
This visa is suitable for high calibre business people who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia. You do not need to be sponsored by a state or territory government, however you should be less than 45 years old.
Applicants over 45 years of age, but less than 55, may qualify for the State/Territory Sponsored Investor Provisional Visa that has a lower financial threshold. Applicants must also demonstrate that they have at least vocational-level English.
In addition to providing evidence of involvement in managing a business or investment, applicants must demonstrate that they have significant business and personal assets of a sufficient net value to settle in Australia. Prior to Visa being granted, applicants must make a designated investment of AUD$1,500,000.
As part of the process, applicants must also demonstrate a realistic commitment to maintain a business or investment activity in Australia once the designated investment has matured.
In Summary, you can:
- work in a new or existing business in Australia
- travel in and out of Australia any number of times as long as the visa is valid
- study in Australia
- have your family accompany you to Australia. They will have access to work and study rights
This visa does not provide access to Medicare or social security benefits.
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| Visa Subclass |
162 |
| Residency Status |
Temporary |
OUR SERVICE OPTIONS
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| Migration Advice Service |
Not Available |
| Platinum Migration Service |
Available |
| GOVERNMENT FEES AND PROCESSING TIMES |
| Application Fee |
AU$2735 |
| Partner Application Fee |
Included |
| Dependents Application Fee |
Included |
| Processing Time |
6 to 12+ months |
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