The criteria for each visa depends on the stream you choose to apply under. We have summarised the key criteria of each visa for you below:

Business Talent

(132 Visa)

Sig Business History Venture Capital Entrepeneur State Nomination

< 55 Years old unless exceptional economic benefit

You must have total assets of $1.5m You had net assets in a business >$400k in 2 of last 4 years or at least 10% ownership in a business if it is a publicly listed company

Business Turnover must be >$3m in 2 of the last 4 years

Overall sucessful career

Genuine desire to own and maintain management role in a business here State Nomination

< 55 Years old unless exceptional economic benefit

Must be able to obtain $1m in venture capital funding

Business Innovation & Investment

(188 – Provisional → 888 Permanent)

Business Stream Investor Stream Significant Investor State Nomination

< 55 Years old unless exceptional economic benefit

Must achieve 65 pts in the Business Innovation & Investment Points Test

Must have had an overall Successful Career Ownership of business with >$500k turnover (2 of 4 years)

turnover (2 of 4 years) Net personal + Business Assets > $800k State Nomination

<55 Years old unless exceptional economic benefit

Must achieve at least 65 pts Business Innovation & Investment Points Test

Overall Successful Career Bus iness & Personal assets > $2.25m in 2 of last 4 yeaers

in 2 of last 4 yeaers In vestment in State bonds of $1.5m

> 3 years experience managing a qualifying business or eligibile investmnets

managing a qualifying business or eligibile investmnets Management of a bsiness in 1 of last 5 years with 10% shareholding or >$1.5m equity value State Nomination

Genuine intention to reside in the state

Must Invest $5m in comp;lying investment

The hurdle criteria for business and investment visas are quite onerous. Many applicants choose instead to establish a business in Australia and have that business sponsor them as a skilled employee. This will require showing that you have the skills and experience necessary to perform the nominated occupation. In most cases a positive skills assessment is not required.

If you are a business person and wish to migrate to Australia as a business owner, speak with a migration agent to discuss your options.