Business migration
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The main Business migration Visas included: Business Talent(Permanent) Visa (subclass 132), Business Innovation and Investment(Provisional) Visa (subclass 188), Business Innovation and Investment(Permanent) Visa (subclass 888)


Business Talent (Permanent) Visa (subclass 132)

This is a permanent visa allows applicant to establish a newor develop an existing business in Australia. There are two types of them –Significant Business History Stream and Venture Capital Entrepreneur Stream.

Cost: AUD 7,290

Processing times:75%of applications need 21 months, 90% of applications need 22 months.

Eligibility:

1)     The applicant must be nominated by an AustralianState or Territory government agency and can only apply for this visa whenDepartment of Home Affairs invited.

2)     The applicant must have the required funding orassets.

3)     The applicant must be younger than 55 yearsof age, although a state or territory can waive this requirement if yourproposed business will be of exceptional economic benefit to the region whereit will operate.

4)     The applicant must have functional English(equal to 4.5 in IELTS, no lower than 4)


Significant Business History Stream

1)     The applicant must have an ownership interest inone or more qualifying businesses in which net value was at least AUD400,000,for the at least 2 of the 4 fiscal years before the applicants were invited toapply.

2)     The applicant’s net business and personal assetsmust be at least AUD1.5 million which is available for transfer to Australiawithin 2 years after the visa is granted.

3)     The total annual turnover of the applicant mustbe at least AUD3.0 million:

From at least 1 business and no more than 2businesses

For at least 2 of 4 fiscal yearsimmediately before the applicants was invited to apply for this visa

4)     The applicant’s ownership interest must be either:

51% or more of a business with turnover ofless than AUD400,000 per year

30% or more of a business with turnover ofmore than AUD400,000 per year, or

10% or more of a publicly listed company


Venture Capital Entrepreneur Stream

1)     The applicant must havea genuine and realistic commitment to: engage in business and maintain anownership interest in business or investment.

2)     The applicant’s must have received at least AUD1million in funding for a high-value business idea and a formal agreement withan Australian venture capital firm for the funding.

3)     The applicant must follow the terms of yourventure capital agreement after you enter Australia. The funding must be for:business development, product commercialisation or start-up cost.


Business Innovation and Investment (Provisional)Visa (subclass 188)

This visa allows the applicant to own and manage a businessin Australia, conduct business and investment activity in Australia orundertake an entrepreneurial activity in Australia, up to 4 years and 3 months.For this visa, there are 4 types: Business Innovation Stream, Investor Stream,Significant Investor Stream and   PremiumInvestor Stream.

Eligibility:

1)Theapplicant must be nominated by an Australian State or Territory government

2)Theapplicant must be under 55 when applying this visa.

3)Theapplicant must not have a history of involvement in unacceptable activities

4)Theapplicant must have functional English (equal to 4.5 in IELTS, no lower than 4)

5)     Meet the character requirement and healthrequirement

6)     Sign the Australian values statement

7)     Have no debt to the Australian government

8)     Not have has a visa cancelled or a previousapplication refused.


Business Innovation Stream

Cost: AUD 4,985

Eligibility:

1)     The applicant must be able to score 65 points ormore.

2)     the applicant must have business ownership stakein 1 or 2 businesses that had at least AUD500,000 turnover in each of those 2years for 2 out of 4 fiscal years immediately before receive an invitation toapply.

3)     The applicant must own at least:

51% of the total value of the business ifthe business has a turnover of less than AUD400,000 per year

30% of the total value of thebusiness   if the business has a turnover of AUD400,000 or more per years

10%   of the total value of thebusiness if the business is operated by a publicly listed company.

If the business provides professional,technical or trade services, the applicant must have spent less than half timeproviding those services, rather than general management of the business.

4)     When the applicant are invited to apply for thisvisa, the applicant, partners, or the applicants and partners combinedmust have total net business and personal assets of at least AUD800,000. Thefunds must be available to transfer to Australia within 2 years of granting thevisa.


Investor Stream

Cost: AUD 4,985

Eligibility:

1)     The applicant must be nominated by an AustralianState or Territory government agency before being invited to apply for thisvisa.

2)     The applicant must

§ Have managed investments of AUD1.5million or aqualifying business

For at least 1 of the 5 fiscal yearsimmediately before Department of Home Affairs invite the applicant to apply,have directly managed one of the following:

o   a qualifying business in which applicant, theapplicant’s partner or the applicant and the applicant’s partner combined hadat least 10% ownership interest, or

o   eligible investments owned by the applicant, theapplicant’s   partner or the applicant andthe applicant’s partner combined of at least AUD1.5 million

§ Have assets of AUD2.25 million

For the 2 fiscal years immediately beforeDepartment of Home Affairs invite the applicant to apply, the applicant, the applicant’spartner, or you and your partner together, have net business and personalassets of at least AUD2.25 million. These have been lawfully acquired and mustbe available for transfer to Australia within 2 years of the visa beinggranted.  

§ Make an investment of AUD1.5 million in yournominating State or Territory.

3)     The applicant must have at least 3 years'experience managing one or more qualifying businesses or eligible investments;have a successful record of eligible investment or qualifying businessactivity; have demonstrated a high level of management skill in relation to theeligible investment or qualifying business activity.

4)     Score at least 65 on the points test


Significant Investor Stream

Cost: AUD 7,310

Eligibility:

1)     The applicant must be nominated by an AustralianState or Territory government agency or the CEO of Austrade before beinginvited to apply for this visa.

2)     The applicant need to be able to invest at leastAUD5 million and have a genuine intention to hold that investment for at least4 year

o   At least AUD500,000 in venture capital andgrowth private equity funds which invest in start-ups and small privatecompanies

o   At least AUD1.5 million in approved managedfunds. The managed funds must invest in emerging companies listed on theAustralian Stock Exchange

o   A “balancing investment” of at least AUD3million in managed funds


Premium Investor Stream

Cost: AUD 8,770

Eligibility:

1)     The applicant must be nominated by the CEO ofAustrade before being invited to apply for this visa.

2)     The applicant must submit EOI firstly, if theCEO of Austrade accepts your EOI and nominates you, we will invite you toapply for this visa.

3)     The applicant must make a complying premiuminvestment of at least AUD15 million in any of the following options:

o   Australian securities exchange listed assets

o   Australian government or semi-government bondsor notes

o   Corporate bonds or notes issued by an Australianexchange listed entity (or wholly owned subsidiary of the Australian listedentity), investment grade rated Australian corporate bonds or notes rated by anAFS licenced credit rating agency

o   Australian proprietary limited companies thatoperate qualifying businesses (providing goods or services to the public with aprofit-making intention, and not passive or speculative in nature)

o   Real property in Australia excluding residentialproperty

o   Deferred annuities issued by Australianregistered life companies

o   State or territory government approvedphilanthropic contribution

4)     The applicant must have net assets of at leastAUD15 million


Entrepreneur stream

Cost: AUD 3,755

Eligibility:

1)     The applicant must submit EOI firstly, if theCEO of Austrade accepts your EOI and nominates you, we will invite you toapply for this visa.

2)     The applicant must have a complying entrepreneuractivity, which relate to an innovative idea that will lead to:

o   The commercialisation of a product orservice in Australia, or

o   The development of an enterprise or business inAustralia

3)     The applicant need to receive funding from anapproved entity

4)     The applicant must have competent English (equalto 6 in IELTS, no lower than 6)


   
   Business Innovation and Investment (Permanent) Visa (subclass 888)

Eligibility:

1)   The applicant must be nominated by an Australian State or Territory government

2)   The applicant must be under 55 when applying this visa.

3)   The applicant must not have a history of involvement in unacceptable activities

4)   The applicant must have functional English(equal to 4.5 in IELTS, no lower than 4)

5)   Meet the character requirement and health requirement

6)   Sign the Australian values statement

7)  Have no debt to the Australian government

8)  Not have has a visa cancelled or a previous application refused

9)   Have followed Australian laws


Business Innovation Stream

Cost: AUD 2,405

Eligibility:

1)   The applicant must have been  in Australia for at least 1 year in the 2 years immediately before you apply as the holderof a:

         o  Business Innovation and Investment (Provisional)Visa (subclass 188)

         o  Special Category Visa (subclass 444)

         o  In certain cases, a subclass 457 Visa

2)   The applicant must have a current nomination from a state or territory government agency.

3)   The applicant must own and manage a business in Australia

For the 2 years immediately before apply:

         o  The applicant need to had and continue to have,an ownership interest in up to two main businesses in Australia

         o  Had a direct and continuous management role in that business or businesses

         o  Submitted Business Activity Statements to the Australian Taxation Office

         o  An Australian Business Number for each of your main businesses

For the 24 months immediately before apply:

         o  51% of the total value of a business with a turnover of less than AUD 400,000 per year, or

         o  30% of the total value of a business with a turnover of AUD 400,000 or more per year, or

         o  10% of the total value of a business that is operated by a publicly listed company

4)   The applicant must have an annual business turnover of AUD 300,000

5)   Meet the assets and employees requirement

 For the 12 months immediately before apply:

         o  Assets of AUD 200,000 net value in your main business (or 2 main businesses) in Australia

         o  Personal and business assets in Australia of AUD600,000 net value

         o  Equivalent of at least 2 full-time eligible employees in your main business

For employee rule, the employees must be Australian citizens, Australian permanent residents, or holders of valid New Zealand passports and not be members of applicant’s family.


Investor Stream

Cost: AUD 2,405

Eligibility:

1)   The applicant must have Business Innovation and Investment(Provisional) Visa (subclass 188)

2)   The applicant must have held the AUD1.5 million investment for at least 4 years

3)   The applicant must have lived in Australia for at least 2 of the 4 years immediately before you apply.

Significant Investor Stream

Cost: AUD 2,405

Eligibility:

1)   The applicant must have Business Innovation and Investment (Provisional) Visa (subclass 188)

2)   The applicant must have held complying investment for the required period of time

3)   Meet the residence requirement


Premium Investor Stream

Cost: AUD 2,405

Eligibility:

1)  The applicant must have Business Innovation and Investment (Provisional) Visa (subclass 188) at least for 1 year

2)   The applicant must have held complying premium investment for the required period of time

Entrepreneur stream

Cost: AUD 2,405

Eligibility:

1)   The applicant must have Business Innovation and Investment (Provisional) Visa (subclass 188) at least for 4 years immediately before you apply.

2)   Have successful record of entrepreneurial activities (2 key success factors or 1 key success factor and 3 supporting success factors)

3)   The applicant must have lived in Australia for at least 2 of the 4 years immediately before you apply.


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