Business Talent Visa

Business Talent (Migrant) visas are permanent visas available to applicants in two streams:

  • Significant Business History Stream: for people with ownership interests in large businesses.
  • Venture Capital Entrepreneur Stream: for people who have access to venture capital funding of at least AUD $1 million.

The visa grants permanent residence status.

Visa Details

 

  • You can either be in Australia or overseas when you lodge your application.
  • If you are in Australia, you must hold a substantive visa or a Bridging A, B or C visa.
  • Applications can only be lodged online via the SkillSelect system.

 

Eligibility

 

All applicants must meet the following criteria:

  • You are nominated by an Australian State or Territory government to migrate to Australia.
  • You have been invited to apply through the SkillSelect system.
  • You have a genuine and realistic commitment after entry into Australia to either establish a new business or to participate in an existing business; maintain substantial ownership interest; and be involved in the day to day management of the business.

Significant Business History Stream

For the Significant Business History Stream, you would need to meet the following criteria:

  • You are under 55 years of age, unless the nominating state or territory government certifies that the proposed business activity is of exceptional economic benefit.
  • For at least 2 of the last 4 fiscal years you had:
    • net assets in business of at least AUD 400,000; or
    • 10% ownership of the business if it is a publicly listed company.
    • the business had an annual turnover of at least AUD $3 million for two of the last four fiscal years.
  • You have net assets of at least AUD 1.5 million.

Venture Capital Entrepreneur Stream

For the Venture Capital Entrepreneur Stream, you must have a venture capital funding agreement of at least AUD $1 million through an Australian company who is a member of the Australian Venture Capital Association Limited (AVCAL).

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