14 March 2018

BUSINESS INNOVATION AND INVESTMENT VISA

Written by admin

This visa allows you to own and manage a business in Australia (The business innovation stream). The visa also allows you to conduct business investment activity in Australia. Finally, allows you to undertake an entrepreneurial activity in Australia. The business visa in totality includes five streams namely;

1) Business Innovation Stream: It is for people with business skills who primarily want to establish, develop and manage a new or already existing business in Australia. The applicants are nominated by a state or territory.
– Under 55 years of age.
– Minimum score of 65 points
– Have had an ownership interest in an established business or businesses that had at least AUD 500 000 turnover in each of these years, for two out of four fiscal years immediately before application.

2) Investor Stream: This stream is basically for people who want to make a designated investment of at least AUD1.5million in any Australian state or territory and maintain business and the investment activity in Australia. The applicants thus are nominated by the applicants only.
– Under 55 years of age
– Minimum score of 65 points
– High level of management skills in relation to the eligible investment.
– Have a genuine intention to stay at least for two years.

3) Significant Investor Stream: This is for the ones who are actually willing to invest at the minimum AUD5 million into complying the significant business investments. In this case a state or territory government or Austrade can nominate applicants on the behalf of the Australian Government.
– Reside in the state or territory of the government agency that has nominated you.
– Continuing the business and investment activity in Australia even after the conclusion of provisional visa.

4) Premium Investor Stream: This stream is for people who are not willing to invest not less than AUD15million into the complying premium investment and further want to maintain in Australia too. Austrade therefore nominates applicants on behalf of the Australian Government.
– The complying investment of the minimum AUD15million in one of the following options
*Australian security exchange listed assets.
*Australian government or semi-government notes or bonds.
*Australian proprietary limited companies.
*Real property in Australia excluding residential property.
*Deferred annuities issued by Australian registered life companies.
*State or territory government approved philanthropic contribution.

5) Entrepreneur Stream: This stream requires a funding agreement from a third entity for the minimum amount of AUD200 000 to undertake the complying activity of entrepreneurship activity which is proposed for either the commercialisation of a product or service in Australia or the development of business in Australia. A state or the territory must primarily nominate applicant.
– Under 55 years of age.
– Competent English
– Be undertaking or proposing to undertake a complying entrepreneur activity in Australia with a genuine intention to continue.