With the Business visa program currently closed, the Skilled Work Regional (Provisional) visa (Subclass 491) offers pathways for small business owners and operators through the state nomination program.
The Subclass 491 is points-tested and requires a skilled occupation, and some states have introduced additional specific requirements for business owners.
The following states offer a 491 SBO visa option:
Queensland:
The program is for migrants living in and operating small businesses in regional Queensland. It is a five-year visa with a pathway to permanent residency after three years.
Pathway 1: Business purchase
You must be looking to purchase an existing registered business outside South East Queensland with a minimum purchase price of $100,000.
Your business must:
+ employ at least one Australian resident; and
+ be operating for a minimum of six months before submitting an Expression of Interest (EOI).
Additionally, the business purchase must be settled within 18 months of the EOI. This business must:
+ have been operating for at least two years at its current location;
+ continue operating for six months or more after settlement; and
+ employ at least one Australian resident for 20 or more hours per week.
Pathway 2: Start-up business
This pathway applies if you have started your own business, which must:be running continuously for a minimum of two years; and generate a profit.
The business should have a turnover of at least $200,000 in the 12 months prior to submitting an Expression of Interest (EOI).
Australian Capital Territory (ACT)
The ACT allows eligible applicants to claim Matrix points in the small business owner category under the Subclass 491 nomination program.
To secure ACT state nomination, you must:
The following businesses are ineligible businesses for ACT state nomination:
To claim Matrix points in the Small Business Owner category, you must satisfy the following criteria:
Tasmania
Tasmania provides a Business Owner stream within their Subclass 491 program.
To be eligible for this, you must: