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  Home >>Visa Informations- Australia >> State territory sponsored buisness owner in Australia Visa


State / Territory Sponsored Business Owner (Provisional)
Sub Class 163-


Additional Documents Required

. For at least 2 of the 4 fiscal years immediately before the application is made, the applicant had an ownership interest in a main business, or main businesses that had an annual turnover of at least A$300,000; OR

. The applicant should have a sound continuous business employment record in a senior management role in a qualifying business for at least 4 years immediately before the application is made and have demonstrated a high level of management skill.

. The applicant's (or the applicant's and his 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
were 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, (usually around A$50,000).

. The applicant (or the applicant and his spouse together) should have sufficient net personal assets to settle in Australia in addition to the net assets mentioned above.

. The applicant should not be engaged in any other a business where the provision of his professional, technical or trade services takes up more than 50% of his time.

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