Senior Executive (Provisional) Visa

Australia, the continent country is not only famous for its status as a biodiversity hotspot but also for its investor friendly atmosphere and cordial population. With an economy of US$ 1.23 trillion, Australia is the 13th largest economy and one of the fastest growing nations in the world. Not to miss that the country ranks 15th in terms of business freedom in the international arena!

The procedures for starting a business are very relaxed. It also provides one of the best banking services for its citizens as four of the nine "AAA" rated banks are located in Australia. Low tariff and tax rates are other business friendly credentials. When it comes to living standard, Australia is home to one of the most amiable citizenry. The country was ranked second in the United Nations Human Development Index of 2010 and The Economist ranked it sixth in its worldwide quality of life index of 2005. The Senior Executive (Provisional) Visa is provided by the country to overseas businessmen who are interested to set up their company and live in Australia.

Requisites

The various prerequisites under this visa program are:

a) Applicant must not exceed 45 years of age.

b) The applicant must have served a major business by holding any of the 3 top positions of the management structure.

c) The applicant must provide details of having a clean business record.

d) The applicant should possess assets worth AUD 1, 00,000 in order to settle in Australia.

e) The applicant with or without his/her partner should have total net assets worth AUD 8, 00,000 and should be capable of transferring it to Australia within two years after obtaining the visa.

f) The applicant must undergo health examination to meet the health standards of Australia.

g) The applicant must provide penal clearance certificate in order to prove their good character.

h) The applicant must notify the appropriate regional authority of the state in which he/she is hoping to make an investment.

i) The applicant must possess a successful business career.

j) The applicant must sign the Australian value statement thus proclaiming to confirm to the Australian way of life and its law procedures.

k) Provide proof of language proficiency either by:

• Undertaking the International English Language Testing System (IELTS) and achieving an individual score of 5 or more in every aspect of that exam, or

• Holding a NAATI accredition.

The visa provided under Senior Executive (Provisional) Visa category is temporary in nature having a validity of four years. The applicant is eligible of converting this into a permanent Business Skills Visa only after completing all the obligations and additional requirements under this program. It may take more than two years to accomplish all the requirements concerning the visa program. If found eligible then the applicant can apply for either as a Business Owner or as a State Sponsored Business Owner for permanent residency in Australia. The Senior Executive (Provisional) Visa program enables the applicant to take his/her family and other dependents to Australia but does not cover them under several Federal programs like Medicare and social security.

Abhinav - About Author:
ABHINAV Immigration is the World's leading Immigration and visa Consultation Company since its inception in 1994. Abhinav is engaged in providing professional assistance to immigrants and visa applicants applying for work permits, residence permit or Australian Visa.

Article Source:
http://www.articleside.com/business-articles/senior-executive-provisional-visa.htm

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