- You should have a nomination by a state or territory government
- Invitation to apply through Skill Select
- You should be under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit.
- Meet the pass mark in the Business Innovation and Investment Points test (currently 65)
- Have an overall successful career in business or investment
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[accordion-item title=”Business Innovation Stream”]
For the business innovation stream, you must:
- be under 55 years of age
- score at least 65 on the points test
- for two out of the four fiscal years immediately before you are invited to apply, have had an ownership interest in an established business or businesses that had at least AUD500 000 turnover in each of those years
- own at least one of the following percentage of your nominated main business:
- 51 per cent, if the business has a turnover of less than AUD400 000 per year
- 30 per cent, if the business has a turnover of AUD400 000 or more per year
- 10 per cent, if the business is a publicly listed company
- have an overall successful business career
- have a genuine desire to continuously own and maintain a management role in a business in Australia
[/accordion-item][accordion-item title=”Investor Stream”]
This option requires you to have managed investments or owned a business, and to be willing to invest AUD 1.5 million in Australian State or Territory Government bonds. If you are applying for the Investor Stream, the requirements are as follows:
- You have had business and personal net assets of at least AUD 2.25 million for the last 2 fiscal years
- You must make an investment of AUD 1.5 million in Australian State or Territory bonds prior to grant of the visa
- You have 3 years of experience either managing a qualifying business or “eligible investments”, and have showed a high level of management skill
For at least 1 of the last 5 fiscal years, you have either:
- Managed a business in which you hold a 10% shareholding; or
- Managed “eligible investments” of at least AUD 1.5 million
“Eligible investments” for the purposes of the Investor Stream include:
- Ownership interests in a business
- Cash on deposit
- Stocks or bonds
- Real estate
- Gold or bullion
- Loan to a business
[/accordion-item][accordion-item title=”Significant Investor Stream “]
A new stream for the subclass 188 visa will be introduced some time in 2012-13. This “Significant Investor” stream will require an investment of at least AUD 5 million into:
- State or Territory Bonds
- ASIC approved managed funds directly into Australian companies.
Significant investors will have concessions on the residence requirement when applying for their permanent business visas.
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