Investor (Provisional) Subclass 162 in Australia

To be eligible to apply for an Investor (Provisional, temporary, not sponsored) visa for Australia, you must meet the following requirements:

• You must show that you have an overall successful record of eligible investment or qualifying business activity;
   
• You must have a total of at least three years experience of direct involvement in managing one or more qualifying business or eligible investments;
   
• For at least one of the five fiscal years immediately before the application is made:
  • You must have maintained direct involvement in either managing a qualifying business in which you (or you and your spouse together) had an ownership interest of at least 10% of the total value of the business; or
     
  • You must have maintained direct involvement in managing your (or your and your spouse's combined) eligible investments, the total value of which was at least A$1,500,000;
• For the two fiscal years immediately preceding the application, the net value of your (or your and your spouse's combined) assets must have been at least A$2,250,000;
   
• You must have demonstrated a high level of management skill in relation to an eligible investment or qualifying business activity;
   
• At the time of visa decision, you must have made a Designated Investment of A$1,500,000;
   
• You must be under the age of 45 at the time of application;
   
• You must have at least a vocational level of English;
   
• Neither you or your spouse should have a history of involvement in business or investment activities that are not generally acceptable in Australia;
   
• You must have notified the appropriate regional authority of a state or territory of your business history and intentions to develop a business in that State or Territory;
   
• You must have a realistic commitment to continue to maintain a business or investment activity in Australia after the Designated Investment has matured;
   
• You must have signed a declaration that you understand your obligations as the holder of this type of visa.

If you are able to obtain sponsorship from an appropriate regional authority of a State/Territory government, then your application would fall under the State/Territory Sponsored Investor (Provisional) category, and in addition to the above, you would have to meet the following requirements:

• You would have to show that you have been sponsored by an appropriate regional authority of a State or Territory government;
   
• In reference to point 3 above, the total value of your (or your and your spouse's) eligible investments in which you maintained direct involvement would have to be A$750,000
   
• In reference to point 4 above, the net value of your (or your and your spouse's) assets for the two fiscal years preceding the application would have to be at least A$1,125,000;
   
• In reference to point 6 above, at the time of visa grant you must have made a Designated Investment of A$750,000
   
• In reference to point 7 above, you must be aged less than 55 years at the time you apply or you are proposing to establish or participate in a business that your sponsoring State or Territory has determined is of exceptional economic benefit to that State or Territory

If you feel that you meet the above requirements to make an application under either one of these categories as an Investor, please contact our London office on (0)207 842 0800 or on australia@workpermit.com to set up an appointment to discuss your case.