Australia has always provided a low-risk and safe environment to enable sustained business growth.
With excellent education system, world-class universities and specialised training services, the country creates talented & skilled graduates to contribute positively to its economy.
International organisations in the country are also given many opportunities to collaborate with Australian research institutions or initiate joint ventures to take business to the global market.
Australian Business Innovation & Investment Subclass 188 visas for those business owners and investors who want to established existing business in Australia.
The Business Innovation and Investment visa (Subclass 188) is a temporary visa for applicants who want to own or manage a new or existing business in Australia. It also serves as a first step towards being eligible for a permanent Business Skills visa.
To be eligible for 188 visa, you must:
- Be under 55 years of age.
- Be nominated by Australian state or territory government.
- Submit an Expression of Interest and be invited to apply from Department of Home Affairs.
- Have health examinations done within 12 months of applying for the visa.
- Have police certificate from each country lived in for 12 months or more of past 10 years to demonstrate character history.
- Sign an Australian Values Statement (if the age is 18 or older).
- Be free from any outstanding debts to the Australian government.
To be eligible for 188 visa under the business innovation stream, you must:
- Have age less than 55 years
- Scored at least 65 on the point test
- Have a genuine desire to undertake a management role in a business in Australia
- Have total net business and personal assets of at least AUD 800,000 available for legal transfer to Australia
Have had ownership interest in an established business or business with AUD500000 turnover for at least 2 out of the 4 fiscal years (at the time of invitation to apply for visa) - Own at least either of the following percentage of nominated main business:
- 51% if the business has a turnover of less than AUD 400,000 per year
- 30% if the business has a turnover of AUD 400,000 or more
- 10% if the business is a publicly listed company
- Maintain a substantial ownership interest into an Australian business.
- Take charge, at senior level, in daily management and decision making of business.
Must be responsible for any of the following things:
- Introducing new or enhanced technology.
- Maintain employment in Australia.
- Develop associations with international markets.
- Export Australian goods.
- Produce goods or services.
- Make contribution in commercial activity or competitiveness within the Australian economy.
You can also extend your stay for another 2 years under the business innovation extension stream. However, you must:
- Hold a visa in the Business Innovation stream for at least 3 years.
- Be able to demonstrate the need to extend your stay in Australia to operate a business.
- Have a current nomination from a state or territory government agency.
- Have actively maintained an ownership interest in the nominated business for at least 2 years.
- Fulfilled commitment of being directly involved in regular management and decision-making of the business.
Seeking comprehensive assessment of your eligibility to apply for the visa under this stream, give us a buzz today to know the best way of proceeding with your application.
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
To be eligible to apply for 188 visa, under the entrepreneur stream, you must have:
- Age less than 55 years (unless your complying entrepreneur activity is of exceptional economic benefit to the nominating state or territory).
- Evidence of competent English at the time of invitation for visa.
- A genuine intention of undertaking a complying entrepreneur activity in Australia.
- Your complying entrepreneur activity must not be related to residential real estate, labour hire or purchasing an existing enterprise or a franchise in Australia.
- One or more legally enforceable agreement of funding worth at least AUD 200,000 from any of the following entities
- Publicly Funded Research Organisation.
- State or Territory Government.
- Commonwealth Government Agency.
- Registered investor with Early State Venture Capital Limited Partnership or an Australian Venture Capital Limited Partnership.
- Specified Higher Education Provider.
- An agreement demonstrating of paying at least 10% funds to the entrepreneurial entity within 12 months of activity undertaken in Australia.
- At least 30% of interest in entrepreneurial entity at the time of entering into the agreement.
- A valid plan or innovative idea of leading commercialisation of a product or service or the development of enterprise in Australia.
- Maintain an ongoing relationship with the nominating state or territory government.
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
You must be genuinely committed to:
- Stay in the nominated state or territory.
- Maintain your business and investment activity in Australia even after the validity of your provisional visa is expired.
- You, your partner or both have net assets of at least AUD5 million that are acquired legally and available for use to make the complying investment in Australia.
- You must not have been associated or involved in deplorable business or investment activities.
- You and all the dependent members of your family unit (above years 18 age) must provide assurance of not plunging into any action against the Commonwealth in case any loss happens concerning to the complying investment.
- All the income earned from the complying investment in Australia must be subjected to tax under Australian taxation law.
- Your complying investment or a complying significant investment must be of at least AUD 5 million over four years.
- Your complying significant investment should be in the following proportions:
- At least AUD500, 000 in venture capital and growth private equity funds, which make investment in start-ups and small private companies.
- At least AUD1.5 million in approved managed funds that invest in emerging companies listed on the Australian Stock Exchange.
- At least AUD3 million in managed funds that invest in a range of assets including ASX listed companies or Australian corporate bonds, commercial real estate and annuities.
Note: Investment must not be used as security or collateral for a loan. Also, there should not be direct investment in residential real estate and the indirect investment through managed funds in the same should be in a limited amount.
- Hold a visa in the significant investor stream for at least 3 years or Not have held more than one visa in the significant investor stream
- Be nominated by a state or territory agency.
- Be genuinely intended to live in the nominated state or territory.
- Have maintained the complying investment or complying significant investment consistently in compliance with the investment framework.
- You and all the dependant family members (aged 18 years or above) must sign Form 1412 that acknowledges of undertaking responsibility for financial and legal affairs and not incur any liability to the Australian government.
- You must also ensure that the company was operating a qualifying business for the entire duration in case the period of direct involvement was less than 2 years. If that period is more than 2 years, you must ensure that the company possessed a qualifying business for at least 2 years.
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
The premium investor stream is followed by the nomination of Australian Trade and Investment Commission or Austrade on behalf of the Australian government only.
To be eligible for 188 visa under this stream, You must make a complying investment of at least AUD15 million in any of the following options:
- Australian government or semi-government bond or notes
- Australian proprietary limited companies
Possess a high level of management skills to undertake a qualifying business activity - Australian securities exchange listed assets
- State or territory approved philanthropic contribution
- Deferred annuities issued by Australian registered life companies
- Australian exchange listed entity issued corporate bonds or the investment grated rated bonds by an AFS licensed debt rating agency
- All the income earned from the complying investment in
- Australia must be subjected to tax under Australian taxation law
- You must have a genuine intention to continue business and investment activity in Australia after the validity of your 188 visa expires.
- You, your partner or both combined must have a combined net assets of at least AUD15 million that are lawfully acquired and available to use to make the complying investment in Australia
- You and your partner must not have found in unacceptable business or investment activities
- You and your partner along with the dependant family members (aged 18) must provide assurance of not bringing any action against the Commonwealth for any loss with reference to the complying investment
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
To be eligible to apply for 188 visa, under the entrepreneur stream, you must have:
- Age less than 55 years (unless your complying entrepreneur activity is of exceptional economic benefit to the nominating state or territory)
- Evidence of competent English at the time of invitation for visa
- A genuine intention of undertaking a complying entrepreneur activity in Australia
- Your complying entrepreneur activity must not be related to residential real estate, labour hire or purchasing an existing enterprise or a franchise in Australia
- One or more legally enforceable agreement of funding worth at least AUD 200,000 from any of the following entities
- Publicly Funded Research Organisation
- State or Territory Government
- Commonwealth Government Agency
- Registered investor with Early State Venture Capital Limited Partnership or an Australian Venture Capital Limited Partnership
- Specified Higher Education Provider
- An agreement demonstrating of paying at least 10% funds to the entrepreneurial entity within 12 months of activity undertaken in Australia
- At least 30% of interest in entrepreneurial entity at the time of entering into the agreement
- A valid plan or innovative idea of leading commercialisation of a product or service or the development of enterprise in Australia
- Maintain an ongoing relationship with the nominating state or territory government
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
- Travel In And Out Of Australia Till The Visa Is Valid.
- Bring Eligible Family Members To Australia.
- Be Eligible For Permanent Residency By Applying For A Business Innovation and Investment (Permanent) Visa (Subclass 888).
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
The Business Innovation and Investment (subclass 888) is a permanent residency visa for those who hold a four-year provisional subclass 188 visa and looking to continue to own and manage a business or an investment activity in Australia and Australian state or territory respectively.
Additional Requirements:
- Hold a fine record of abiding by the laws of Commonwealth along with state or territory in which you operated a business or entrepreneurial activity.
- Nomination by the Australian state or territory or by Austrade on behalf of the Australian government.
- Evidence of meeting the health and character requirements for 188 visa.
- Genuine commitment to maintain business or investment activity in Australia.
- Met all the requirements of the stream in which you held your 188 visa.
- Must be free from any outstanding debts to the Australian government (this also applies to all the members of family unit).
- You must enter in Australia by a specified date once you are granted this visa.
- Any family member included as dependent in the application must not marry or be in a de facto relationship before entering in Australia.
To apply for 888 visa under this stream, you must:
- Hold a business innovation and investment visa (subclass 188) in the business innovation or business innovation extension stream OR.
- Hold a special category visa (subclass 444) for at least 1 of 2 years prior to making an application.
- Be able to demonstrate ongoing business involvement, meet certain financial requirements and a history of employing Australian workers.
To apply for 888 visa under this stream, you must:
- Have held 188 visa in the investor for at least 2 of the 4 years prior making to application.
- Have maintained a designated investment with an Australian state or territory for at least 4 years.
Note: If you have applied for 188 visa before 1 July 2015, you can only apply for 888 visa under this stream once you have completed 3 years on your 188 visa.
If you have applied for 188 visa after 1 July 2015, you are required to hold your visa for at least 4 years prior lodging an application for 888 visa.
To apply for 888 visa under this stream, you must:
- Have held 188 visa in the significant investor stream or significant investor extension stream.
- Held complying investment consistently for at least 4 years on your 188 visa.
- Operated a qualifying business under the private Australian company.
Note: If you have applied for 188 visa in the significant investor stream before 1 July 2015, you must have held your visa for 3 years and 11 months to be eligible to apply for 888 visa. If you have applied after 1 July 2015, you are required to have held your 188 visa for at least 4 years.
To apply for 888 visa under this stream, you must:
- Held 188 visa in the premium investor stream for at least 1 year and be nominated by the commonwealth government
- Held complying premium investment continuously for at least 1 year
This visa lets skilled workers, who are nominated by an employer, live and work in Australia permanently.
To apply for 888 visa under this stream, you must:
- Have held your provisional 188 visa in the entrepreneur stream for at least 4 years prior making an application
- Have evidence that demonstrate a successful record of your entrepreneurial activities in Australia
Need assistance to check your eligibility for the visa or want us to help you proceed with the application, book your consultation today!
- Live, Study And Work For An Indefinite Period
- Enrol In Medicare (Australia’s Program For Health Coverage).
- Apply For Australian Citizenship (After Meeting A Certain Criteria).
- Sponsor Eligible Relatives For Permanent Residency.
- Leave And Re-Enter Australia From The Date Visa Is Granted (After 5 Years On Your Permanent Residency Visa You Need To Apply For Resident Return Visa To Extend Your Travel Facility).
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Australia Business Talent Visa is a permanent residency visa for those people who want to establish or starting a new or existing business in Australia.
The Business Talent Visa (Subclass 132) is a permanent resident visa for those who are willing to establish or develop a new or existing business in Australia. It requires the applicants to have sufficient funds and genuine intention to reside in a particular Australian state or territory.
To be eligible for 132 visa, applicant must:
- Be nominated by a state or territory government.
- Submit an Expression of Interest through Skill Select and be invited to apply.
- Meet health and character requirements (including the dependent family members).
- Meet the additional requirements of the stream applied.
You must be genuinely committed to:
- Stay in the nominated state or territory
- Maintain your business and investment activity in Australia even after the validity of your provisional visa is expired
- You, your partner or both have net assets of at least AUD5 million that are acquired legally and available for use to make the complying investment in Australia
- You must not have been associated or involved in deplorable business or investment activities
- You and all the dependent members of your family unit (above years 18 age) must provide assurance of not plunging into any action against the Commonwealth in case any loss happens concerning to the complying investment
- All the income earned from the complying investment in Australia must be subjected to tax under Australian taxation law
- Your complying investment or a complying significant investment must be of at least AUD 5 million over four years
- Your complying significant investment should be in the following proportions:
- At least AUD500, 000 in venture capital and growth private equity funds, which make investment in start-ups and small private companies
- At least AUD1.5 million in approved managed funds that invest in emerging companies listed on the Australian Stock Exchange
- At least AUD3 million in managed funds that invest in a range of assets including ASX listed companies or Australian corporate bonds, commercial real estate and annuities
Note: Investment must not be used as security or collateral for a loan. Also, there should not be direct investment in residential real estate and the indirect investment through managed funds in the same should be in a limited amount.
- Hold a visa in the significant investor stream for at least 3 years or Not have held more than one visa in the significant investor stream
- Be nominated by a state or territory agency
- Be genuinely intended to live in the nominated state or territory
- Have maintained the complying investment or complying significant investment consistently in compliance with the investment framework
- You and all the dependant family members (aged 18 years or above) must sign Form 1412 that acknowledges of undertaking responsibility for financial and legal affairs and not incur any liability to the Australian government
- You must also ensure that the company was operating a qualifying business for the entire duration in case the period of direct involvement was less than 2 years. If that period is more than 2 years, you must ensure that the company possessed a qualifying business for at least 2 years.
- Less than 55 years of age
- Must have at least $1 million in funding from an Australian Venture Capital Firm
- The venture must be a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL)
- Must have formal agreement with the venture capital firm for the funding
- Must be genuinely involved in maintaining an ownership interest and engagement in business.
- Meet the requirements of your venture capital agreement.
- Study, Work And Live In Australia For An Indefinite Period.
- Get Health Coverage Through Medicare (Australia’s Scheme For Health-Related Care And Expenses).
- Apply For Australian Citizenship (After Fulfilling The Certain Criteria).
- Sponsor Eligible Relatives For Permanent Residence.
- Leave And Re-Enter Australia Five Years From The Date The Visa Is Granted.
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $750
Processing Time: Relatively quick
Preferred Industries:
- Commit a significant amount of new capital investment;
- Generate skilled employment or a large number of new jobs;
- Develop export markets or replace imports;
- Introduce new skills, expertise, technologies or innovations;
- Locate the business activity in a regional area; and
- Have a significant flow on effect to other sectors of the economy
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $500-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)
Fees: $550-$750
Processing Time: Relatively quick
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: $820-$1270 + GST
Processing Time: 1-4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: No Fees
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Small scale property development
- Small scale freight forwarding and warehousing
- Commodity and scrap metal export
- Passive investment
Fees: $600-$1100
Processing Time: 4 Weeks
Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
Fees: No Fees
Processing Time: Relatively quick, but must meet with Migration Tasmania first
Preferred Industries:
- Aquacultural
- Agricultural
- Minerals and Mining Industry
- Forestry and Timber
- Antarctic and Marine Science
- Information and Communications Technology
- Creative Industry
Restricted Industries:
- Residential estate
- Labour Hire
- Purchasing of existing business or franchise
