BSMQ Queensland


BSMQ Queensland


Eligibility criteria for the Subclass 491  Small Business Owners pathway has been updated by BSMQ. Updated BSMQ criteria requires you to:

·      have an occupation on HAs Legislative instrument (LIN 19/051)

·      have prior business experience (operating the business successfully for at least 6 months meets this criteria), qualifications to successfully run the business, or previous family-run business experience.

·      be on a visa that allows full-time work and operation of the business for a minimum of 35 hours per week

·      have purchased an existing business in regional Queensland (Note: not available for start-ups or home-based businesses, franchise businesses must have been operating for at least a year prior to purchase)

·      invested a minimum of $100,000 in the business prior to submitting an EOI

·      have 100% ownership of the business (partnerships or joint ventures not eligible)

·      be trading in the business for 6 months prior to application

·      employ one (1) employee who is an Australian resident working a minimum of 20 hours per week. Please note: an Australian resident for 491-SBO purposes is an Australian permanent resident, Australian citizen or New Zealand citizen on a subclass 444 Special Category visa.

·      provide evidence of sufficient settlement funds.



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