To be eligible for the Australian Business Owner (Provisional) Visa (subclass 160), you will need to fulfil the following requirements:
- Had an overall successful business career;
- For at least 2 of the last 4 fiscal years immediately before application is made, you had an ownership interest in a main business (with percentage varying depending on whether the business is owned by a publicly listed company and also the annual turnover of the business), or main businesses together, with an annual turnover of at least AU$500,000 (each year);
- For at least 2 of the last 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 AU$200,000;
- Your business and personal assets (including your spouse) have a net value of at least AU$800,000 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 your visa;
- You have vocational English;
- You are aged less than 45 at time of application;
- You have not been engaged in a business where the provision of professional, technical or trade services has taken up more than 50% of your time;
- Neither you or your spouse have a history of involvement in a business or investment activities of a nature not generally acceptable in Australia;
- You have a genuine and realistic commitment to establish or participate actively in a qualifying business in Australia and to maintain and hold a substantial ownership level; and
- You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity.