This visa is intended for applicants who have had a successful background as Senior Executives employees in large overseas businesses, who have significant assets and a genuine and realistic commitment to participate in the management of a new or established business in Australia. This business visa will allow the holder to establish or purchase a business in Australia.
The requirements of the subclass 164 State sponsored Senior Executive visa are that an applicant must:-
- be less than 55 years or propose to participate in a business activity which will be of exceptional economic benefit to the State
- For 2 out of the last 4 financial years, have occupied a position in the top 3 levels of management in a business with annual turnover of at least A$10,000,000
- net asset level is at least A$250,000 plus an additional amount for your settlement costs in Australia
- State sponsorship approval (based on proposing to own and operate a suitable Australian business)
This visa recognizes that experienced senior executives do have the skills and background to go on to own and operate a successful business in their own right.
Kind regards,
Mege Dalton
Australian Registered Migration Agent (MARN 0501113)
Australian Business Visa Specialist
BUSINESS VISAS AUSTRALIA
Query about extend the visa..
I have 164 visa and it’s already past 3years. And Business is not started yet.
Because my parents are not well, I have to care them.
Well, Is that able to extend the visa?
or Can I apply same visa again?
sir,
what amount minimum investment in 164 in south australia, for my family migration