Investor (Provisional)
You have to meet the criteria for either the Provisional or State Sponsored Provisional Visa
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Provisional |
State / Territory sponsored |
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You have notified the appropriate State regional authority of your business history and intentions to develop a business in that state |
Must be sponsored by an appropriate regional authority of a State or Territory Government |
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Had an overall successful business career and record of eligible investment or qualifying business |
Had an overall successful business career and record of eligible investment or qualifying business |
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For at least one of the 5 fiscal years immediately before the application is made:
- You have maintained direct involvement in either managing a qualifying business in which you (or you & your spouse) had an ownership interest of at least 10% of the total value of the business; or
- You maintained direct involvement in managing your (or your and your spouse’s together) eligible investments, the total of which was at least A$ 1 500 000
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For at least one of the 5 fiscal years immediately before the application is made:
- You have maintained direct involvement in either managing a qualifying business in which you (or you & your spouse) had an ownership interest of at least 10% of the total value of the business; or
- You maintained direct involvement in managing your (or your and your spouse’s together) eligible investments, the total of which was at least A$ 750 000
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For the 2 fiscal years immediately before application is made, the net value of your (and your spouse’s together) assets was at least A$ 2 250 000 (2.225 million) |
For the 2 fiscal years immediately before application is made, the net value of your (and your spouse’s together) assets was at least A$ 1 125 000 (1.125 million) |
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At time of decision, you have made a designated investment of A$ 1 500 000 |
At time of decision, you have made a designated investment of A$ 750 000 |
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You have vocational English |
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You are aged less than 45 at time of application |
You are aged less than 55 at time of application or you have proposed to establish or participate in a business that the specific state has determined is of exceptional economic benefit to the state or territory |
| For at least 3 years experience of direct involvement in managing one or more qualifying businesses or eligible investments |
- You have demonstrated a high level of management skill in relation to an eligible investment or qualifying business activity
- Neither you or your spouse have a history of involvement in a business or investment activities not a nature not generally acceptable in Australia
- You have a genuine and realistic commitment to establish or participate actively in a qualifying business in Australia and to maintain and hold a substantial ownership level
Taxation obligations for Designated Investment
The ATO has advised that income you earn from your investment in Australia is subject to tax under Australian tax law. Income earned in Australia by non-residents is subject to 10% withholding tax which will automatically be deducted from the interest earned on your designated investment until you provide an Australian File Number and evidence of your status to the agency in which you have made your investment.
Note: You should not make the investment until advised to do so by BCIS
