Please see below the responses to frequently asked questions about the 491 Small Business Owners Pathway.
You need to lodge an EOI and then an online 491-SBO Assessment form and submit it back to us by clicking on the submit button.
All applicants are required to sit an English language test as part of the migration process. However, passport holders and citizens of the United Kingdom, Canada, New Zealand, United States of America, or the Republic of Ireland are exempt, unless they wish to undertake an English test to gain extra points.
No, this pathway is only available to onshore applicants only.
Yes, Migration Queensland does not select EOI’s that choose the option of Any.
Yes. You can use the extra 15 points from state/territory nomination towards the overall points.
4124 to 4125, 4133, 4183 to 4184, 4207 to 4275, 4280 to 4287, 4306 to 4498, 4507, 4517 to 4519, 4550 to 4575, 4580 to 4895.
Yes. You need to have been living in a regional area for at least 6 months prior to lodging an EOI.
No. However you still must be living in an area considered regional for Queensland (see postcodes above at “What regional areas can I operate my business?”).
Yes. You can prove this by providing business BAS statements.
You need to purchase the business for a minimum of $100,000.
No. Your business does not need to be related to your nominated occupation, but you still must be able to show you have operated the business for 6-months prior to submitting an EOI.
- Application form
- Settlement funds declaration form
- Bank statement (personal)
- Skills assessment
- Commitment statement
- Evidence of business management
- Evidence of academic qualification
- Evidence of business ownership/registration documents (contract of sale and ABN/ACN/ASIC)
- Evidence of Australian resident employee (not a family member, or a subcontractor)
- Evidence business has been operating for 6 months (BAS statements)
- Utility bill or lease agreement
Note: It is recommended you seek professional legal and financial advice before making an investment or starting a business. Migration Queensland takes no responsibility in the event that your business or investment is not successful.
We will look at your business purchase contract of sale for businesses which have been bought after 1 April 2021. The minimum purchase price must be $100,000.
For businesses bought prior to 1 April 2021 we will look at your business purchase contract of sale and other capital investments made into the business over the six months following purchase/settlement of the business prior to submitting an EOI. The total investment amount over this period must be at least a minimum of $100,000.
No, it must be an pre-existing business. A start-up business is not an eligible business for this pathway.
There are some. The business cannot be a home-based business. All businesses must have been operating for 2 years prior to purchase. For franchises, an applicant must be a direct franchisee (ie. cannot sub-lease from an existing franchisee).
Yes, you need to employ a minimum of one Australian employee. They must be an Australian resident.(Note: An Australian resident for the purposes of the 491-SBO pathway is defined as an Australian permanent resident, Australian citizen or a New Zealand citizen usually residing in Australia on a Special Category Visa).
They also need to be working a minimum of 20 hours a week. They cannot be a family member.
No, it does not matter if the funds have come from offshore as long as you have purchased a business and you have been running it for 6 months before applying.
No, the person applying must be the one operating the business.
The current processing times is approximately 10 days from receipt of a completed application, unless otherwise stated. A complete application includes the processing fee, not just the documents.
You are given 14 days to submit your required documents to Migration Queensland. If you are unable to provide all your documents for processing within the 14 days, you need to contact your case officer and request an extension of time.
No, you have to upload document through the document portal link provided in the Invitation email. You can only upload one file per document option. If you want to upload multiple document’s then you will have to save the altogether as one file and upload together.
You will need to provide the last two BAS statements.
You need to show payslips, PAYG statements and their passport/VEVO.
You need to have 100% ownership in the business. It cannot be a partnership or a joint venture.
No – you must have 100% ownership of the business. The business must entirely be in your name.
The business must be a pre-existing business in a regional area and this also includes franchises. The franchise must have been operating for at least 2 years prior to purchase in a under the 491-SBO pathway.
All pre-existing businesses need to have been operating for at least 2 years prior to purchase of the business (including franchises).
Prior to 1 April 2021:
What can be included: purchase of the business (including stock purchased as part of initial contract of sale), capital investments (such as machinery, freezers, vans/delivery vehicles), and renovations.
What cannot be included: ongoing operating costs (such as rent, salaries, marketing and promotion costs, additional stock), and working capital (cash).
After 1 April 2021:
The minimum purchase price of the business must be $100,000. Other capital investments cannot be included.