Australia immigration-motivated businessmen may apply for Australian Permanent Residency only if they intend to live and work in the country indefinitely. To the right candidates, the country offers excellent opportunities and enables them to eventually gain permanent entry to the renowned global immigration hotspot.

In order to meet the desired criteria, under the category, it is likely that you need to possess the relevant skills, business experience, and language proficiency. Just in-case if you do not meet the required standards, then you may have no options except to choose an alternative.

Businessmen, aspiring for Australian permanent residency, under the various categories up for grabs, have to meet the different requirements. In majority of the classes, you may be granted a visa for a fixed period of four years. And once you have successful lived and run your business in Oz, you might be eligible to submit an application for the Australian PR.

If you are straightaway interested in acquiring the PR of Australia, then you need to know that this may be possible only for exceptionally high-caliber businessmen, sponsored by State/Territory governments. In such cases, you will get hold of Business Talent Visa—the details of which are given here under:

Business Talent (Migrant) Category: To be eligible for the stated stream, you must meet the below given requirements:

• To begin with, you must be sponsored by an Australian State or Territory government.
• For a least of two years, out of the four fiscal years, immediately preceding the application, both you and your partner together should hold a net assets in a qualifying business, in which you had an ownership interest of a minimum of A$400,000.
• You must hold a previous successful business career.
• For a minimum of two–out of the four fiscal years immediately preceding the submission of the application–your main business or main businesses together should hold a yearly turnover of a minimum of A$3,000,000.
• At the time of processing the petition, it is vital that you are below the age of 55, or you are proposing to establish or participate in establishing a business that, your sponsoring state or territory, has determined is of exceptional economic benefit to the concerned Australian state or territory.
• You must be committed either to establish or participate in a business venture in Down Under, and maintain a substantial ownership, and also have a continuous and direct and continuous say in the management of that business.
• Either you or your spouse should have a business along with personal assets of a net value of a minimum of A$1,500,000. It is crucial that the amount has been lawfully acquired, and it should be available for easy transfer and also ought to be capable of getting transferred to Oz within two years, once the visa has been granted to you.
• Neither of the two, namely, you or your partner, should hold a criminal record and found guilty of involvement in business or investment activities that is not acceptable in Australia.
• Beforehand you must have signed a declaration acknowledging your obligations as the holder of Business Talent (Migrant) category.

Apart from the above stream, you can also submit a petition for the Subclass 888 Permanent Business Innovation and Investment Visas. The stated visa category is only for the businessmen who have nomination from an Australian State or Territory government.

You should be committed to maintain business venture in the country also have a satisfactory compliance with Australian Commonwealth, State and Territory laws. The visa has two streams. It mainly depends on which stream was applied for at the provisional stage. The two streams are:

• Business Innovation Stream: It needs you to establish a business venture in the country which successfully meets the required asset and turnover condition.
• Investor Stream: Under the category, it is vital that you hold an investment in Australia bonds for a minimum of 4 years.