Business Visas

The Business Innovation and Investment (Provisional) Visas were introduced by the Australian government back in 2012. Business owners, entrepreneurs, and investors have the opportunity to expand their activities in Australia and receive permanent residency.

The Australian economy is highly diversified and increased consistently over the course of 3 decades. This can be attributed to Australia’s connections with Latin America, China, Hong Kong, New Zealand, Japan, the United States, and more, as well as the contributions of skilled immigrants who invested in businesses, innovated, and developed many of Australia’s key industries.

These facts make Australia an attractive destination for business owners, entrepreneurs, and investors who want to take their activities to the next level.

Business Innovation and Investment (Provisional) Visas

The Business Innovation and Investment (Provisional) Visas were introduced by the Australian government back in 2012. The 4 visa streams under the Business Innovation and Investment (Provisional) category can lead to Australia permanent residency.

The Business Innovation Stream

The Business Innovation Stream is for people with business skills who are interested in operating a new or existing business in Australia. To apply for the business innovation stream, you must meet the following requirements:

  • You must be under 55 years of age
  • You must be nominated by an Australia State or Territory government agency
  • For 2 fiscal years out of 4, you must have had an ownership stake in 1 or 2 businesses that had a turnover of AUD500,000 or more in each of those 2 years
  • You must own 51% of the business – if it’s had an annual turnover of less than AUD400,000
    OR
  • You must own 30% of the business – if it’s had an annual turnover of AUD400,000 or more
    OR
  • You must own 10% of the business – if it’s run by a publicly listed company
  • You must have personal and business assets of AUD800,000 or more
  • You must score 65 points or more on the points test
  • You must meet language requirements
  • You must meet health and character requirements
  • You mustn’t have a history of unacceptable investment activities

The Business Innovation Stream is valid for up to 4 years and 3 months. You can bring eligible family members with you and eventually apply for permanent residency (if eligible).

The Investor Stream

The Investor Stream is for investors and entrepreneurs who are interested in participating in investment activities in Australia. You must invest AUD1.5 million or more in an Australian State or Territory and maintain business or investment activity in Australia.

To apply for the Investor Stream, you must meet the following requirements:

  • You must be under 55 years of age
  • You must be nominated by an Australia State or Territory government agency
  • You must own and manage personal and business assets valued at AUD1.5 million or more
  • You must meet business ownership experience requirements
  • You must score 65 points or more on the points test
  • You must meet language requirements
  • You must meet health and character requirements
  • You must live in a specific State or Territory
  • You mustn’t have a history of unacceptable investment activities

The Investor Stream is valid for up to 4 years and 3 months. You can bring eligible family members with you and eventually apply for permanent residency (if eligible).

The Significant Investor Stream

The Significant Investor Stream is for people who are interested in participating in investment activities in Australia. You must invest AUD5 million or more in Australian investments that meet specific requirements.

To apply for the Significant Investor Stream, you must meet the following requirements:

  • You must be nominated by an Australia State or Territory government agency
  • You must be able to invest AUD5 million or more and have genuine intention to hold that investment for 4 years
  • You must meet language requirements
  • You must meet health and character requirements
  • You mustn’t have a history of unacceptable investment activities

The Significant Investor Stream is valid for up to 4 years and 3 months. You can bring eligible family members with you and eventually apply for permanent residency (if eligible).

The Business Innovation Extension Stream

The Business Innovation Extension Stream is designed to allow holders of visas under the Business Innovation and Investment (Provisional) – Subclass 188 Visa extend their stay in Australia for 2 more years. In total, you will be able to stay for 6 years in Australia.

To apply for the Business Innovation Extension Stream you must meet the following requirements:

  • You must have a nomination from a State or Territory agency to be invited to apply
  • You must already hold the Business Innovation and Investment (Provisional) – Subclass 188 Visa for 3 years
  • You must not have held more than one Business Innovation and Investment (Provisional) – Subclass 188 Visa in the Business Innovation stream
  • You must prove your need to extend your stay in Australia
  • You must have maintained an ownership interest in your nominated main business
  • You must have maintained your commitment to actively participate in the day-to-day management and decision making in the business
  • You mustn’t have a history of unacceptable investment activities
  • You must meet language requirements
  • You must meet health and character requirements

To apply for Australia permanent residency while holding the Business Innovation Visa, Investor Visa, or the Significant Investor visa, you will need to apply via the Business Innovation and Investment (Permanent) – Subclass 888 visa.

Business Talent – Subclass 132 Visas

The Business Talent – Subclass 132 Visas are aimed at successful business owners who want to establish or develop an existing business in Australia, OR successful business owners that received funding from an Australian venture capital firm.

The two visa streams under the Business Talent – Subclass 132 can lead to permanent residency in Australia: The Significant Business History Stream and the Venture Capital Entrepreneur Stream.

The Significant Business History Stream

The Significant Business History Stream is the visa you need to establish or operate a new or existing business in Australia. The Significant Business History Stream is a permanent visa, which means that you receive Australian permanent residency the moment this visa is granted to you.

To apply for the Significant Business History Stream, you will need to meet the following requirements:

  • You must be under 55 years of age
  • You must meet language requirements
  • You must meet health and character requirements
  • You must sign the Australia values statement
  • You must be nominated by an Australian state or territory government agency
  • You must prove you have a successful business career and a genuine intent to own and manage a business in Australia
  • Before your invitation to apply for this visa, you, your partner, or both must have had an ownership interest in one or more qualifying businesses with a net value of AUD400,000 or more.
  • Your assets must have a total net of AUD1.5 million or more
  • You must have an annual turnover of AUD3 million or more
  • You must have assets with a net worth of AUD400,000 or more

You will be able to live permanently in Australia with your family, receive social benefits, and eventually apply for Australian citizenship (if eligible).

The Venture Capital Entrepreneur Stream

The Venture Capital Entrepreneur Stream is the visa you need if you obtained venture capital funding from a member of the Australian Investment Council (AIC) and you would like to establish a new business in Australia or develop an existing one.

To apply for The Venture Capital Entrepreneur Stream, you will need to meet the following requirements:

  • You must be under 55 years of age
  • You must be nominated by an Australian state or territory government agency
  • You must have a genuine commitment to maintaining and directly managing day-to-day business activities
  • You must have a genuine commitment to maintaining a substantial ownership interest in your business or investment
  • You must have secured AUD1 million or more in funding
  • You must have entered into an enforceable agreement with an Australian venture capital firm
  • You must meet language requirements
  • You must meet health and character requirements

The Venture Capital Entrepreneur Stream is a permanent visa, which means that you receive Australian permanent residency the moment this visa is granted to you. You will be able to live permanently in Australia with your family, receive social benefits, and eventually apply for Australian citizenship (if eligible).

Investor (Residence) – Subclass 893 Visa

The Investor (Residence) – Subclass 893 visa is a permanent residency visa for State/Territory Sponsored Investor (Provisional) – Subclass 165 visa holders, and those who have held a designated investment of AUD750,000 for 4 years. This visa is valid for 5 years, after which you will be able to obtain permanent residency in Australia, receive social benefits, and sponsor your family to come live with you.

To apply for The Investor (Residence) – Subclass 893 visa, you will need to meet the following requirements:

  • You must hold the State/Territory Sponsored Investor (Provisional) – Subclass 165
  • You must have been an Australian resident for 2 out of 4 years in the State or Territory of your sponsoring authority (as the holder of the State/Territory Sponsored Investor (Provisional) – Subclass 165)
  • You must meet business requirements
  • You must be sponsored by the regional authority in the State or Territory where you lived
  • You must meet health and character requirements

For citizenship purposes, you are granted permanent residency with The Investor (Residence) – Subclass 893 visa in one of two ways:
A. The moment this visa is granted to you (if you are in Australia)
B. The moment you enter Australia on this visa (if you are outside Australia)
You will be able to live permanently in Australia with your family, receive social benefits, and eventually apply for Australian citizenship (if eligible).

How can we help you apply for the Business Innovation and Investment (Provisional) Visas?

UIS Australia is a leading immigration company dedicated to excellence. With a successful track record of assisting thousands of clients to obtain their Australian visas, we would be happy to accompany you towards obtaining the Australia visa you need. Contact our team today via the form below for a professional consultation.