Australia is one of the fastest developing countries in the world. It is famous as Land of Opportunities, heaven for skilled job hunters, etc., due to rapid growth of industrialization and economy. Australian Immigration encourages investors and able entrepreneurs to establish an enterprise in the country and settle there. And those who want to grab this opportunity should apply for Australia Business Permanent Residence Visa.
The basic requirement for the said visa includes:
1. Age should be below 55,
2. An exception can be there, if the proposed business plan is extremely
beneficial for the specific region,
3. Applicant has to be nominated by appropriate regional or state authority,
4. The candidates and their partner should not be linked with any
non-permissible venture till date,
5. Annual turnover has to be at least Australian 300,000 dollars,
6. The applicant must continuously participate in ownership and managerial
activities of the venture to develop and improve the venture,
7. He must fulfill the health and medical requirement,
8. Applicant must have a net worth of Australian dollar 1,500,000,
9. It is compulsory that the assets are legally transferrable to the country.
The direct permanent visa allows you to stay Down Under from day one for starting and owning a new business or buying and developing an already existing business. It can be classified into these categories -- business owners and investors.Business owners include those capable immigrants who either own a business or intend to establish or buy a business. They can also be sponsored by state or territory to enhance the economic development of the region. It also includes those immigrants who are in the country on the basis of temporary work permit. For the application of permanent residence by investors, these investors should have invested money for last four years in designated field, and should have been in Down Under for at least last two years.
If the immigrant is not sponsored, the eligibility criteria include:
1. Overall successful business career,
2. Ownership interest of at least 10% of the business,
3. Should own sufficient business and personal assets,
4. Have direct and continuous role in management of overseas business
enterprise,
5. Should not have any records of unacceptable business history.
Australian business permanent residence visa is for talented business person as well. If the applicant fulfills eligibility criteria and is a successful business person, he will directly get
PR Business Visa to Australia. He should e sponsored by state or territory government, should have an overall successful business career, must have sufficient amount of business assets, must achieve sufficient annual turnover in his own business. Age bar for this kind of visa application is similar to business owner visa application.
