This visa stream requires state or territory Nomination
Be less than 55 years old
You have at least 65 points on the Department points test for the Business Innovation & Investment visa.
For at least 2 of the 4 fiscal years immediately before the application is made, you had a qualifying ownership interest 1 in up to 2 main businesses that had an annual turnover of at least $AUD500,000.
Your (or your and your spouse’s combined) business and personal assets have a net value of at least $AUD800,000 which are available for the conduct or establishment of a business in Australia and are lawfully acquired and available for transfer to Australia within 2 years of the grant of a State/Territory Sponsored Business Innovation & Investment (Provisional) visa.
You have not engaged in a business where a provision of professional, technical or trade services took up more than 50% of your time.
You have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business.
You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity.
Neither you nor your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
Provisional visa holders in the Business Innovation stream may be eligible to apply for an extension to their provisional visa for an additional 2 years if the extra time is needed to meet the criteria for the permanent visa, subclass 888.