3. Obtain a Visa
Business Innovation Visa
There are 4 visas for investors to apply for in
Australia: These are called the Business
Innovation and Investment Visas.
Each visa has its own eligibility conditions.
In this presentation, we will focus on obtaining
the Business Innovation and Investment
(provisional) Visa (subclass 188).
Business
Innovation &
Investment Visas
4. How do I get started?
In this presentation, we will focus on
obtaining the Business Innovation Visa.
In order to successfully obtain the
Business Innovation Visa, you will have
to follow the requirements outlined in
this presentation.
5. How does this visa work?
What is the Business Innovation
Stream?
Visa for successful foreign-national
businesspeople who want to establish or
develop a business in Australia.
.
You can stay in Australia for up to 4
years and 3 months.
You can bring eligible members of your
family with you.
You can apply for permanent residency
if you meet certain eligibility
requirements.
6. Requirements
• have a substantial ownership stake in a
business in Australia
• take part in its day-to-day management, at
a senior level
Additionally, your business activities must
achieve one of these objectives:
• add to commercial activity and
competitiveness within the Australian
economy
• develop business links with international
markets
• employ people in Australia
• export Australian goods
• introduce new or improved technology, or
• produce goods or services that Australia
would otherwise import.
Obligations for the Business
Innovation Visa
7. Now that you have
chosen to invest in
Australia, what is
the process?
8. Expression of Interest
Step 1
SkillSelect System
Submit an informal Expression of Interest
(EOI) to the department of Home Affairs
through the SkillSelect online platform.
Once an EOI is submitted, these details can be
viewed by Australian employers, state and territory
governments and by the Australian Government
who have the ability to extend an invitation to lodge
a visa application.
SkillSelect Test
Applicants are scored on the following factors:
• Age
• English language ability
• Qualifications
• Experience in business or investment
• Net personal and business assets
• Business turnover
• Business innovation
• Special endorsement.
9. Step 2:
Complete
Required
Documentation Visa Application
1) Fill out the electronic visa application form.
2) Provide translated and apostilled documents
and a copy of your passport.
3) Pay your application fee
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