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Business Skills Entry

Click on the followings for more information:

 

Business Owner (Provisional) category
 

To be eligible for applying that category, you need to show that:

  1. You have an overall successful business career;
  2. For at least 2 of the 4 fiscal years immediately before the application is made, you (or you and your spouse together) have net assets in a qualifying business of at least A$200,000;
  3. For at least 2 of the 4 fiscal years immediately before the application is made, your main business, or main business together, had an annual turnover of at least A$ 500,000;
  4. Your )or your and your spouse¡¦s combined) business and personal assets have a net value of at least A$500,000, which are lawfully acquired and available to transfer to Australia within 2 years after the grant of a Business Owner (Provisional)visa plus sufficient assets available to settle in Australia;
  5. You are aged less than 45 years at time of application;
  6. You have vocational English;
  7. You have not been engaged in a business where the provision of professional, technical or trade services took up more than 50% of your time;
  8. Neither you or your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia;
  9. You have notified the appropriate regional authority of a state or territory of your business history and intentions to develop a business in that state or territory;
  10. You have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business;
  11. You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity;
  12. You have signed a declaration that you understand your obligations as the holder if a Business Owner (Provisional) visa.

 

Designated Investment (for the Investor categories)

The Designated Investments offered by State/Territory Treasury Corporations are:

  1. Primary0issued government securities with a maturity of no less than 4 years from the date of purchase.
  2. Limited to investments of:
    • A$ 750,000 if you are applying under the State/Territory Sponsored Investor category or
    • A$1,500,000 if you are applying under the Investor category with interest paid every 6 months;
    • Non-transferable and non-redeemable (that is, the security cannot be sold to another investor or sold back to the issuing authority before maturity)

Repayment of principal on maturity is guaranteed by the State/Territory government issuing the security.

The Australian Taxation Office (ATO) has advised income you earn from your investment in Australia is subject to tax under Australian taxation law. Income earned in Australia by non-residents is subject to 10 per cent withholding tax which will be automatically deducted from the interest earned on your Designated Investment until you provide an Australian tax file number and evidence of your status to the agency in which you have made your investment. The ATO strongly advises people arriving in Australia for the first time as business entrants to contact the ATO and apply for a tax file number.
When and how to make a Designated Investment

To make a Designated Investment you should first contact at least one of the State/Territory Treasury Corporations. They will forward current information on the terms and conditions and an investment application form and detailed instructions on how to lodge a Designated Investment in their State/Territory.

At the initial enquiry stage, the Treasury Corporation can only indicate the likely rate of return on a proposed investment. The actual rate of return on your investment will be set when you deposit your funds in the Designated Investment. Interest rates change regularly and may differ between State/Territory Treasury Corporation

You should not make a Designated Investment until you are advised in writing to do so by the Australian overseas mission or the Department of Immigration and Multicultural and Indigenous Affairs (DIMIA) office processing your application.

Your Designated Investment must be made in time for you to enter Australia before expiry of your health and character clearances. Information on health and character clearances may be obtained from the office processing your application.

Funds used to finance your Designated Investment must be personally owned and unencumbered and must have been legally accumulated as a result of your business and/or investment activities.

Individual State/Territory agencies will provide advice on procedures to transfer your funds to the Designated Investment. The funds must be in Australian dollars.

On receiving your funds, the stick issuing authority will send you a letter or certificate to acknowledge receipt. That agency will also complete Part 3 of form 1031 and send it to the Australian overseas mission/DIMIA office assessing your application. Funds can be deposited in a Designated Investment is made, funds cannot be withdrawn before the 4 year term has expired, except under exceptional circumstances approved by the Minister.

The Minister for Immigration and Multicultural and Indigenous Affairs may cancel any visas held by you and members of your family if the funds are withdrawn from the Designated Investment before the date of maturity.

Disclaimer:
This information is general only. You should get investment information from the relevant State/Territory Treasury Corporation before selecting a Designated Investment. You should also contact the ATO in Australia about your taxation liabilities. The Australian Government does not accept liability for any loss you may suffer as a result of making an investment, nor for any taxation liability you may incur. Nor does it approve or endorse specific Designated Investments or provide advice on their performance.

Further requirements:
Please refer to the immigration website www.immi.gov.au/allforms/formlist.htm for additional forms required under the Investor and State/Territory Sponsored Investor subclass.

 

Investor (Provisional) category

To be eligible for applying that category, you need to show that:

  1. You have an overall successful record of eligible investment or qualifying business activity;
  2. You have a total of at least 3 years experience of direct involvement in managing one or more qualifying business or eligible investment;
  3. For at least one of the 5 fiscal years immediately before the application is made: you have maintained direct involvement in either managing a qualifying business in which you (or you and your spouse¡¦s combined) had a ownership interest of at least 10% of the total value of the business; or you maintained direct involvement in managing your (or your and your spouse¡¦s combined) eligible investments, the total value of which was at least A$ 1,500,000;
  4. For the 2 fiscal years immediately before the application is made, the net value of your (or your and your spouse¡¦s combined) assets was at least A$ 2,250,000;
  5. You have a demonstrated a high level of management skill in relation to an eligible investment or qualifying business activity;
  6. At the time of decision, you have a made a Designated Investment of A$1,500,000;
  7. You are aged less than 45 years at time of application;
  8. You have vocational English;
  9. Neither you or your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia;
  10. You have notified the appropriate regional authority of a State or Territory of your business history and intentions to develop a business in that State or Territory;
  11. You have realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business;
  12. You have signed a declaration that you understand your obligation as the holder of a Senior Executive (Provisional) visa.

 

Senior Executive (Provisional) category

To be eligible for applying that category, you need to show that:

  1. You have an overall successful business career;
  2. For at least 2 of the 4 years immediately before the application is made, you have occupied a position in the 3 highest levels of the management structure of a major business in which you were responsible for strategic policy development affecting a major component or a wide range of operations of that major business.
  3. Your (or your and your spouse¡¦s combined) business and personal assets have a net value of at least A$500,000, which are lawfully acquired and available to transfer to sufficient assets available to settle in Australia;
  4. You are aged less than 45 years at time of application;
  5. You have vocational English;
  6. Neither you or your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia;
  7. You have notified the appropriate regional authority of a State or Territory of your business history and intentions to develop a business in that State or Territory;
  8. You have realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business;
  9. You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity;
  10. You have signed a declaration that you understand your obligation as the holder of a Senior Executive (Provisional) visa.

 

State/Territory Sponsored Senior

To be eligible for applying this category, you need to show that:

  1. You have been sponsored by an appropriate regional authority of a State Territory government;
  2. You have an overall successful business career;
  3. For at least 2 of the 4 years immediately before the application is made, you have occupied a position in the 3 highest levels of the management structure of a major business in which you were responsible for strategic policy development affecting a major component or a wide range of operations of that major business;
  4. Your (or your and your spouse¡¦s combined) business and personal assets have a net value of at least A$ 250,000, which are lawfully acquired and available to transfer to Australia within 2 years after the grant of a State/Territory Sponsored Senior Executive (Provisional) visa, plus sufficient assets available to settle in Australia.
  5. You are aged less than 55 years at time of application or you are proposing to establish or participate in a business that your sponsoring State or Territory has determined is exceptional economic benefit to the State or Territory;
  6. Neither you or your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
  7. You have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business;
  8. You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity;
  9. You have signed a declaration that you understand your obligations as the holder of a State/Territory Sponsored Senior Executive (Provisional) visa.

 

State/Territory Sponsored Business Owner (provisional) category

To be eligible for applying for this category, you need to show that:

  1. You have been sponsored by an appropriate regional authority of a State or Territory government.
  2. You have an overall successful business career.
  3. For at least 2 of the 4 fiscal years immediately before the application is made, you had an ownership interest in a main business, or main business that had an annual turnover of at least A$ 300,000; or
  4. You have had a sound continuous business employment record in a senior management role on a qualifying business for at least 4 years immediately before the application is made and have demonstrated a high level of management skill;
  5. Your (or your and your spouse¡¦s combined) business and personal assets have a net value of at least A$ 250,000 which are available for the conduct or establishment of a business in Australia and are lawfully acquired and available for transfer to Australia within 2 years of the grant of a State/Territory Sponsored Business Owner (Provisional) visa, plus sufficient assets available to settle in Australia;
  6. You (or you and your spouse together) have sufficient net personal assets to settle in Australia in addition to the net assets mentioned above;
  7. You are aged less than 55 years at time of application or you are proposing to establish or participate in a business that your sponsoring state or territory has determined is of exceptional economic benefit to the state or territory;
  8. You have not been engaged in a business where the provision of professional, technical or trade services took up more than 50% of your time.
  9. Neither you or your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia;
  10. You have realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business.
  11. You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity;
  12. You have signed a declaration that you understand your obligations as the holder of a State/Territory Sponsored Business Owner (Provisional) visa.