The current Business Innovation and Investment Program commenced in 2012 and we anticipate significant changes to be introduced in July 2021 which hare very likely to increase entry requirements. For the remaining 2020/2021 program year (to June 2021) the program planning levels have been doubled and an intention expressed to decrease processing times and attract overseas business skills. These factors represent a golden opportunity to apply now before the  increase in requirements from July 2021.

There are three types of visas – Business: where the applicant has a history of owning and managing a business before applying – Investment: where the applicant has sufficient funds to invest in Australia, and Entrepreneur/Venture Capital: where the applicant can arrange for venture capital funding to support a business activity in Australia. All visas require nomination by a government authority either at state / territory or national level.

For applicants who don't own a business or don't meet the minimum business requirements, talk to us as we can help with alternative strategies to obtain residence.


Business, Investor and Entrepreneur/Venture Capital Visas
Within the three types of visas (Business, Investor and Entrepreneur/Venture Capital) there are two pathways with lower or high entry requirements. The higher entry requirements generally offer better benefits and in some cases direct permanent residence. The lower entry requirements generally require more obligations and longer residence periods in Australia.

For applicants with business experience, funds to invest or interested in entrepreneur options (which can range from limited or no experience up to experienced professionals or business managers), talk to our team for a detailed consultation to understand the current circumstnaces, explain the available options with the relevant pros and cons, and make personalised recommendations to more forward. Consultations are provided without any obligation or cost and all information provided is confidential.  Further information about the pathways is included below.

All of these types and pathways are under either the Subclass 188 visa or the Subclass 132 visa.

The Subclass 188 is a provisional (temporary) visa and the first of a two stage pathway to residence. After the 188 visa has been granted, the applicant is required to meet specific requirements in Australia to qualify for the second stage, the permanent residence under the Subclass 888 visa.

The Subclass 132 visa is a direct permanent residence visa which no provisional (temporary) visa stage. This is intended for high calibre business applicants.

Business Innovation (Subclass 188, or 188A)
Applicants must be able to demonstrate a history of owning a managing a business with a turnover equivalent to at least AUD $500,000 for at least 2 years. It is possible to combine the turnover of up to two main businesses. The first stage will be a temporary residence visa for up to 4 years – during this period the applicant will need to own and manage a business in Australia for at least 2 years including at least 1 year of stay in Australia. The business in Australia will be required to reach a turnover of AUD $300,000. An application can then be made for permanent residence.

Significant Business History (Subclass 132, or 132A)
Applicants must be able to demonstrate a history of owning a managing a business with a turnover equivalent to at least AUD $3,000,000 for at least 2 years. It is possible to combine turnovers of up to two main businesses. This is a direct permanent residence pathway – there is no temporary residence period.

Investor (Subclass 188, or 188B)
Applicants must be able to demonstrate a history of owning a managing a business with a turnover equivalent to at least AUD $3,000,000 for at least 2 years. It is possible to combine turnovers of up to two main businesses. This is a direct permanent residence pathway – there is no temporary residence period.

Significant Investor (Subclass 188, or 188C / SIV)
A streamlined pathway with many requirements reduced or waived that allows applicants to make a complying structured investment in Australia for 4 years. A minimal stay requirement of 160 days over the 4 years is favourable to applicants who have affairs overseas and wish to minimise the time spent in Australia. Investments are commercial and the potential exists for higher returns than government bonds.

Entrepreneur (Subclass 188, or 188E)
Applicants must have an innovative idea for a startup business activity and be able to secure at least AUD$200,000 in funding.
 
Venture Capital Entrepreneur (Subclass 132, or 132B)
Applicants must have a high level of skill to establish or develop a business in Australia and be able to secure at least AUD$1,000,000 in funding.

 

Contact us to discuss, review eligibility or just have a chat to understand more about the visas.

 

Our Contact Info

+1 (646) 757 1509
info@anzmigrate.com

Client Care

1. Understand

We will carefully review your current situation, understand your unique needs, and identify any risks or challenges that may be present.

2. Analyse

We will provide personalised advice to move forward. A detailed discussion explaining the pros and cons of each option will be followed by our advice for the optimal approach.

3. Explain

We will provide personalised advice to move forward. A detailed discussion explaining the pros and cons of each option will be followed by our advice for the optimal approach.

4. Proceed

We will give you a full breakdown of costs, both agency fees and external charges so you understand the full picture. There's no pressure, so when you're ready to start the process we will be here to guide you and support you the whole way.

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