Queensland welcomes those interested in owning and managing a new or existing business or making an investment in Queensland

This visa is a state-nominated four year provisional visa that is a pathway to the Business Innovation and Investment (subclass 888) permanent residency visa.

For this visa, you have a choice of five streams:

  • Business Innovation is for those interested in owning and managing a new or existing business in Queensland.
  • Business Investor is for investors or business owners looking to invest in Queensland Treasury Corporation Bonds.
  • Significant Investor is for those interested in making a significant complying investment in Australia.
  • Premium Investor is available at the invitation of the Australian government only with potential recipients nominated by Austrade. It is for highly talented and entrepreneurial individuals who can deliver long-term economic benefit to the country. Please visit the Austrade website for more information.
  • Entrepreneur is for those who have an innovative business ready to be commercialised.

State nomination for this visa is managed by the Queensland Government through Business and Skilled Migration Queensland (BSMQ) in collaboration with the Australian Government’s Department of Home Affairs (HA).

 

Eligibility Criteria

To be considered for Queensland state nomination for a Business Innovation and Investment visa, you must first meet the Australian Government’s HA criteria. Visit the HA website for detailed information.

You must also meet BSMQ criteria, which is different for each of the following visa streams.

Business Innovation 

To seek Queensland state nomination, you must:

  • demonstrate that you have net business and personal assets of at least A$800,000 to be transferred to Queensland within 2 years of the visa being granted,
  • must make a business investment of at least A$200,000 after your visa is granted, and
  • must commit to living in Queensland.

Please note:

  1. Entry level small retail business, such as convenience stores, cafes, restaurants are only accepted if your proposed business is established in regional Queensland.
  2. General importing business will not be accepted unless the imported products are highly innovative, advanced in technology, or currently unavailable in Queensland. You should also provide value-adding service to the imported products such as customised design, product assembly installation, testing, repair, maintenance etc.
  3. Property development businesses will not be acceptable.

You are permitted to extend this visa for an additional two years or you can apply for permanent residency (subclass 888).

Investor 

To seek Queensland state nomination through this stream, you must:

  • demonstrate that you have net business and personal assets of at least A$2.25 million to be transferred to Queensland within two years of your visa being granted,
  • make and maintain your designated investment of at least A$1.5 million in Queensland Treasury Corporation Bonds for at least four years, and
  • commit to living in Queensland.

At the end of your Investor visa, you can apply for permanent residency (subclass 888). This visa cannot be extended.

Significant Investor

To seek Queensland state nomination through this stream, you must:

  • demonstrate that you have at least A$5 million available for transfer into Australian complying investment frameworks for four years,
  • meet the complying investment frameworks set by Austrade and provide details of your complying investment intentions to BSMQ, and
  • commit to living in Queensland with additional investments indicated.

You can extend your Significant Investor visa for an additional four years.

For more information on doing business in Queensland, please contact our Business & Development Migration Specialist,          Ms Yvonne Chan for a PRIVATE CONSULTATION at +614-5077 2380 or email to: info@auslife.com

 

Mar-2021