The Business Owner visa allows successful business owners to reside in Australia on a permanent basis. To qualify for this visa, you must hold one of the required provisional business visas, and have managed your Australian business for at least two years. The minimum requirements for this visa are set out below:

Business Ownership

• You must have directly and continuously managed one or more businesses in Australia for at least the last two years

• Note:  Of that main business (or main two businesses), you (and your spouse/de facto partner, if applicable) must own at least: 
•  
  • 51% where the turnover was less than A$400,000 per annum
  • 30% where the turnover was A$400,000 or more per annum
  • 10% where the business was a publicly listed company OR where you purchased your business prior to 19 April 2010

• During the last 12 months:
  • your main business(es) must have had a turnover of at least A$300,000
  • you (and/or your spouse/de facto partner, if applicable) must have had total net assets of at least A$100,000 in your main business(es)
  • your main business(es) must have employed the equivalent of at least two full-time employees who are Australian citizens/permanent residents or New Zealand passport holders, and who are NOT members of your family
• You (and your spouse/de facto partner, if applicable) have never been involved in unacceptable business activities