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Business Owner Visa
What is a Business Owner Visa?
To be defined as a Business Owner, you must:
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Have an ownership interest of at least 10 % in a business
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Be involved in strategic management of the business
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Have significant net assets in a business
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Intend to engage in business in Australia, and
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Have notified an Australian State / Territory government business development agency
To be eligible, you need to show the following:
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An overall successful business career
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Net assets in a qualifying business in 2 of the last 4 fiscal years of at least:
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If you are not sponsored - AUD$200,000
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If you are sponsored - AUD$100,000
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Active involvement in, and responsibility for, the overall management and performance of a qualifying business on a daily basis for 2 of the last4 fiscal years
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You have not been engaged in a business where the provision of professional, technical or trade services takes up more than 50 % of your time
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You have notified an Australian State or Territory government business development agency
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You have not been involved in business or investment activities considered unacceptable in Australia
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You have a genuine and realistic commitment to participate, as a substantial owner, in the management of a new or existing business which will benefit Australia
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A score at least 105 points in the business owner points test. Contact us if you are interested in an assessment! Tel: +27 11 431 1705 or email info@hasslefree.co.za!
Applicant's Responsibilities:
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Sign a declaration that they agree to meet certain obligations after arrival in Australia
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Obtain a substantial ownership interest in an eligible business in Australia
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Keep DIMA informed of their current address for three years AND
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Participate in monitoring surveys conducted by DIMA
More about the Declaration:
The declaration the applicant signs acknowledges the if the applicant does not make genuine efforts to participate in business within 3 years of arrival after the visa is granted (outside of Australia), then DIMA has the right to cancel his/her visa as well as the visas of his/her members.
Eligible Business Defined:
An eligible business can be a new or existing business, as long as it is a business, which does one or more the following:
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Develops business links with the international market
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Creates or maintains employment in Australia
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Exports Australian goods or services
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Produces goods or services that would otherwise be imported into Australia
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Introduces new or improved technology to Australia
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Increases commercial activity and competitiveness within sectors of the Australian economy
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