The following link outlines the requirements for the visa.
Prior to submitting the visa application it will be necessary to obtain NSW State Sponsorship:
http://www.business.nsw.gov.au/__data/assets/pdf_file/0016/6280/132-criteria-1-Oct-2011.pdf
In demonstrating that the attached requirements are met the following documents will need to be provided:
1. Overview of your business career and intentions in Australia.
- Provide details if any of your businesses have operated at a loss or is/has been subject to insolvency, receivership or liquidation
2. Evidence of business ownership:
business registration certificate or licence
3. evidence of share of ownership. This may include:
evidence of purchase
share registers/ company registers/ share transfer documents
historical company extracts
annual returns of directors and shareholders
partnership/trust/franchise agreements.
4. Evidence that you have participated in the day to day management of the business for two of the four fiscal years prior to application, which may include:
a. business contracts
b. minutes of meetings
c. documents initiated or authorised.
Evidence needs to demonstrate involvement in decisions about the management of the whole or substantial part of the business and responsibility for such areas as strategic management, recruitment, price structure, business profitability, expenditure.
Extracts from financial statements for your business, prepared by an independent accountant to International Accounting Standards, including balance sheet, profit and loss statement and notes to the accounts. Financial statements must be provided for two of the four fiscal years prior to application
5. Other business documents:
a. One page organizational chart showing your position in the business, staff attribution, management lines and functional responsibilities.
6. Photos of business premises and business activities (maximum six photos).
7. Net Assets of you and/or your Partner (Spouse or De Facto) Available for Transfer Within Two Years of Grant
A one page summary statement outlining all assets and liabilities on a single day in the three months preceding your application
a. Evidence of ownership and value of assets (minimum $1 500 000 of assets, excluding liabilities, must be demonstrated).
b. You must include evidence of liabilities (if any) against each asset (for example mortgages, loans including unsecured and third party loans, and credit cards).
c. If you wish to include assets held by a trust, you must include a copy of the trust deeds.
- For cash assets:
d. bank statements, on a single day in the three months preceding your application. All bank statements must have the same date of issue.
- For real estate assets:
evidence of ownership (title deeds)
evidence of value (valuation certificate by an accredited property valuer). Note: Valuations by real estate agents who are not accredited property valuers are generally not acceptable.
- For business net assets:
evidence of ownership and value as outlined at Business Documents (b) and (c). Cross reference folios where applicable).
- For personal or business loans:
loan agreements, loan statements indicating amount borrowed and repayment schedule, listed in business balance sheet (if loan to/from a business).
- For stocks and bonds:
share or bond registers, share/fixed interest securities/debentures certificates, transfer certificates.
8. Other items as listed on the NSW State sponsorship requirements
For more information contact us.
Australian Visa Experts.
