Australia Business - Senior Executive (Provisional)
161 - Senior Executive (Provisional)
Senior Executive (Provisional) is for senior executive employees of major overseas businesses who have been responsible for strategic policy development affecting a major component or a wide range of operations of that business, who have significant net assets and a genuine and realistic commitment to participate as a principal in the management of a new or existing business.
After you have held a Senior Executive (Provisional) visa you may apply for the following permanent residency visas providing you meet the criteria;
There is no points test for this visa.
Main Criteria
- - You must be less than 45 years old at time of application
You must have:
- - vocational level English
- - an overall successful business career
- - be employed in one of the top 3 management levels of a major business (annual turnover of at least A$50 million for 2 of the last 4 fiscal years)
- - significant business and personal assets (A$500,000)
- - sufficient net assets to settle in Australia
- - have no history of unacceptable business activities
You must also show that you have a realistic commitment to either establish a business in Australia or to participate in an existing business in Australia. You must show that you intend to maintain a substantial ownership interest in that business and to maintain direct and continuous involvement in management of that business.