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BUSINESS or INVESTMENT VISAS - Coggle Diagram
BUSINESS or INVESTMENT VISAS
Business Investment Activities
1).
Business Innovation and Investment (Provisional) visa - Subclass-188
:: This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia :: Stay-Temporary (upto 4.3 yrs) :: Visa Fee - AUD 5375
1).
Business Innovation stream
:: This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.
Eligibility Criteria
Be Nominated by any of the state/Territory
Have business ownership
For 2 out of 4 fiscal years immediately before you receive an invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD500,000 turnover in each of those 2 years.
Whether you have 1 or 2 businesses, you must own at least:
51%, of the total value of the business if the business has a turnover of less than AUD400,000 per year
30%, of the total value of the business if the business has a turnover of AUD400,000 or more per year, or
10%, of the total value of the business if the business is operated by a publicly listed company
Own personal and business assets of at least AUD800,000
When you are invited to apply for this visa, you, your partner, or you and your partner combined must have total net business and personal assets of at least AUD800,000. Your funds must be available to transfer to Australia within 2 years of us granting the visa.
Score at least 65 on the points test
Age - upto 55 years. Points can claim uptill 44 yrs
IELTS/PTE - Vocational / Proficient
Qualifications
Business Experience
Net personal and business assets
Business turnover - Not Less than AUD 5,00,000
Innovation - Not less than 4 years within the preceding 5 years
Special endorsement
Have a successful business career
You must have a successful business career and a genuine desire to continuously own and manage a business in Australia.
Be under 55 years of Age
Not have a history of involvement in unacceptable activities
You and your partner must have had no history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
Minimum Functional English Requirement
Medicals
PCC (Police Clearance Certificate)
Not have had a visa cancelled or a previous application refused
You must be nominated by an eligible government organisation prior to applying
2).
Investor stream
:: This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia.
You must
make an investment of AUD1.5 million in an Australian State or Territory
score at least 65 on the points test
have net business, investment and personal assets of at least AUD2.25 million
Be Nominated by any of the state/Territory
Own and manage business and personal assets and investments
3).
Significant Investor stream
:: This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.
4).
Business Innovation Extension stream
:: This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years, or up to 4 more years if COVID-19 concessions apply.
2).
Business Innovation and Investment (Permanent) visa - Subclass-888
:: For entrepreneurs, investors and business owners to continue their activity in Australia. :: Stay-Permanent :: Visa Fee - AUD 2590
You can continue to own and manage a business in Australia (the Business Innovation stream)
You can continue business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor stream)
You can continue entrepreneurial activity in Australia (Entrepreneur stream)
3).
State or Territory Sponsored Investor - Subclass-893
:: This is a permanent resident visa for subclass State/Territory Sponsored Investor (Provisional) visa (subclass 165) holders and who have held a designated investment of AUD750,000 for 4 years. :: Stay-Permanent :: Visa Fee - AUD 2450
You must have held a designated investment in Australia for 4 years.
You can apply if you are a the primary holder of a subclass 165 visa.
You can only apply within Australia
4).
Investor visa - Subclass-891
:: This visa is for people who undertake business and investment activities in Australia. It allows you to stay in Australia indefinitely. To apply as a primary applicant, you must have a qualifying visa granted on a particular basis. :: Stay-Permanently :: Visa Fee - AUD 2450
This visa is for holders of a provisional subclass 162 visa
You must have held a designated investment of AUD1.5 million for four years