This visa allows you to establish a new or develop an existing business in Australia. It has two streams:
- Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia
- Venture Capital Entrepreneur stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).
You might be able to get this visa if you are nominated by a state or territory government agency and are invited to apply by the minister.
You must also either:
- have net business and personal assets of at least AU$1.5 million and an annual business turnover of at least AU$3 million if you intend to apply for the visa in the Significant Business History stream, or
- have obtained at least AU$1 million in venture capital funding to start the commercialisation and development of a high-value business idea in Australia if you intend to apply for the visa in the Venture Capital Entrepreneur stream.