How much bank balance is required for a Subclass 491 visa?
There is no specific bank balance requirement to apply for a Subclass 491 visa. Instead, an applicant must demonstrate sufficient funds to support themselves and their family, including travel and living expenses, and shows that they are not a burden on Australian taxpayers. Australian Department doesn’t specify any fixed proof of funds for a Subclass 491 visa. Instead, demonstrating sufficient funds to cover your expenses in and outside the country is more of a specific requirement for the visa. An applicant can provide proof of adequate funds via:
- Bank Statement
- Pay slips of employment
- Audited accounts or tax records
A subclass 491 visa is a provisional visa for skilled workers to stay in Australia for five years in a designated regional area. Skilled workers can apply for Permanent residencies in Australia after residing for three continuous years in the country from the time the visa is granted.
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Eligibility Criteria to apply for Subclass 491 visa
To apply for a Subclass 491 visa, an applicant must fulfill the eligibility to apply for Subclass 491 visa:
- Aged under 45 years
- Valid skills assessment in a relevant occupation
- Meet the point test requirement (at least 65 points)
- Competent English Language proficiency
- Be invited and nominated by the state or territory government
- Satisfy the health and character requirement
- Clear debts to the Australian government (if any)
- State or territory nomination/sponsorship
Requirements to apply for Subclass 491 visa
To apply for the Australia Skilled Work regional visa, an applicant must fulfill the requirements:
- Valid passport
- Proof of relationship
- Skill assessment documents
- Language proficiency in English
- Sponsorship documentation
- Proof of age
- Positive skill assessment
- Score 65 points
Processing fees of Subclass 491 visa
The Skilled Work Regional Provisional visa has a based application fee of AUD 4,770 for the primary application, with additional fees for each family member included in the application. Below are the detailed breakdowns of the fees:
- Primary Applicant: AUD 4,770
- Additional Adult Applicant (18 years and above): AUD 2,385
- Dependent Child (under 18 years): AUD 1,190
- Second Instalment Charge (for some family members above 18 with less than functional English): AUD 4,890
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