Applying for a Permanent Visa as a Business Person
Options for highly skilled business owners, investors and senior executives
Temporary business stay leading to permanent residence for successful business people wishing to settle in Australia and develop new or existing businesses. A direct permanent residence category is also available for high-calibre business migrants sponsored by State or Territory governments.
Summary of migration requirements
The Business Skills visa class of Australia’s migration program encourages successful business people to settle permanently in Australia and develop new or existing businesses.
Business owners, senior executives and investors can apply for a visa under the Business Skills category.
This is a two-stage process. Stage 1 business migrants are granted a Business Skills (Provisional) visa for four years and, after establishing the requisite level of business or maintaining their eligible investment, are eligible to make a Stage 2 application for a Business Skills (Residence) visa.
A direct permanent residence category will still be available for high-calibre business migrants sponsored by State/Territory governments. This is known as the Business Talent visa (see below).
The Business Skills program is divided into four categories:
- Business Owner category: for owners or part-owners of a business;
- Senior Executive category: for senior executive employees of major businesses;
- Investor category: for investors/business people willing to invest in Australia;
- Business Talent category: for high-calibre business people who have sponsorship from a State/Territory government.
In addition, the Business Skills program also has two categories for persons who are in Australia on temporary visas, other than the Business Skills (Provisional) visas:
- Established Business in Australia category – for people temporarily in Australia who are owners or part owners of a business; and
- Regional Established Business in Australia category – for people temporarily in Australia who are owners or part owners of a business in a designated area of Australia
Invest Australia Support Skills (IASS)
Invest Australia Support Skills (IASS) program is designed to encourage international firms to choose Australia as a location for foreign direct investment. It allows companies that make a significant investment in Australia to bring out essential key expatriate managerial and specialist employees from within the company group (this program replaced Regional Headquarters agreements from 1 July 2002).