Business Innovation and Investment Visas


This visa provides an opportunity for business owners and investors who want to own and manage a new or existing business in Australia, or to invest in an Australian State or Territory.

This is a provisional visa for business people who are nominated by an Australian State or Territory government agency and is valid for up to 4 years. Visa holders may be eligible to apply for permanent residence after meeting certain obligations.

The visa includes three streams:

  • Business Innovation stream - For Business Owners
  • Investor stream – For Investors
  • Significant Investor stream – For Investors


Business Innovation Stream - For Business Owners

The business innovation visa is open to successful owners or part-owners with business skills who want to establish, develop and manage a new or existing business in Australia.

Eligibility

  • Be under 55 years of age, unless exempt
  • Are nominated by a state or territory government
  • Are invited to apply
  • Have an IELTS test score of at least 5 in each component
  • Meet the points test
  • Have had an ownership interest in an established business or businesses that had at least AUD500,000 Turnover in two out of the four fiscal years before applying
  • Own at least one of the following percentage of your nominated main business:
    • 51 per cent, if the business has a turnover of less than AUD400,000 per year
    • 30 per cent, if the business has a turnover of AUD400,000 or more per year
    • 10 per cent, if the business is a publicly listed company
  • Demonstrate a successful business career with significant turnover and a commitment to owning a business in Australia
  • You, your partner, or you and your partner combined must have total net assets of at least AUD800,000 that has been lawfully acquired and available for legal transfer to Australia within two years of the visa being granted
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Investor Stream – For Investors

The investor visa is open to investors looking to make a commitment and designated investment of at least AUD1.5million in an Australian State or Territory and maintain business and investment activity in Australia.

Eligibility

  • Be under 55 years of age, unless exempt
  • Are nominated by a state or territory government
  • Are invited to apply
  • Have an IELTS test score of at least 5 in each component
  • Meet the points test
  • Have a high level of management skills in relation to the eligible investment
  • Have at least three years' experience of direct involvement in managing qualifying businesses
  • Have an overall successful proven record of eligible investment or qualifying business activity
  • Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured
  • Have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment

The applicant and applicant's partner, or combined must:

  • For at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:
    • An interest owned by you, your partner or you and your partner, combined of at least 10 per cent in a qualifying business
    • A minimum of AUD1.5million in eligible investment owned by you, your partner, (or combined)
  • During the two fiscal years immediately before you are invited to apply, have legally acquired net business, investment and personal assets of at least AUD2.25 million that are available for legal transfer to Australia within two years of the visa being granted
  • Make a designated investment of at least AUD1.5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least four years from date of issue in your nominating state or territory
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Significant Investor stream – For Investors

The significant investor visa is open to investors who are willing to invest at least AUD5million into complying investments in Australia and want to maintain business and investment activity in Australia.

Eligibility

  • Are nominated by a state or territory government
  • Are invited to apply
  • Make a complying investment of at least AUD$5 million and hold that investment continuously for at least four years, in any of the following options:
    • Commonwealth, state or territory government bonds
    • Eligible managed funds - limited to investing in any or all of the following Australian assets:
    • Infrastructure projects in Australia
    • Cash held by Australian deposit-taking institutions
    • Bonds issued by the Australian 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
    • Australian real property
    • Australian agribusiness
    • Annuities issued by an Australian registered life company
    • Loans secured by mortgages over the investments listed above
    • Derivatives used for portfolio management and non-speculative purposes (which constitute no more than 20 per cent of the total value of the managed fund)
    • Other managed funds that invest in the investments listed above
    • Direct investment into private Australian companies - in which you have an ownership interest. The company must operate a qualifying business
  • Reside in the state or territory whose government agency nominated you
  • Continue your business and investment activity in Australia after your complying investment matures
  • Live in Australia for at least 160 cumulative days over the period while holding your provisional visa
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