Free AssessmentAustralia’s Business Innovation and Investment Programme encourages successful business people to settle in Australia and use their proven skills to develop business activity in Australia.
The Business Innovation and Investment Programme is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants who have a demonstrated history of success in innovation and business and are able to make a significant contribution to the national innovation system and to the Australian economy.
The Business Innovation and Investment Programme is a state/territory nominated programme which is made up of three subclasses:
- Business Talent (Permanent) visa (subclass 132)
- Business Innovation and Investment (Provisional) visa (subclass 188)
- Business Innovation and Investment (Permanent) visa (subclass 888).
Most business innovation and investment migrants enter Australia on a provisional visa for a minimum of four years and after satisfactory evidence of a specified level of business or investment activity, may apply for permanent residence.
Alternatively business migrants may apply for a business talent visa to get direct permanent residence if they have high level business skills or have obtained funding from an Australian venture capital firm.
This visa has three primary streams:
- The business innovation stream—for people with a successful business career and a genuine and realistic commitment to be involved as an owner in a new or existing business in Australia
- The investor stream—for people with a successful record of qualifying business or eligible investment activity who will make a designated investment in a state or territory of Australia and have a realistic commitment to continue to maintain business or investment activity in Australia after the designated investment has matured.
- The significant investor stream—for people who are willing to invest at least $5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured.
The Business Innovation and Investment Programme incorporates access to flexibility provisions to assist business people to achieve permanent residence and encourage innovative business. Provisional visa holders who were granted their visa by meeting the requirements for the business innovation stream may be eligible to apply for a two year extension to their provisional visa provided they are nominated by a state or territory government for the extension.
If you believe that you have financial capital and business success history then please contact our registered migration agent to assess your suitability for any of the above streams.
