The State/Territory Sponsored Business Visa is commonly used in Australia. It is meant to attract business people who want to invest in Australia and assist in developing the Australian economy. This type of visa allows the businessman or businesswoman to stay in Australia permanently for the purpose of operating an existing or new business there.

The sponsored businessman or businesswoman must be sponsored by a regional authority of a state or a territory. For example, one’s country can sponsor one’s business in Australia.  

Any person whose business is sponsored in Australia can work and travel as much as he or she wants either in or outside Australia as long as the sponsored business visa is valid. The sponsored business holder can study in Australia and the family or dependents can also accompany him or her and they will have the right to work and study in Australia. The State/Territory Sponsored Business Visa holder becomes a permanent resident of Australia. As a State/Territory Sponsored Business Visa holder, one will be provided with medical expenses and hospital care though the Medicare scheme.

Another benefit enjoyed by the State/Territory Sponsored Business Visa holder is the special benefit package that is normally given if the holder suffers from a substantial change in circumstances that is beyond his or her control.

A State/Territory Sponsored Business Visa holder not only enjoys benefits, but there are also certain things expected of him or her by the Australian government. The holder and the family must abide by the Australian laws as permanent residents. The Australian government has put tight measures on this type of visa application that most people from a developing country cannot afford.