This category of applicants has been created to boost the
economic status and employment opportunities in Australia.
Individuals with business skills and financial assets can
apply for business visa. They are required to fulfil
rigorous criteria and must be careful while applying for
visa. Advice from professional visa consultants is
recommended in all cases pertaining to business visas.
Those granted visa under Subclass 132 Business Talent
category are automatically granted permanent residence
status after the stipulated time period. Others who are
issued business visa must satisfy stringent criteria and can
be considered for permanent residential status after four
years from the date of issuance of business visa. These
inter alia include individuals who are owners of existing
profitable businesses, senior managers of reputed
organisations and people who are capable of investing
substantially in government backed funds for period
extending to four years. Individuals holding qualifying
visas may also apply in such case where they have set up
businesses while in Australia. While applying for business
visa individuals must ensure that they have ownership of a
successful business with turnover exceeding $300, 000 per
year for two years immediately prior to the date of
application. In case of senior management, a period of four
years of continuous employment is mandated. Individuals
running their own enterprise must own asset with a value not
less than $250000 and are transferrable to Australia within
two years of issuance of business visa. The assets of
spouses can be clubbed with that of the individual.
For at least two out of the four financial years immediately
prior to making the application they must have had an
ownership interest in a main business or businesses that had
an annual turnover of at least $300,000 or, have a sound
continuous employment record in a senior management role in
a qualifying business for at least four years immediately
before applying and demonstrate a high level of management
skill. Individuals must be able to invest $250,000 in the
new venture to be established in Australia. Additional
assets to enable individual to settle in Australia must also
be declared. Age and other time factors must be adhered to
without fail to ensure smooth processing of visa
application.
The individual applying for a business visa should also
demonstrate a genuine commitment in conducting business in
Australia. Applicants should be able to establish that they
would be involved in day to day operations of the business
which they set up in Australia and effectively contribute
towards economic development of the country.
Essentially, individuals desiring business visas should be
able to conclusively demonstrate their ability to set up and
run a profitable business. In addition their character must
be impeccable and business interests should be considered
legal in Australia. English language proficiency, good
health and moral character are some criteria which must be
met before issuance of business visa.
State or territory in which the individual is proposing to
set up business must provide sponsorship in order to process
the business talent visa application. The sponsorship should
be obtained prior to applying for the visa and is a
precondition.
It may be noted that the performance of the business is
continuously monitored by the Australian immigration
authorities. Adhering to commitments made at the stage of
visa application is essential to ensure permanent residence
status. It is therefore advisable to project realistic
financial figures at the initial stage. A professional
consultant in the field of immigration can go beyond the
normal visa processing advice and provide practical yet
crucial inputs while applying for a business visa.
