491- Visa Pathway for Small Business in Regional QLD

Regional QLD has offered a subclass 491 for migrants to operate a small business in regional QLD. Applicants need to have full work rights while operating the business. The eligibility criteria for this visa subclass is as follows: 

  • Have total points of 65 or higher
  • Be under 45 years of age
  • Positive skill assessment from the nominated occupation
  • Occupation listed on the LIN 19/051 occupation list
  • Proof of Competent English
  • Have prior operating business experience of at least six months or suitable qualifications or previous family run business experience
  • Have a visa with full work rights
  • Contribute to the operating of business for at least a minimum of 35 hours per week
  • Have purchased an existing business in QLD which has been trading for at least six months prior to the application
  • Have a minimum investment of AUD 100,000 in the business before submitting the EOI
  • Have 100% ownership in the business
  • Employ at least one Australian resident working for a minimum of 20 hours per week

 Application Process: 

  • Once you meet the requirements of the visa, apply an EOI through Skill Select
  • Submit the 491_SBO assessment form
  • If successful, QLD will send an invitation to provide the BSMQ required Documents.
  • Documents and the non--refundable application fee of $440 needs to be paid within 14 days
  • Once approved, the visa application needs to be lodged within 60 days

Reference: BSMQ – Australia 27/11/2020