There are certain people who are exceptionally talented especially when it comes to establishing their own business. Hence Australia Specially caters to such talented and experienced business men by allowing them to immigrate and set up their own business in Australia. For this there is a social Business Talent (PR) Scheme.
So immigration under this scheme is mainly for the highly talented and experienced businessmen and to give them an opportunity to migrate to Australia and set up their business there.
Business men, who want to apply for this scheme, have to be sponsored by the state or territory government. Exceptionally and highly talented and experienced business men may be sponsored by the Australian Government, However all the applicants who are applying under this scheme have to have proper supporting documents and proofs for acquiring sponsorship by state and territory government.
If applicants want to avail of information they can assess the services of the specialized visa companies over the government sponsored visa programs.
There are certain financial requirements that must be fulfilled. Let us discuss it below:
For investment in Australia an applicant must have at least a net value of 1,500000 Australian dollars. The net worth can be inclusive of assets of your spouse, personal assets and even business worth that you own, however it must be legally acquired by you and there should be no frauds involved. Within two years of approval of this Business Talent Visa the amount mentioned above must be available for transfer.
The application for visa under this scheme and overall quite complex and may involve a lot of procedures and may require some assistance from the expert immigration lawyers.
Also the candidate and the spouse must together have net assets worth 4, 00000 Australian dollars in a eligible business. This is the net assets criteria which every applicant has to follow. At the time of business talent application process, out of the last four years at least two years an applicant must have an ownership interest.
Apart from this the applicant also has to have an ownership interest in a main or other business with al last a minimum of 3, 00,000 Australian dollars annually. This also has to be in a time span of at least two years in the last four years at the time of application process.
In this also proper guidance and assistance must be taken form immigration consultancies as they can guide and assist through the entire procedure.
When a candidate makes a submission under this scheme he/she must be less than 55 years of age. That is a compulsory age limit that must be adhered to.
Also any applicant and the spouse should not be involved in any business or any activity which is not allowed or which is against the norms of Australia. Also any applicant who is applying under this scheme must be very committed, dedicated and focused to establish and set up their business there for their growth and also growth of the Australia economy.
Overall Migrating to Australia is definitely a good decision and something to think about if one wants to make a successful Career and wants to live a luxurious and good life in the future. Australia has a good climate, favorable living conditions, good education, excellent standard of living, excellent health care facilities, good job and investment opportunities and last but not the least it provides you an environment of personal growth also. So migrating to Australia is definitely a profitable proposition.
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