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Bus Visa 163 - query on taking money into Oz...??


Guest wayne&wanda

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Guest wayne&wanda

Hi wondered if anyone knows the answer to this one..

We are going to Oz on a Business 163 (Temp) visa, and part of the criteria is that when we apply for Perm Visa we take in £200K (or £250K cant remember and obviously varies with rates), my question is say we go over with £50K to live off and get us started does this qualify as part of the lump sum we need ??

Anyone know a little more info on this ??

thanks

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Hi W & W,

 

Don't take this as gospel but I believe the answer is yes, you can bring your capital into the country in a number of transactions. This is obviously helpful for people awaiting the sale of businesses and property in the UK and also partially mitigates the exchange control risk.

 

This was the case for my business visa 5 years ago but I was on a different class of visa and they may have made some changes, so please seek authoritative verification.

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