- Requires invitation to apply for the visa
- Be less than 55 years old (exemption applies)
- Has Competent English
- Undertaking, or proposing to undertake, a complying entrepreneur activity
- Genuine intention to undertake, and continue to undertake, the complying entrepreneur activity in Australia
- Has sufficient business and personal assets to settle in Australia
- For offshore applicants, first entry must be made before the date specified by the Minister
- Maintain an ongoing relationship with the nominating State or Territory
Main Eligibility for Permanent Resident Visa
- Be in Australia for at least 2 of the 4 years
- Have a successful record of entrepreneurial activities
Did you know?
- To be considered complying entrepreneur activity, a number of criteria must be met, including there must be at least AUD200,000 in funding (for example, funding can be from Commonwealth agencies, Venture Capital Limited Partnerships, etc.)
- The entrepreneur activity must relate to an innovative idea (an idea must lead to business development or commercialisation of a product or service in Australia)
|Stay||Up to 4 years and 3 months with pathway to Business Innovation and Investment (Permanent) visa subclass 888 which is a permanent visa|
|Cost||AUD4,045 for primary applicant
AUD2,025 for additional applicant over 18 years
AUD1,010 for additional applicant under 18 years
|Processing Time||75% of applications: Processing times are not available
90% of applications: Processing times are not available
You and your family members may be required to take a health examinations to meet the health requirement to show that you are free from any disease or condition that is:
- a significant healthcare and community service cost to the Australian community
- likely to limit the access of Australian citizens and permanent residents to healthcare and community services that are in short supply by placing demand on those services.
Your health examination will include the standard medical examination. Additional tests (such as TB Screen test, chest x-ray, and HIV test) will be required by different age groups. In some circumstances, you may be required to take additional tests such as: hepatitis B and C test, syphilis test, HIV test, and tests that address your specific health risks.
You must be of good character and pass the character test. There are a number of circumstances where you may not pass the character test. For example, if you have a substantial criminal record. A substantial criminal record means if you have been:
- sentenced to death or imprisonment for life
- sentenced to a term of imprisonment of 12 months or more
- sentenced to two or more terms of imprisonment (even if served concurrently) where the total is 12 months or more
- found by a court to not be fit to plead in relation to an offence but found to have committed the offence and detained in a facility or institution
You may be required to obtain one or more documents to prove your character, such as: a police certificate, Form 80, character statutory declaration, military certificate, or a letter of good conduct from an employer.
Start today – take the free initial assessment.
Check out our latest updates
- Australia Migration Program 2020-21
- Travel Exemption Approvals during COVID19
- State Nomination for 188 & 132 visa re-open for Victoria
- Subclass 188 visa holders added to the inbound travel exemption
- Announcement of new Priority Migration Skilled Occupation List (PMSOL)
- SkillSelect Invitation Rounds – 11 August 2020