Significant Business History Stream
This is a permanent visa stream that is assessed against the applicant’s previous business management historyRequirements for Visa Application:
- Must be nominated by a State or Territory
- Must be 55 years old or less
- Successful business management history
- Net business asset of over $400,000/ if publicly listed company, have at least 10% of ownership
- Business annual turnover of at least $3,000,000
- Personal net asset of at least $1,500,000
- Genuine commitment of establishing a qualifying business in Australia or participate in an existing qualifying business in Australia
Venture Capital Entrepreneur Stream
A permanent visa stream that is assessed against the investment offer from Australian company to receive venture capital fundingRequirements for Visa Application:
- Must be nominated by a state or territory
- Must be 55 years old or less
- Have legally enforceable agreement with an Australian company to receive venture capital funding
- The amount to be provided under the agreement is at least $1,000,000
- The Australian company must be a member of Industry association appointed by the Department or relevant body
- Have genuine commitment by establishing a qualifying business in Australia or participating in an existing qualifying business in Australia