Updated Immigration Policy for Two Stage Business Visa
May 12, 2008
From this month policy applied to these Business Skills visas
- Business Owner
- Senior Executive
- Investor
- State/Territory Sponsored Business Owner
- State/Territory Sponsored Senior Executive
- State/Territory Sponsored Investor
has been updated.
All Business Skills applicants (with the exception of subclass Business Talent applicants) seeking to come to Australia to establish or buy into a business or make a designated investment are still required to apply for a temporary (provisional) visa in the first instance.
They remain eligible to apply for a permanent Business Skills visa if they have successfully operated a business or maintained their designated investment in Australia.
However, high calibre business migrants sponsored by a State/Territory government may still apply directly for a permanent residence visa visa the Business Skills Business Talent class — without having to pursue the two-stage path.
Saying this, though, only 179 Business talent visas were granted worldwide in 2007-2008 program year, and three refused: reflecting fact most business visa applications are founded in the two stage regime, with relatively less asset, turnover and related business criterion attributes being necessary.
