Queensland’s 491 – Small Business Owners pathway: Changes You Need to Know About

Image

Queensland’s 491 – Small Business Owners pathway: Changes You Need to Know About


If you are currently living and operating a small business in a regional area in Queensland, there are some changes to the 491 – Small Business Owners pathway you should take note of.

From 1 April 2021 the pre-existing business purchased will need to have been in operation for 2 years. Prior to this date, the requirement was only 1 year.

Moreover, there needs to be a minimum purchase price of $100,000. Before 1 April 2021, the total investment in the business needed to be $100,000.

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.

Businesses that were purchased prior to 1 April 2021 are not subject to these requirements.

 

Let the experts at This is Australia guide you through the complexities of the Migration field. Contact us today or call our Gold Coast office on +61 (0)7 5592 0755.

Call +61 (0)7 5592 0755
Or book an appointment with one of our registered migration agents.

Protected by reCAPTCHA Privacy and Terms.

Recent posts

Share this post:

Read more in 
We strive to keep abreast of the all the latest news and goings on in the complex world of migration. For regular updates and to be part of the community, don’t forget to like our Facebook Page.