Business Skills visas without state or territory government sponsorship
Investing in Australia
Do you have AU$1,500,000 to invest in a designated scheme in Australia? If so, then you may be eligible for an Investor (Provisional) visa (Subclass 162), valid for four years.
The above monies need to be available to be transferred into Australia and must be in addition to a minimum of AU$2,250,000 in net assets held by you and your spouse (if applicable).
These assets must have been held by you for a minimum of two fiscal years. This means that lottery winners will not immediately meet the eligibility criteria.
Assessment criteria
- You must be 45 years of age or younger, unless given an exemption by a territory official.
- You must be a successful businessperson committed to developing, managing and owning businesses in Australia.
- You must notify the appropriate regional authority of a state or territory about your intention to develop a business in that state or territory.
- You can demonstrate a recent history of running flourishing businesses, and have a total of at least three years experience in managing one or more qualifying businesses or eligible investments.
- You should have a clean record when it comes to business transactions.
- You must not have married immediately prior to coming to live in Australia.
- You must meet the health, character and other general requirements applied to all immigrants to Australia.
Permanent visas
The temporary Investor (Provisional) visa entitles you to go on to apply for a permanent visa, as long as you have held the provisional visa for a minimum of two years, and continue to meet the eligibility criteria.
Government assistance
As with other temporary visas, you and your family will not be eligible for state benefits, medical aid, social welfare or other forms of government assistance. You should ensure that you have sufficient assets and/or insurance to cover you for the period of your stay.
Visa allowances
This visa allows you to travel in and out of Australia as often as you like. Your family will also benefit, although they cannot move to live in the country prior to your arrival. Only partners/spouses and dependent family members are covered under this visa.
Securing sponsorship
Before you make the required investment, you need to notify the relevant state or territory authority and then complete an application.
The application process depends on where you live prior to moving to Australia, as certain countries such as China and Korea may have additional requirements that must be met.
All visa holders and their family members over the age of 18 are required to sign an Australian Values Statement.
