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1 Mar 2021

491- SBO (SMALL BUSINESS OWNER) PATHWAY

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491- SBO (SMALL BUSINESS OWNER) PATHWAY

From 1 April 2021 onwards;

  1. The pre-existing business purchased will need to have been in operation for 2 years instead of 1 year.
  2. There will also need to be a minimum purchase price of $100,000 (rather than total investment in the business).
  3. Furthermore, sub-leases of franchises (such as petrol stations), and home-based businesses (such as courier and cleaning businesses) will not be considered.

These requirements are aimed at ensuring the program is sustainable in the long-term.

Read more at :  https://migration.qld.gov.au/

In the meantime if you have any concerns and need clarifications regarding your travel plans or visa applications for Australia, always reach out to us on +94 117 586 000 / +94 76 336 9270 or inbox us from Monday – Friday / 9AM5PM (UTC/GMT +5:30 hours).


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