Business Visa – Kan Migration Services

The Business Innovation and Investment Program (Permanent-Subclass 888)

This visa allows holders of Subclass 188 (Business Innovation and Investment Program) in the Business Innovation stream or the Business Innovation Extension stream, or Subclass 444(Special category holders), or certain holders of Subclass 457 to stay permanently in Australia.
It includes Business Innovation stream, Investor stream, Significant Investor stream, Premium Investor stream, and Entrepreneur stream.
Business innovation stream is for someone who has proven Business experience and has genuine intent to start and own the Business in Australia. Candidate who has proven minimum of 2 year of owning and operating business experience four fiscal years immediately before you are invited to apply , Turner over of such business is minimum of AUD500,000 for each year and has total lawful assets including business and personal of at least AUD 800,000 that is readily available to be transferred to Australia for investment within 2 years of visa grant .

Investor Stream:

Applicant should have lawful acquired net business, investment and personal assets of at least AUD2.25 million for two financial years before you are invited to apply and that are available to be transfered to Australia within two years of the visa being granted.

Make a designated investment of at least AUD1.5 million in a state and hold that investment for at least four years from date of issue in your nominating state or territory.

The Significant Investor (SIV) stream

For Applicant who are capable and willing to invest at least AUD 5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured.

The Premium Investor (PIV) stream

Designed to encourage investment into Australia of at least AUD 15 million that makes a material difference and attracts entrepreneurial skill and talent.

The Business Innovation and Investment Visas have a two stage process to Permanent residency: initially a temporary visa is granted and then if certain requirements are met, a permanent visa will be granted.

Basic eligibility requirement:

One must hold a relevant stream of the subclass 188 visa or in relation to applications for a subclass 888 visa in the Business Innovation stream, hold a relevant stream of the subclass 188 visa, or a subclass 444 (Special Category) visa, or a subclass 457 (Business (Long Stay)) visa granted in certain circumstances.

• The Business Talent (Permanent) (Subclass 132)
This visa allows you to develop an existing or establish a new business in Australia. It further has Significant Business History and Venture Capital Entrepreneur streams.
The key eligibility requirements are:

• be nominated by an Australian state or territory government agency
• be invited to apply for the visa
• have the required funding or assets

Significant Business History stream: This visa is for experienced business owners, to operate a new or existing business in Australia.You must have net business and personal assets of at least AUD1.5 million and an annual business turnover of at least AUD 3 million.

Venture Capital Entrepreneur stream: This visa is for people who have sourced venture capital funding from a member of the Australian Investment Council (AIC) (formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL). You must have funding of at least AUD1 million from an Australian venture capital firm.

• Business Owner (Subclass 890)
This visa is for people who own and manage a business in Australia and allow them to stay here for an indefinite period.
The key requirements are:

hold an eligible visa
have lived in Australian on that visa for at least 12 months in the 2 years immediately before the application is made while holding this visa
have owned and operated a business in Australia for at least 2 years immediately before the application is made

Business Visa Point Calculation Summary

Age
Score for this Criteria:
Which age band do you fit into?

18 to 24 – 20 Points
25 to 32 – 30 Points
33 to 39 -25 Points
40 to 44 – 20 Points
45 to 54 – 15 Points
55 and older – 0 points

English Language Ability

Score for this Criteria:
How would you rate your English language ability?

Functional English – 0 Points
Vocational English – 5 Points
Proficient English – 10 Points

Educational Qualification

Score for this Criteria:

No recognized qualification – O Point
Trade certificate, diploma or bachelor degree by an Australian education institute; or a
bachelor qualification recognised by an educational institution of a recognised standard – 5 Points
A Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification in business, science or technology by an educational institution of a recognised standard – 10 points

Financial Assets

Score for this Criteria:

Net business and personal assets of you, your partner or you and your partner combined in each of
the preceding 2 fiscal years of at least:

Less than AUD 800,000 – o points
Not less than AUD 800,000 – 5 points
Not less than AUD 1.3 million – 15 points
Not less than AUD 1.8 million – 25 points
Not less than AUD 2.25 million – 35 Points

Business Turnover

Score for this Criteria:

You had an ownership interest in one or more main businesses that had an annual turnover in at
least 2 of the 4 fiscal years immediately before the time of invitation to apply for the visa:

Less than AUD 500,000 – 0 Points
Not less than AUD 500,000 – 5 Points
Not less than AUD 1 million -15 Points
Not less than AUD 1.5 million – 25 Points
Not less than AUD 2 million – 35 points

Business Innovation Stream Only

Score for this Criteria:
You have held 1 or more main businesses before you were invited to apply for the visa for:

7 years or more within the preceding 8 years – 15 points
4 years or more within the preceding 5 years – 10 points
0 year or more – 0 Points

Investor Stream Only

Score for this Criteria:
Immediately before the time of application you held eligible investments of at least AUD100,000
held for:

7 Years or More – 15 points
4 Years or More – 10 points
0 Years or More – 0 Points

Business Innovation Qualifications

Score for this Criteria:

Patents or designs registered not less than 1 year before that time and used in the day to day activities of the main business – 15 points
Trademarks registered not less than 1 year before that time and used in the day to day activities of the main business – 10 points
Participating actively in the management of one or more business operated, under a formal joint venture agreement/s not less than 1 year – 5 Points
An ownership interest in a main business/s that derives no less than 50% of its annual turnover from export trade – 15 points
- An ownership interest in a main buisness/s not more than 5 years before :having average annualised growth in turnover that was <20% per annum over 3 continuous fiscal years;
- in at least one of the 3 fiscal years employed 10 or more employees for a total number of hours same as 10 full-time employees – 10 points
An ownership interest in a main business/s that received :
- a grant from a government body in your home country of at least AUD10,000 for the purposes of early phase start up of a business, product commercialisation, business development or business expansion or
- venture capital funding of at least AUD100,000 not more than 4 years for the purposes of early phase start up of a business, product commercialisation, business development or business expansion before the invitation – 10 points
None of Above – 0 Points

Special Endorsement

Score for this Criteria:
The nominating State or Territory government agency has determined that your proposed business
is of unique and important benefit to the State or Territory where the nominating government
agency is located

Yes — 10 points

No – 0 Points