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Travelling from one country, or more precisely, migrating from one country to another has become quite popular in recent times. This is mostly done to settle down overseas. Entering a foreign territory requires quite many rules to be abided by, along with some documents making the entrant eligible to enter the territory. Visa is one such document. A valid Visa enables a person to legally enter a particular territory and the entry, of course, needs to be validated by an immigration official. This is what a Provisional Visa does. Entry in a country is the most basic step, after which a person can look forward to settle down and try to earn a living. One can apply for permanent citizenship in the country of his or her choice to settle down. Earning a living in foreign shores is a bit difficult, especially when someone wants to have a business of his own. Australia asks for a Business Owner (Residence) Visa to allow people of other shores to run their business in the country, thereby fostering the nation’s economic development. A Business Owner Visa allows a person to stay in Australia and work in any existing or new business there. As every kind of visas requires some sort of eligibility to be fulfilled, with the Business Owner (Residence) Visa being no different. Business Owner (Residence) Visa Eligibility The applicant should hold one of the Provisional Visa. And this includes Provisional Business Owner visa, Senior Executive visa, and Investor Visa etc. Direct management of the applicant for two years is required in the main business with which he is attached before applying. Owning a certain part of the business, depending upon the turnover of the business, is also required. The net assets of the main business in the country should be at least 100000 in Australian Dollars all through the 12 months, before applying for the visa. The net value of the personal assets should be 250000 Australian Dollars. The turnover of the business needs to be worth 300000 Australian Dollars in the immediate 12, before the filing of the application. At least two full time employees should be employed by the current business, and the employees should be citizens of Australia, permanent residents of the country, passport holders of New Zealand, and not belonging to the family of the applicant. Involvement with illegal practices is a strict no-no. The applicant should be in the country for at least for one year before applying. Fulfilling the set of eligibility conditions is strictly desirable in Australia. Moreover, mere fulfillment of these conditions does not guarantee one with a Business Owner (Residence) Visa. In addition to it, one needs to abide by the rules and regulations of the country. Moreover Canberra holds the right to cancel any visa issued at any time. ABHINAV is world’s leading immigration and visa consultation consultancy, which has been in operation since in 1994. If you are planning to apply for Australia Visa with the purpose of obtaining PR in the country, then contact the immigration experts of Abhinav, who will make your immigration a successful event. In case you are thinking of Denmark Visa, the experts are there to guide you as well.
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