Business Talent Visa
For the high caliber business people, the Business talent Visa is designed which is ideal for the owners or part-owners of an overseas business, and have a genuine and realistic commitment to participating in the management of an existing or new business in Australia.
There are two streams in the Business Talent Visas: one is the Significant Business History stream and two is the Venture Capital Entrepreneur stream.
- Significant Business History stream
- Venture Capital Entrepreneur stream
- Significant Business History stream
To submit an expression of interest, you should meet the following criteria:
- Must be under 55 years of age.
- net assets of at least AUD 400 000 in a qualifying business in at least two of the four fiscal years immediately before you are invited to apply
- total assets of at least AUD 1.5 million that can be legally transferred to Australia within two years of the visa being granted
- a total annual turnover of at least AUD 3 million in your main businesses in at least two of the four fiscal years immediately before you are invited to apply
- having ownership of at least:
- 51 per cent of a business with turnover of less than AUD 400 000 per annum,
- or 30 per cent of a business with turnover of more than AUD 400 000 per annum,
- or 10 per cent of a publicly-listed company
- an overall successful business career with no involvement in unacceptable business activities
- A genuine desire to own and maintain a management role in a business in Australia.
- Venture Capital Entrepreneur stream
You must have obtained at least AUD 1 million in funding from an Australian Venture capital firm for the product commercialization, start-up, or business development if you apply for the Venture Capital Entrepreneur stream, relating to a promising high value business idea.