Entrepreneur Visa-Two Pathways:

There are two pathways for the entrepreneur visa:

• If you have a provisional business visa (Business Innovation and Australia Investment Visa), you will be eligible for permanent residence after establishing your business.
• Businesses with extensive experience can apply for an Australian passport or permanent residency with the assistance of state and territorial governments.

In Australia, you can own, manage, or conduct a business or investment activity under the business innovation and investment visa.

• The ability to start a new business, grow an existing one, or make investments in Australia
• No restrictions on leaving and entering Australia and you can bring your family to Australia with you.
• Opportunity to seek citizenship in Australia
• The chance to apply for an Australia Business Visa and Investment (Permanent) visa that grants permanent residency (subclass 888)

In the Business Innovation stream, you can extend your visa for an additional two years if you have applied for and been granted a Subclass 888 visa.

Eligibility Criteria:

• You must submit an Expression of Interest to SkillSelect.
• Austrade’s invitation to apply for a state or territory government agency’s nomination

The applicant must be eligible for one of the three visa subcategories listed below:

• Commercial Innovation and Enterprise Investment
• Being categorized as a major investor
• The applicant must be under 55 at the time of application. Investments must be made either in an existing Australian company or in a company with a clear business plan. Age, education, prior professional experience, and knowledge of investing are some of the factors that determine if he has the required 65 points.

Who Can Apply For The Business Visa Program:

The program serves business people who:

• Invest in Australian government bonds if you are the proprietor (or co-owner) of a firm (or enterprise) with significant business experience.
• Have senior executives worked for large corporations who will actively participate in the management of a startup or existing business in Australia using their business expertise?
• Possess a strong expertise in business and the resources to invest in Australia

Business Investment And Innovation Visa:

You must complete the Business Innovation and Investment (Provisional) visa application in the first step (subclass 188).

Provisional visas are available in five streams:

Business Innovation stream (188A):

For those with business capabilities, this provisional visa is available. It enables you to run a brand-new or current business in Australia.

This visa allows you to:

• Stay in Australia for up to 4 years and 3 months and bring eligible family members with you
• Apply for permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888)
• Leave and reenter Australia as many times as you’d like as long as the visa is in effect.

Investor stream (188B):

You must sustain business or investment activities in Australia while holding this provisional visa, which requires an investment of at least AUD 1.5 million in an Australian State or Territory.

This visa allows you to:

• Operate a business and make investments in Australia and remain in Australia for a maximum of 4 years, or 3 months.
• Family members who qualify should accompany you
• Make an application for permanent residency with the Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream, presuming certain requirements are met.

As many times as you’d like while the visa is still in effect, you may leave and enter Australia.

Significant Investor stream (188C):

People who spend at least AUD5 million in Australian investments that fulfil specified criteria and continue their investment activities in Australia are eligible for this interim visa.

This visa allows you to:

• Do investment-related activities in Australia
• Remain in Australia for a maximum of 4 years, or 3 months and family members who qualify should accompany you.
• Assuming certain conditions are satisfied, submit an application for permanent residence using the Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream.
• As many times as you’d like while the visa is still in effect, you may leave and enter Australia.

Premium Investor stream (188D):

Individuals who invest at least AUD15 million in Australian investments and/or charitable donations and who are recommended by Austrade are eligible for this interim visa.

This visa allows you to:

• Do investment-related activities in Australia and remain in Australia for a maximum of 4 years, or 3 months.
• Family members who qualify should accompany you
• If certain requirements are present, you may apply for permanent residence under the Business Innovation and Investment (Permanent) visa (subclass 888) Premium Investor stream.
• As many times as you’d like while the visa is still in effect, you may leave and enter Australia.

Entrepreneur stream (188E):

As a temporary resident in Australia, you can engage in entrepreneurial activities.

This visa allows you to:

• Engage in entrepreneurial endeavours in Australia
• The Entrepreneur stream of the Business Innovation and Investment (Permanent) visa (subclass 888) allows you to remain in Australia for up to 4 years and 3 months, bring eligible family members with you, and apply for permanent residence.
• While the visa is valid, you can leave and return to Australia as often as you like.