The Australian Business Innovation Stream (Provisional) visa is a temporary business skills visa that allows successful business people to own a new or existing business in Australia.
The Australian Business Innovation Stream (Provisional) visa is valid for four (4) years and visa holders may be eligible to apply for permanent residence after meeting the obligations of their provisional visa for at least two (2) years.
1. Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit.
2. Pass the business Innovation Points test with at least 65 points.
3. Make an investment of AUD 1.5 million in Australian State or Territory bonds prior to grant of the visa.
4. Have at least 3 years of experience of direct involvement in managing one or more qualifying businesses or eligible investments with high level of management skills.
5. Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.
1. No Age limit
2. Do not need to Pass the Innovation Points test
3. Make an investment of AUD 5 million in Australian State or Territory bonds prior to grant of the visa
4. 160 days spent in Australia in 4 years.
Visa applicants must be nominated by a State or Territory government and willing to make investments of at least five million Australian dollars into
1. Commonwealth, state or territory government bonds.
2. Australian Securities and Investment Commission (ASIC) regulated managed funds that are open to the general public and have a mandate for investing in one of the following Australian assets:
→ infrastructure projects in Australia;
→ cash held by Australian deposit taking institutions;
→ bonds issued by the Commonwealth Government or a State or Territory government;
→ bonds, equity, hybrids or other corporate debt in Australian companies and trusts listed on any Australian Stock Exchange;
→ bonds or term deposits issued by Australian financial institutions;
→ real estate in Australia;
→ Australian Agribusiness; and
→ other ASIC regulated managed funds that invest in the above list of investments.
3. Direct investment into private Australian companies not listed on any Australian stock exchange. You must obtain an ownership interest in the company. The company must:
→ genuinely operate a qualifying business in Australia
→ be registered with ASIC
→ have an Australian Business Number (ABN).