This is a temporary visa for people who want to operate a new or existing business in Australia.Successful applicants can include their family members and carry out business and investment activity in Australia for 5 years. After making an investment in Australia, the applicant can apply for permanent residence via Business Innovation and Investment (Permanent) subclass 888 Visa.
To be eligible to apply for this visa, you must satisfy the following.
AUD750,000 turnover in each of those 2 years if you were invited to apply on or after 1 July 2021
30%, of the total value of the business if the business has a turnover of AUD400,000 or more per year, or
8515 – You must not marry or enter into a de facto relationship before entry.
Identity documents such as passport
Business, Investments and assets documents
Point test documents
Dependent under 18 documents
Eligible dependent over 18 years of age but not yet turned 23 documents
Step 1: Submit an Expression of Interest (EOI) via SkillSelect.
Step 2: Gather your documents
Step 3: Lodge your application online.
Step 4: Visa outcome.
This visa costs AUD6,085 for the main applicant.
There is also a charge for each family member in your application.
You must pay an extra charge for any applicant 18 years old or older who has less than functional English. There is a second instalment for this charge.
You can access to calculator from this link,
What if my Visa is refused?
You will be informed of reasons for the refusal and of your appeal rights to the Administrative Appeals Tribunal.
Different States their own nomination requirements. What do I need to do to receive State/Territory Government nomination?
You must be under 50 years of age and have either:
For at least one of the five most recent fiscal years, you have directly managed one of the following:
For the two most recent fiscal years, you, your partner, or you and your partner together have combined personal and business net assets of at least A$2,500,000.
You must make a complying significant investment of at least A$2,500,000 and have a genuine intention to hold that investment for the life of your provisional visa.
It must be invested in the following proportions:
Investing in NSW
To qualify for NSW nomination, you must show that your complying investments will make a contribution to the NSW economy.
NSW will refuse your nomination application for a permanent visa (subclass 888) if you cannot show your complying investments meet the following criteria:
Venture Capital and Growth Private Equity investment
At least 50% of your venture capital component must be invested in:
At least 50% of the emerging companies component must be invested in emerging companies listed on the Australian Stock Exchange that are headquartered in NSW.
At least 50% of your balancing investments must bring benefits to NSW. This can be shown where:
Living in NSW
You must have a genuine commitment to reside in NSW and contribute to NSW through your investment activity.
Your SkillSelect EOI must show a minimum score of 65 points. Applications showing the following will be prioritised:
NSW target sectors
Sydney target sectors include:
Regional NSW target sectors include those for Sydney in addition to:
You must be under 55 years of age
You must have a genuine commitment to establish a residence and reside on the State of Victoria
You must agree to make at least AUD$1.5 million with the Victorian treasury Corporation
You must make additional investment of at least AUD500,000 in Victoria for no less than 12 consecutive months immediately preceding the Business innovation and investment (Permanent) visa (subclass 888) investor stream nomination application.
You and your dependents must have available no less than AUD200,000 to settle in Victoria.
You will need to understand, read and agree to Victoria’s nomination obligations.
You must satisfy the abovementioned requirements imposed by the Department of Home Affairs
You must genuinely intend to live in Tas permanently and continue to contribute to Tasmania
You should have AUD$2.25 million transferable assets and agree to invest AUD$1.5 million in Tasmania Treasury bonds and maintain the investment for 4 years.
Maintain active business and investment activity in Tasmania during the visa period and after investment has matured
Must have had an overall successful business / investment career
Must have sufficient funds to settle in Tasmania
Evidence of net business and personal assets of at least AUD$2.25million to be transferred to Queensland within 2 years after granted your visa.
Make and maintain your designated investment of at least AUD$1.5million in Queensland Treasury Corporation Bonds for at least 4 years.
Commit to living in Queensland
Satisfy subclass 188 investment stream requirements imposed by the Department of Home Affairs
Intend to live in SA
Intended to invest at least AUD$1,500,000 into SAFA bonds for 4 years (applicants over 55 years must invest at least AUD$5,000,000 into SAFA for 4 years)
Agree to register your arrival in SA with Immigration SA and maintain current contact details for the duration of your visa.
You must enter into an agreement to either:
Invest a minimum AUD$500,000 into Significant Capital Ventures
You must satisfy the requirements imposed by the Department of Home Affairs
Able to transfer additional funds of AUD500,000 for your settlement and ongoing living costs in WA
You should maintain your funds in WA on maturity of your treasury bonds
Value of total net assets to be in WA: at least AUD$2 million of which at least 1.5 million must be invested into the Western Australia Treasury Corporation for 4 years
Proposed investment activities
Investment activities benefiting the NT can include:
You must have:
An understanding of Australia’s Northern Territory (NT) business and investment
Genuine intentions to actively pursue business or investment in the NT
Financial capacity and business acumen to support your activities
Please follow the link below for FREE INITIAL CONSULTATION
If you want to know more about Australian visa, you can get in touch with us and we will be happy to help you!
Address: 6/13 Bridge St Epping NSW 2121
Tel: 02-8203 2999
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