Yet more restrictions on the number of options for wannabe Aussies with the Australian business visa program (under the Skills Stream) being capped until the start of the next financial year, 01 July 2009.
The Australian business visa program allows investors and senior executives to settle in Australia so that they may develop opportunities in Australian business.
The Australian Government provides two options for emigrating to Australia through the business skills stream.
These include the Provisional Business visa, which can result in a permanent Australian visa, and the Permanent Residence Business visa, for those sponsored by a State/Territory.
Four types of people can apply for an Australian business visa in the Skills Stream, including owners/part-owners of a business, senior executives of major businesses, investors, and senior managers who have sponsorship from a State/Territory government.
In response to the current economic conditions, the Government assessed the number of people emigrating to Australia through the Australian business visa program and how that matched with the planning levels for Australian General Skilled Migration, and has decided to cap this financial year’s business skills visas.
This means that until 01 July 2009, no more than 6,650 offshore Australian business skills visas (class EA and UR) can be approved by the Government and an overall limit of 7,500 places for both onshore and offshore business skills visas.