The Provisional State / Territory Sponsored Business Owner Visa (Subclass 163) allows business owners under age 55 to emigrate and establish a business in Australia.
There are certain eligibility criteria that must be met. As mentioned above, you must be 55 years old, you must be sponsored by a competent regional authority of the Government of a State or territory, and you must have a successful career in global business.
- 10 percent of the company where the company is a listed company
- 30 percent of the company where the turnover rate is AUD $ 400,000 or more per year
- 51 percent of the company where the turnover rate is AUD $ 400,000 LEA per year