Invest CAD 350,000
Invest AUD 1.25 million
Invest €1 million
1 – Have an idea for starting a business in Australia
2 – Have a funding of at least AUD200,000 to do business in Australia.
3 – Start-ups should have a business plan.
4 – Have a good grasp of the English language.
The provisional visa programme is divided into seven categories, which are as follows:
1 – Business Innovation Stream – This interim visa lets you run an Australian business. Austrade or a state or territory government agency must nominate you for this visa.
2 – Investor stream – This requires at least AUD 1.5 million in an Australian state or territory and ongoing commercial and investment activities in Australia.
3 – Significant investor stream – Applicants must spend at least AUD 5 million in Australia. Austrade or a State or Territory government agency must nominate them.
4 – Business innovation extension stream – This visa lets Business Innovation and Investment (Provisional) visa holders stay in Australia for two extra years. This extension requires an Australian State or Territory government agency or Austrade nomination and a three-year Business Innovation stream visa.
5 – Significant investor extension stream – This visa lets Significant Investor stream holders stay in Australia for four more years. An Australian State or Territory government agency or Austrade must nominate candidates for this extension.
6 – Premium Investor stream – Austrade nomination and AUD 15 million in Australian businesses or philanthropy are required for this visa.
7 – Entrepreneur stream – You can start your own business in Australia if you have this visa.
1 – You must apply through the Department of Home Affairs.
2 – Wait for a state or territory nomination from Austrade or contact them directly.
3 – Those invited can apply for visas.