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1st Stage Provisional Business Skills Visas - Temporary Residence

• Business Owner Provisional Visa Subclass 160
• State/Territory Sponsored Business Owner Provisional Visa Subclass 163
• Senior Executive Provisional Visa Subclass 161
• State/Territory Sponsored Senior Executive Provisional Visa Subclass 164
• Investor Provisional Visa Subclass 162
• State/Territory Sponsored Investor Provisional Visa Subclass 165

Business Owner Provisional Visa Subclass 160

To be eligible for a Business Owner Provisional Visa to come to Western Australia you need to show that you have an overall successful business career and that;

• For at least 2 of the 4 fiscal years immediately before your application you (and if applicable your spouse together) have net assets in a business of at least AUD200,000 and an ownership interest of at least 10% of the business;
• For at least 2 of the 4 fiscal years immediately before your application, you owned and managed a business or businesses with an annual turnover of at least AUD500,000;
• Your (and if applicable your spouse's combined) business and personal assets have a net value of at least AUD500,000, which are available to establish or participate in a business and to be transferred to Western Australia within 2 years of being granted your visa, plus sufficient assets to settle in Western Australia;
• You are aged less than 45 years at the time of application;
• You have vocational English;
• You have not been engaged in a business where the provision of professional, technical or trade services took up more than 50 per cent of your time;
• You have notified the Small Business Development Corporation of your business history and intentions to develop a business in Western Australia;
• You have a realistic commitment to establish or participate in a business in Western Australia span> and maintain a substantial ownership and a direct and continuous management role; and
• You have demonstrated that there is a need to be temporarily in Western Australia to establish and conduct your proposed business activity.

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State/Territory Sponsored Business Owner Provisional Visa Subclass 163

To be eligible for the State/Territory Sponsored Business Owner Provisional Visa to come to Western Australia you need to show that you have an overall successful business career and that:

• You have been sponsored by the Government of Western Australia through the Small Business Development Corporation (SBDC);
• For at least 2 of the 4 fiscal years immediately before your application, you owned and managed a business or businesses with an annual turnover of at least AUD300,000 and an ownership interest of at least 10% of the business or businesses; or You have had a sound continuous employment record in a senior management role in a business for at least 4 years immediately before your application is made and have demonstrated a high level of management skill;
• Your (and if applicable your spouse's combined) business and personal assets have a net value of at least AUD250,000, which are available to establish or participate in a business and to be transferred to Western Australia within 2 years of being granted your visa, plus sufficient assets to settle in Western Australia;
• You are aged less than 55 years at the time of application or you are proposing to establish or participate in a business that Western Australia has determined is of exceptional economic benefit to the State;
• You have not been engaged in a business where the provision of professional, technical or trade services took up more than 50 per cent of your time;
• You have a realistic commitment to establish or participate in a business in Western Australia and maintain a substantial ownership and a direct and continuous management role; and
• You have demonstrated that there is a need to be temporarily in Western Australia to establish and conduct your proposed business activity.

Please note - Applicants for this visa do not have to satisfy a vocational level of English, however, any applicant aged 18 years or more at the time of application who is assessed as not having 'functional English' must pay the second instalment of the Visa Application Charge - AUD7040 for prime applicant and AUD3510 for each dependent.

Business Owner Provisional Visa holders will need to meet to criteria requirements of one of the Business Owner Residence Visas 890 or 892 to be eligible for permanent residency of Australia.

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Senior Executive Provisional Visa Subclass 161

To be eligible for the Senior Executive Provisional Visa to come to Western Australia you need to show that you have an overall successful business career and that:

• For at least 2 of the 4 fiscal years immediately before your application, you occupied a position in one of the 3 top levels of the management structure of a business (other than a government business enterprise) with an annual turnover of at least AUD50 million in which you were responsible for strategic policy development affecting a major component of a wide range of operations of the business;
• Your (and if applicable your spouse's combined) business and personal assets have a net value of at least AUD500,000, which are available to establish or participate in a business and to be transferred to Western Australia within 2 years of being granted your visa, plus sufficient assets available to settle in Western Australia;
• You are aged less than 45 years at the time of application;
• You have vocational English;
• You have notified the Small Business Development Corporation of your business history and 
  intentions to develop a business in Western Australia;
• You have a realistic commitment to establish or participate in a business in Western Australia and maintain a substantial ownership and a direct and continuous management role; and
• You have demonstrated that there is a need to be temporarily in Western Australia to establish and conduct your proposed business activity.

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State/Territory Sponsored Senior Executive Provisional Visa Subclass 164

To be eligible for the State/Territory Sponsored Senior Executive Provisional Visa to come to Western Australia you need to show that you have an overall successful business career and that:

• You have been sponsored by the Government of Western Australia through the Small Business Development Corporation (SBDC);
• For at least 2 of the 4 fiscal years immediately before your application, you occupied a position in one of the 3 top levels of the management structure of a business (other than a government business enterprise) with an annual turnover of at least AUD10 million in which you were responsible for strategic policy development affecting a major component of a wide range of operations of the business;
• Your (and if applicable your spouse's combined) business and personal assets have a net value of at least AUD250,000, which are available to establish or participate in a business and to be transferred to Western Australia within 2 years of being granted your visa, plus sufficient assets available to settle in Western Australia;
• You are aged less than 55 years at the time of application or you are proposing to establish or participate in a business that Western Australia has determined is of exceptional economic benefit to the State;
• You have a realistic commitment to establish or participate in a business in Western Australia and maintain a substantial ownership and a direct and continuous management role; and
• You have demonstrated that there is a need to be temporarily in Western Australia to establish and conduct your proposed business activity.

Please note - Applicants for this visa do not have to satisfy a vocational level of English, however, any applicant aged 18 years or more at the time of application who is assessed as not having 'functional English' must pay the second instalment of the Visa Application Charge - AUD7040 for prime applicant and AUD3510 for each dependent.

Senior Executive Provisional Visa holders will have to meet the criteria requirements of one of the Business Owner Residence Visas 890 or 892 to eligible for permanent residency of Australia.

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Investor Provisional Visa Subclass 162

To be eligible for the Investor Provisional Visa to come to Western Australia you need to show that you have an overall successful record of investment or business activity and that:

• You have a total of a least 3 years experience of direct involvement in managing one or more businesses or investments;
• For at least one of the 5 fiscal years immediately before your application, you maintained direct involvement in either managing a business in which you (and if applicable your spouse together) had an ownership interest of at least 10 % of the total value of the business; or you maintained direct involvement in managing (and if applicable your spouse's combined) investments to the value of at least AUD1.5 million;
• For the 2 fiscal years immediately before your application, the net value of your (and if applicable your spouses combined) assets were at least AUD2.25 million;
• You have demonstrated a high level of management skill in relation to an investment or business activity;
• At the time of decision on your visa, you have made an Investment (Designated Investment) of AUD1.5 million with the Western Australian Treasury Corporation for a 4 year term;
• You are aged less than 45 years at the time of application;
• You have vocational English;
• You have notified the Small Business Development Corporation of your business history and intentions to develop a business in Western Australia; and
• You have a realistic commitment to continue to maintain a business investment activity in Western Australia after your Designated Investment has matured.

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State/Territory Sponsored Investor Provisional Visa Subclass 165

To be eligible for the State/Territory Sponsored Investor Provisional Visa to come to Western Austra lia you need to show that you have an overall successful record of investment or business activity and that:

• You have been sponsored by the Gover nment of Western Australia through the Small Business Development Corporation (SBDC);
• You have a total of a least 3 years experience of direct involvement in managing one or more businesses or investments;
• For at least one of the 5 fiscal years immediately before your application, you maintained direct involvement in either managing a business in which you (and if applicable your spouse together) had an ownership interest of at least 10 % of the total value of the business; or You maintained direct involvement in managing (and if applicable your spouse's combined) investments to the value of at least AUD750,000;
• For the 2 fiscal years immediately before your application, the net value of your (and if applicable your spouse's combined) assets were at least AUD1.125 million; You have demonstrated a high level of management skill in relation to an investment or business activity;
• At the time of decision on your visa, you have made an Investment (Designated Investment) of AUD750,000 with the Western Australian Treasury Corporation for a 4 year term;
• You are aged less than 55 years at the time of application or you are proposing to establish or participate in a business that Western Australia has determined is of exceptional economic benefit to the State; and
• You have a realistic commitment to continue to maintain a business investment activity in Western Australia after your Designated Investment has matured.

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Western Australian Treasury Corporation

Level 7, Central Park, 152 - 158 St. Georges Terrace, PERTH WA 6850
Telephone (08) 9235 9180 Facsimile (08) 9235 9177
Website: www.watc.wa.gov.au
Email: settlements@watc.wa.gov.au

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Please Note - Applicants for this visa do not have to satisfy a vocational level of English, however, any applicant aged 18 years or more at the time of application who is assessed as not having 'functional English' must pay the second installment of the Visa Application Charge - AUD7040 for prime applicant and AUD3510 for each dependent.

Investor Provisional Visa holders will need to meet the criteria requirements of either one of the Investor Residence Visas 891 or 893 or Business Owner residence Visas 890 or 892 to be eligible for permanent residency of Australia.