Business migration


Australia'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.

Background

The Business Innovation and Investment Programme is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the national innovation system and to the Australian economy.

The objectives of the programme are to contribute to the growth of the Australian economy by:

  • generating employment

  • increasing the export of Australian goods and services

  • increasing the production of goods and services in Australia

  • introducing new or improved technology

  • increasing competition and commercial activity

  • developing links with international markets

  • increasing the dispersal of business migrants across Australia through state and territory government sponsorship.

Structure of the Business Innovation and Investment Programme

The Business Innovation and Investment Programme is a nominated programme which is made up of three subclasses:

1. Business Talent (Permanent) visa (subclass 132)

Visa Summary Features

​​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).

Visa Summary Requirements

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 AUD1.5 million and an annual business turnover of at least AUD3 million if you intend to apply for the visa in the Significant Business History stream, or

  • have obtained at least AUD1 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.

2. Business Innovation and Investment (Provisional) visa (subclass 188)

Visa Summary Features

This visa allows you to:

  • own and manage a business in Australia (the Business Innovation stream)

  • conduct business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor stream).

  • undertake an entrepreneurial activity in Australia (Entrepreneur stream)

Visa Summary Requirements

You might be able to get this visa if you are nominated by a state or territory government or Australian agency and are invited to apply by the Minister for Immigration and Border Protection.

3. Business Innovation and Investment (Permanent) visa (subclass 888)

Visa Summary Features

This visa allows you to:

  • continue to own and manage a business in Australia (the Business Innovation stream)

  • continue business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor stream)

  • continue entrepreneurial activity in Australia (Entrepreneur stream).​

Visa Summary Requirements

You might be able to get this visa if you are nominated by a state or territory or the Australian government; and

  • hold a provisional Business Innovation and Investment visa (subclass 188) and have met the requirements of that visa in the stream in which you first applied

or

  • hold a Special Category visa (subclass 444 This visa lets New Zealand citizens visit, study, stay and work in Australia) and have met the requirements of the business innovation stream.

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