For applicants who have had a very successful business career, and wish to own and manage a new or existing business in Australia
For applicants who have obtained the requisite funding from an Australian venture capital firm
Criteria to apply:
An applicant might be able to get this visa if they are nominated by a state or territory government agency and are invited to apply by the minister
The applicant must be of good character to enter Australia
Once invited to apply, the applicant must either:
have net business and personal assets of at least AUD1.5 million and an annual business turnover of at least AUD3 million if they intend to apply for the visa in the Significant Business History stream, or
Have obtained at least AUD1 million in venture capital funding to start the commercialisation and development of a high-value business idea in Australia if they intend to apply for the visa in the Venture Capital Entrepreneur stream.