Business Innovation and Investment (Provisional)

What are the requirements for this visa?

• The applicant has been nominated by a state or territory government
• Achieve the pass mark for the Business Innovation and Investment Points test which is 65.
• The main applicant must be under 55, unless exemptions from the state or territory government
• Demonstrate a successful career in business or investment.

What are the different streams for the visa and their particular requirements?

• The two streams in this visa category are business innovation stream and Investor stream.

Business Innovation stream

The business innovation stream visa requires the visa holder to have owned a business and are intending to establish or operate a business in Australia. To apply under this visa stream the requirements include:

1. The visa holder has owned a business which has turnover of at least AUD $700,000 for at least 2 of the 4 years before the visa application has been made.
2. The visa holder has business and personal assets of at least AUD1,250,000 which are available for the conduct or establishment of a business in Australia. In addition the funds needs to be available to be transferred to Australia within 2 years of the grant of the visa and the funds have been acquired legally.
3. The visa holder has a commitment to establish and participate in Australian business.

Investor stream

The Investor stream visa is for those individuals that have owned a business or managed investments, and will invest $1.5million into Australian State or Territory Government Bonds. The requirements for this visa are include:

• The visa holder must make an investment of $1.5m before the grant of the visa.
• The visa holder has personal and business assets (net) of $2.25m for the last 2 years.
• The visa holder has a commitment to establish and participate in Australian business.