Business Innovation Stream
A provisional stream that is assessed based on the applicant’s previous business management historyRequirements for Visa Applicatio:
- Must be nominated by a state or territory
- Must be 55 years old or less
- Successful business management history
- At least 65 points from the points test
- Business annual turnover of at least $5,000,000
- Personal net asset of at least $800,000
- Have genuine commitment by establishing a qualifying business in Australia or participating in an existing qualifying business in Australia
Business Investor Stream
A provisional stream assessed based on the applicant’s business investment historyRequirements for Visa Application:
- Must be nominated by a state or territory
- Must be 55 years old or less
- At least 65 points from the points test
- Must have at least 3 years of eligible investment or business management history
- Must have involved with business management with at least 10% of ownership or/ must have maintained direct involvement in managing eligible investment and total net value of the eligible investment must be at least $1,500,000
- Personal net asset of at least $2,250,000
- Should be able to transfer to Australia in 2 years of visa grant
- Must have made designated investment of at least $1,500,000 in the state or territory where the applicant is nominated
- The funds used to make the designated investment must be unencumbered
- Accumulated from qualifying business or investment activities
- Genuine commitment to establish a qualifying business in Australia or participate in an existing qualifying business in Australia
Significant Investor Stream
A provisional stream assessed based on investments in Australia by a significant investorRequirements for Visa Application:
- Must be nominated by a state or territory
- Must be 55 years old or less
- Invest at least $5,000,000 in at least one of the following ‘complying investments’:
- Commonwealth, state or territory government bonds
- Australian securities and Investment Commission (ASIC) regulated managed funds
- Infrastructure projects in Australia
- Cash held by Australian deposit taking institutions
- Bonds issued by the Commonwealth Government or a State or Territory government
- Bonds, equity hybrids or other corporate debt in Australian companies and trusts listed on any Australian Stock Exchange
- Bonds or term deposits issued by Australian financial institutions
- Real estate in Australia
- Australian agribusiness
- Other ASIC regulated managed funds that invest in the above list of investment
- Direct investment into private Australian companies not listed on any Australian stock exchange
- Genuine commitment to continue the business and investment activity in Australia
Business extension stream
A visa extension stream for those who already holds 188 visaRequirements for Visa Application:
- Must be nominated by a state or territory
- Demonstrates that there is a need for the applicant to be resident in Australia to operate the main business (if innovation stream)
- Must have one or more business actively operating under the management of the applicant (if innovation stream)
- Continue to involve in significant investment (if significant investor stream)
- Genuine commitment to establish a qualifying business in Australia or participate in an existing qualifying business in Australia