AUSTRALIA - BUSINESS OWNER 

Key requirements

As an Owner or Part-owner of business(es), applicants in this category need to show:

1. They have a successful business career
2. They (and their spouse together) have had net assets in a qualifying business or businesses of at least A$100,000 in two of the last four fiscal years.
3. Their total personal and business assers in Australia are $250,00.
4. They need to own at least 10% of the business' shareholding or equity.
5. The turnover of the business during the 12 months prior to the application was at least $300,000.
6. They employed at least 2 Australian employees.
7. They have been actively involved in and responsible for the overall management and performance of the qualifying business(Es) on a day to day basis for two of the past four fiscal years.
8. "Qualifying business" is one which is operating and was not set up primarily for passive or speculative purposes.
9. If the qualifying business is one which provides professional, technical or trade services, they have not been involved in the provision of those services for more than 50% of their time.
10. Business or investment activities are legal and acceptable in Australia
11. They have a realistic commitment to participate in Australia as a substantial owner, in the management of a new or existing business which will benefit Australia.

Business net assets

"Business net assets" is the share of the business' net assets less the value of loans or borrowings used to fund an applicant's ownership share (net asset = total asset - total liabilities). Net assets in more than 1 business may be combined for this purpose.

BUSINESS OWNER
(State / Territory government sponsored)

Key requirements

1. They have a successful business career
2. They (and their spouse together) have had net assets in a qualifying business or businesses of at least A$75,000 in two of the last four fiscal years.
3. Their total personal and business assers in Australia are $250,00.
4. They need to own at least 10% of the business' shareholding or equity.
5. The turnover of the business during the 12 months prior to the application was at least $200,000.
6. They employed at least 1 Australian employee.
7. They have been actively involved in and responsible for the overall management and performance of the qualifying business(Es) on a day to day basis for two of the past four fiscal years.
8. "Qualifying business" is one which is operating and was not set up primarily for passive or speculative purposes.
9. If the qualifying business is one which provides professional, technical or trade services, they have not been involved in the provision of those services for more than 50% of their time.
10. Business or investment activities are legal and acceptable in Australia
11. They have a realistic commitment to participate in Australia as a substantial owner, in the management of a new or existing business which will benefit Australia.
12. They need to satisfy only two conditions out of the three menioned in point 2, 3, 6.

Business net assets

"Business net assets" is the share of the business' net assets less the value of loans or borrowings used to fund an applicant's ownership share (net asset = total asset - total liabilities). Net assets in more than 1 business may be combined for this purpose.