MIGRATION

Business & Invest Visas

Visa Summary

This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.

With this visa, you can

Eligibility

  • You must have been in Australia for at least 1 year in the 2 years immediately before you apply as the holder of a Business Innovation and Investment (Provisional) visa Business Innovation stream.
  • For 2 out of 4 fiscal years immediately before you receive an invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD500,000 turnover in each of those 2 years
  • Whether you have 1 or 2 businesses, you must own at least:
    1. 51% of the total value of a business with a turnover of less than AUD$400,000 per year, or
    2. 30% of the total value of a business with a turnover of AUD$400,000 or more per year, or
    3. 10% of the total value of a business that is operated by a publicly listed company
  • you and your partner combined must have total net business and personal assets of at least AUD800,000. Your funds must be available to transfer to Australia within 2 years of us granting the visa
  • Score at least 65 on the points test (please refer to the point test table as below)

Cost

  • Main application charge AUD $5,375
  • Additional applicant over 18 years old AUD $2,685
  • Additional applicant under 18 years old AUD $1,345

    You must pay an extra charge for any applicant 18 years old or older who has less than functional English. This charge is the second instalment. Pay it only when we ask you to. We will refund the charge if we do not grant you the visa.

The second instalment charges are:

  • Main Applicant AUD $9,795
  • Family Members AUD $4,890

Visa Summary

This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia.

With this visa, you can

  • carry out business and investment activity in Australia
  • stay in Australia for up to 4 years and 3 months
  • bring eligible members of your family unit with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream if certain requirements are met

Eligibility

  • Have managed a qualifying business or investments to the value of at least AUD1.5million. For at least 1 of the 5 fiscal years immediately before we invite you to apply, have directly managed one of the following:
    • a qualifying business in which you, your partner or you and your partner combined had at least 10% ownership interest, or
    • a eligible investment of at least AUD1.5 million owned by you, your partner or you and your partner combined.
  • Have assets of AUD2.25 million
    • For the 2 fiscal years immediately before we invite you to apply, you, your partner, or you and your partner together, have business and personal assets with a net value of at least AUD2.25 million. These assets must have been lawfully acquired and be available for transfer to Australia within 2 years of the visa being granted.  
  • have at least 3 years’ experience managing one or more qualifying businesses or eligible investments
  • have a successful record of eligible investment or qualifying business activity
  • have demonstrated a high level of management skill in relation to the eligible investment or qualifying business activity
  • Score at least 65 on the points test (please refer to the point test table as below)

Cost

  • Main application charge AUD $5,375
  • Additional applicant over 18 years old AUD $2,685
  • Additional applicant under 18 years old AUD $1,345

    You must pay an extra charge for any applicant 18 years old or older who has less than functional English. This charge is the second instalment. Pay it only when we ask you to. We will refund the charge if we do not grant you the visa.

The second instalment charges are:

  • Main Applicant AUD $9,795
  • Family Members AUD $4,890

Visa Summary

This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.

With this visa, you can

Eligibility

  • you must make (on or after the time of application for this visa), a complying significant investment of at least AUD5 million when we invite you to, and have a genuine intention to hold that investment for at least 4 years. It must be invested in the following proportions:
    • at least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
    • at least AUD1.5 million in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
    • a ‘balancing investment’ of at least AUD3 million in managed funds
  • The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
  • We prohibit direct investment in residential real estate. We strictly limit indirect investment in residential property through managed funds.
  • You must not use investments as security or collateral for a loan.

Cost

  • Main application charge AUD $7,880
  • Additional applicant over 18 years old AUD $3,940
  • Additional applicant under 18 years old AUD $1,975

    You will have to pay the second instalment of the visa application charge for any applicant who was at least 18 years old at the time of application, and satisfies the secondary criteria for the grant of a subclass 888 visa and is assessed as not having functional English and has not paid a second instalment of the visa application charge in relation to an application for their Business Innovation and Investment (Provisional) (subclass 188) visa. Pay it only when we ask you to. We will refund the charge if we do not grant the visa to that applicant.

The second instalment charges are:

  • Main Applicant AUD $9,795
  • Family Members AUD$ 4,890

Visa Summary

This visa is for experienced business owners, to operate a new or existing business in Australia.

With this visa, you can

  • stay in Australia permanently
  • work and study in Australia
  • enrol in Australia’s public health care scheme, Medicare
  • sponsor certain relatives to come to Australia
  • travel to and from Australia for 5 years
  • if eligible apply for Australian citizenship

Eligibility

  • For at least 2 of the 4 fiscal years before you were invited to apply, you, your partner, or you and your partner combined, must have had an ownership interest in one or more qualifying businesses in which your net value was at least AUD400,000. If the qualifying business is a publicly listed company, your shareholding must have been  at least 10 percent of the total issued capital.
  • The business and personal assets of you, your partner, or you and your partner combined, must be at least AUD1.5 million:
    • lawfully acquired
    • available for transfer to Australia within 2 years after the visa is granted
  • Your total annual turnover must be at least AUD3  million:
    • from at least 1 business and no more than 2 businesses
    • for at least 2 of the 4 fiscal years immediately before you were invited to apply for this visa
  • Your ownership interest must be either:
    • 51% or more of a business with turnover of less than AUD400,000 per year
    • 30% or more of a business with turnover of more than AUD400,000 per year, or
    • 10% or more of a publicly listed company

Cost

  • Main application charge AUD $7,855
  • Additional applicant over 18 years old AUD $3,930
  • Additional applicant under 18 years old AUD $1,960

    You might have to pay an extra charge for any applicant 18 years old or older who has less than functional English. This charge is called the second instalment. Pay it only when we ask you to.

The second instalment charges are:

  • Main Applicant AUD $9,795
  • Family Members AUD $4,890

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