As of 17 February 2023, Business Innovation and Investment Program is closed for application.
Applications remain open for the following:
β
Permanent visa nominations (subclass 888); and
β
Extensions for Business Innovation and Significant Investor streams
Business visa is the ideal pathway for existing business owners in their home country who wants to settle in Australia together with their family and still want to continue business ownership.
If you are looking to establish a business or to purchase a business, consider business migration to Australia as a business owner or investor. There are a number of visas that can facilitate this.
Under Business Innovation and Investment Visa, there are 5 streams that can be applied.
(1) Business Innovation Stream (188A)
(2) Business Investor Stream (188B) (Temporary Visa)
In order to be able to convert the Temporary Visa into Permanent Visa (888 A and 888 B)
(3) Significant Investor Stream
This visa is for applicants for who would like to invest at least AUD 5 million into a complying investment fund and would like to maintain business and investment activity in Australia
- To be eligible to apply for Permanent Residence (subclass 888), you must live in Australia for a total of 160 days in 4 years
- Investment of the AUD 5 million is to be done as follows:-
- AUD 500,000 in venture capital fund
- AUD 1.5 million in fund that invest in emerging companies
- AUD 3 million in managed fund that invests in Australian companies, bonds or real property (limit to 10% in residential real estate)
(4) Premium Investor Stream
This visa is for applicants for who would like to invest at least AUD 15 million into a complying investment fund and would like to maintain business and investment activity in Australia
(5) Entrepreneur Stream
If you have a funding agreement from a third party for at least AUD 200,000 to undertake a complying entrepreneur activity that is proposed to lead either the commercialization of a product or service in Australia or the development of a business in Australia
For further information or assistance on applying for Business/ Investor Visa, kindly contact us Auslife Migration Consultants for a FREE and PRIVATE CONSULTATION at our KL office at 03-2300 2380 / 012-238 1380 or our Melbourne office at +614 5077 2380 / +614 3358 8377 or email to: info@auslife.com