Visa applicants must:
Business Visa
Significant Investor Visa – Business Innovation and Investment Subclass 188
- Submit an expression of interest in SkillSelect be nominated by a State or Territory government
- Make investments of at least five million Australian dollars into complying investments
Visa applicants do not need to satisfy the innovation points test and there are no upper age limits. The visa stream features a residence requirement of 160 days spent in Australia over four years while holding the Business Innovation and Investment (Provisional) (Subclass 188) visa.
Visa holders can extend their visa term if they would like to given that they satisfy the extension requirements. They will be allowed to extend their provisional visa by an additional two years, with a maximum of two extensions permitted.
State/Territory Sponsored Business Owner (Residence) Subclass 892
This visa is designed to attract business people to assist in the economic development of Australia. The visa allows you to stay in Australia on a permanent basis for the purpose of owning a new or existing business. You must have held one of the qualifying provisional visas, be sponsored by a state/territory authority, and meet the requirements to be eligible for this visa.
With this visa you can:
- Work
- Travel in and out of Australia any number of times as long as the visa is valid
- Study in Australia
- Have your family accompany you to Australia; they will have the same entitlements as you
- Live and work in Australia on a permanent basis
Business Owner (Residence) – Subclass 890
This visa is designed to attract business people to assist in the economic development of Australia. The visa allows you to stay in Australia on a permanent basis for the purpose of owning a new or existing business. You must have held one of the required provisional visas and meet the requirements to be eligible for this visa.
With this visa you can:
- Work in a new or existing business in Australia
- Travel in and out of Australia any number of times as long as the visa is valid
- Study in Australia
- Have your family accompany you to Australia; they will have the same entitlements as you
- Live and work in Australia on a permanent basis
visa category