Business Innovation and Investment (Provisional) visa
This temporary visa is part of the Business Innovation and Investment Programme that encourages business people to establish a new or develop an existing business and invest in Australia. It is valid for four years and three months.
You must be younger than 55 years of age.
You must submit an Expression of Interest (EOI) and be nominated by a state or territory government or Austrade on behalf of the Australian Government before being invited to apply for this visa. In addition, you must have a genuine intention to live in the State or Territory whose government agency nominates you.
You can apply for a permanent Business Innovation and Investment (Permanent) visa if specific requirements are met.
There are four eligible streams:
Business Innovation stream
This stream is for people with business skills who want to establish, develop and manage a new or existing business in Australia.
You must have owned a business in your country with a turnover of AUD750,000 for at least 2 of the last 4 fiscal years and pass at least 65 points on the points test.
You, your partner, or you and your partner together, have total net business and personal assets of at least AUD1,250,000.
You can extend the visa for up to 5 years
This stream is for people who want to make a designated investment of at least AUD2.5 million in an Australian state or territory and maintain business and investment activity in Australia.
Must have 3 years of experience either managing a qualifying business or eligible investments.
You must score at least 65 on the points test.
You must have a net business, investment and personal assets of at least AUD2.5 million for the last 2 fiscal years before applying for the visa.
Significant Investor stream
This stream is for people willing to invest at least AUD5 million to comply with significant investments in Australia and maintain business and investment activity in Australia.
You have a genuine intention to hold that investment for at least four years.
You can extend the visa for up to 5 years.
You must be endorsed by your nominating State or Territory government agency to develop your entrepreneurial concepts.
You must undertake or propose to undertake a complying entrepreneur activity in Australia
You can stay in Australia for up to 5 years
Business Innovation and Investment (Permanent) visa
This permanent residence visa is the second stage of the Business Innovation and Investment (Provisional) visa
You can apply for it after you have demonstrated an overall successful record of undertaking entrepreneurial activities in Australia while holding the provisional visa
You must be nominated by a state, territory, or the Australian Government.
Please complete an obligation free online assessment or book a consultation with our experienced migration agents.