About Entrepreneur Stream
The Entrepreneur visa is a 4-year visa for people who have investor funding to develop an enterprise or business in Australia. It is one of the streams within the Subclass 188 Business Innovation and Investment visa.
This is a 4-year temporary visa. Once you have established business operations in Australia, you can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
You will need to spend at least 2 years in Australia on your Entrepreneur Visa, and be sponsored by a state or territory government to qualify for a permanent subclass 888 visa.
Eligibility Criteria
To be eligible to apply for 188 visa, under the entrepreneur stream, you must have:
- Age less than 55 years (unless your complying entrepreneur activity is of exceptional economic benefit to the nominating state or territory)
- Evidence of competent English at the time of invitation for visa
- A genuine intention of undertaking a complying entrepreneur activity in Australia
- Your complying entrepreneur activity must not be related to residential real estate, labour-hire or purchasing an existing enterprise or a franchise in Australia
- One or more legally enforceable agreement of funding worth at least AUD 200,000 from any of the following entities
- Publicly Funded Research Organisation
- State or Territory Government
- Commonwealth Government Agency
- The registered investor with Early State Venture Capital Limited Partnership or an Australian Venture Capital Limited Partnership
- Specified Higher Education Provider
- An agreement demonstrating of paying at least 10% funds to the entrepreneurial entity within 12 months of activity undertaken in Australia
- At least 30% of the interest in the entrepreneurial entity at the time of entering into the agreement
- A valid plan or innovative idea of leading commercialisation of a product or service or the development of enterprise in Australia
- Maintain an ongoing relationship with the nominating state or territory government
Need assistance for Entrepreneur Visa Stream ?
Business migration can be extremely complex Even determining whether you have a good chance of qualifying can be difficult You may be able to qualify in a number of different business migration categories Check your likely eligibility for business migration Will provide you with a comprehensive preliminary assessment of your likely eligibility