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Australian Business investment Visas

2018-10-17 08:33 Tag:Australian Encyclopaedia
Australian business investment immigration falls into two main categories. One is for business owners or shareholders. As long as you have certain shares in the company and the company's turnover meet certain conditions, you can apply for this type of visa along with other requirements. The other type is for investors. As long as you have certain investment management experience, or the funds meet the application requirements, you can also migrate to Australia. Both types of business investment visas are very popular amongst successful business people and high-ranking managers.

The Australian Business Investment Visa is divided into subclass 132 Business Talent category which allows the applicants to get permanent residence straight away, while subclass 188 Business Innovation and Investment category allows the applicants to get a four-year provisional visa first and fulfil certain requirements before getting permanent residence. Economically dependent children under the age of 23 can be included in the application. 

1.132A Significant Business History Stream:
a)Main applicant must be under the age of 55;
b)Total net business and personal assets of at least AUD 1.5 million;
c)Ownership of at least 30 per cent of a business;
d)Total business net assets of at least AUD 400,000;
e)Total annual turnover of at least AUD 3 million in at least two of the four fiscal years immediately before you are invited to apply.
f)After granting of the 132A visa, you must complete investment within 24 months after landing with no less than AUD 1.5 million. 

2.132B Venture Capital Entrepreneur Stream:
a)Main applicant must be under the age of 55;
b)The business that you prepare to establish or join in Australia must be innovative and have the potential to make a substantial benefit to the economy. The business must also be approved and receive at least AUD 1 million in funding from an Australian venture capital firm.
c)No language or source of fund requirements

3.188A Business Innovation Stream:
a)Main applicant must be under the age of 55;
b)Total net business and personal assets of at least AUD 800,000;
c)Ownership of at least 30 per cent of a business;
d)Total annual turnover of at least AUD 500,000 in at least two of the four fiscal years immediately before you are invited to apply.
e)Score at least 65 on the points test to be eligible to submit the Expression of Interest (EOI).

4.188B Investor Stream:
a)Main applicant must be under the age of 55;
b)For the five fiscal years immediately before application, you must have at least three years’ experiences of direct involvement in managing one or more qualifying businesses or eligible investments. Among these three years, you must be engaged in direct investment of at least AUD 1.5 million for at least one year. 
c)During the two fiscal years immediately before you are invited to apply, you, your partner, or you and your partner combined must have total net business and personal assets of at least AUD 2.25 million;
d)After granting of the pre-approval letter, you must make a designated investment of at least AUD 1.5 million into the Australian government approved bonds before granting of the 188B visa;
e)Score at least 65 on the points test to be eligible to submit the Expression of Interest (EOI).

5.188C Significant Investor Stream:
a)No age limit, no requirement to go through the points test (EOI);
b)Main applicant and partner must have total net assets of at least AUD 5 million that are available to be transferred to Australia, and must provide a brief explanation on the source of funds;
c)After granting of the pre-approval letter, you must make a complying investment of at least AUD 5 million into the Australian government approved bonds, funds or company before granting of the 188C visa.

6.188E Entrepreneur stream:
a)Main applicant must be under the age of 55;
b)Competent English: IELTS results must score at least 6 for each component or equivalent;
c)Main applicant must be undertaking or proposing to undertake a complying entrepreneur activity in Australia, which must satisfy the following conditions:
i.Relates to an innovative idea and have the potential to make a substantial benefit to the economy;
ii.Must not relate to: Residential real estate, Labor hire or Purchase of an existing enterprise or a franchise in Australia;
iii.Have one or more legally enforceable agreements to receive funding with a total of at least AUD200,000 from a Commonwealth Government Agency, State or Territory Government, Publicly Funded Research Organization, Venture Investor registered as Australian VCLP or ESVCLP, or Specified Higher Education Provider;
iv.At least 10 per cent of the funding must be payable to the entrepreneurial entity within 12 months of the day the activity starts to be undertaken in Australia;
v.hold at least 30 per cent interest in your entrepreneurial entity;
vi.Provide a business plan.
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