How to Apply for a 491 Small Business Visa for Your Dream Business
If you have always dreamt of owning a business in Australia, the good news is that you can now apply for a 491 small business visa. This visa allows you to establish a new or buy an existing business in a designated regional area of Australia.
In this article, we will take you through the process of applying for a 491 small business visa, including eligibility requirements, application process, and the benefits of holding this particular visa.
1. Eligibility Requirements
To apply for a 491 small business visa, you must meet the following eligibility criteria:
– You must be under 45 years of age
– You must have a minimum of 65 points on the Australian Points Test
– You must have an occupation that is listed on the Skilled Occupation List
– You must provide evidence of sufficient funds to support yourself and any accompanying family members
– You must be willing to live, work and study only in a designated regional area of Australia
2. Application Process
The application process for a 491 small business visa includes the following steps:
– You must submit an Expression of Interest (EOI) through the SkillSelect system
– You must receive a nomination from a State or Territory government agency
– You must apply for the visa within 60 days of receiving the nomination
– You must provide all necessary documentation, including proof of your business experience and qualifications
3. Benefits of Holding a 491 Small Business Visa
There are several advantages to holding a 491 small business visa, including:
– You can establish a new business or buy an existing one in a regional area of Australia
– You and your family members can live, work and study in a designated regional area of Australia for up to 5 years
– You can apply for permanent residency after 3 years in Australia on a 491 small business visa
– You can access healthcare and social security benefits in Australia
4. Examples of Successful Business Visa Applicants
To give you an idea of how others have successfully applied for a 491 small business visa, here are two examples:
– John, a 35-year-old businessman from the Philippines, applied for a 491 small business visa after selling his successful business in his home country. He received a nomination from the New South Wales State government and started a new business selling Filipino food in Newcastle, New South Wales.
– Maria, a 42-year-old hairdresser from Brazil, applied for a 491 small business visa after completing a two-year Diploma of Hairdressing in Australia. She received a nomination from the South Australian State government and bought an existing salon in Port Adelaide, South Australia.
Conclusion
The 491 small business visa offers a fantastic opportunity for those who want to establish or buy a business in Australia while enjoying a regional lifestyle. If you meet the eligibility requirements and are willing to put in the effort, this visa could be the key to achieving your business dreams.
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