Features
This visa permits you to establish a new or existing business development in Australia.
It has two streams:
- The first one is "Significant Business History stream" this stream is for high-calibre business owners or part-owners who plans to do business in Australia.
- The second one is "Venture Capital Entrepreneur stream" this stream is for people who have sourced the venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).
It lets you and any of your family members who granted this visa:
- Can stay in Australia indefinitely
- Can study and work in Australia
- Can enrol in Medicare, Australia's scheme for health-related care and expenses
- Can apply for Australian citizenship if eligible
- Can sponsor eligible relatives for permanent residence
- Can travel to and from Australia for five years (after that time, you will need a resident return visa or another visa to return to Australia).
You might qualify for a special benefit from Centrelink if you suffer a major change of circumstances that are beyond your control.
Processing Time
The whole processing time is in between 15 to 17 months. Length of Stay is Permanent.
Eligibility Criteria
You must:
- Be nominated by a territory or state government agency
- Be invited to apply for the visa
- Have assets of AUD 1.5 million and business turnover of AUD 3 million (Significant Business History stream) or
- Have to fund of at least AUD 1 million from an Australian venture capital firm (Venture Capital Entrepreneur stream).
Costs & Visa Fees
Visa Charges: AUD 7130
Adult Dependant: AUD 3565
Child Dependant: AUD 1780
Career Overseas Service Charges: Please contact our Visa Experts
