Australia is one of the most popular countries for expatriates, specifically skilled migrants. Skilled migrants are migrants who come to Australia on a temporary or permanent basis to work in areas where labor skills shortages exist. Skilled migrants need to be assessed by the Australian Immigration Department before they can enter Australia. In this article, we will discuss more about the top 5 visa options for skilled migration, including Australia Entrepreneur Visa on Contribution Category. If you want to know more, keep reading!In this article, we will look into the various ways in which an oppressed entrepreneur can get protection for different kinds of issues so that it becomes easier for them to start their business in Australia.

In Australia, you can migrate/move to Australia on a spouse visa if you’re looking to start a new life in the country. To do so, you must be sponsored by your future spouse in Australia. This visa allows you to live and work in Australia freely. If you want to make a move but are unsure about which spouse visa option is the best for you, this article will explore all the options that you have for moving to Australia as a partner of an Australian citizen or permanent resident .

Entrepreneur Visa For Australia

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Entrepreneur Subclass 188 Visas

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.

Duration and Conditions

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.

Do I Apply in Australia or Overseas?

You can either be in Australia or overseas when you lodge your application.

If you are in Australia, you must hold a substantive visa or a Bridging A, B or C visa.

Applications can only be lodged online via the SkillSelect system.

State/Territory Nomination

This visa is only available to applicants who are nominated by an Australian State or Territory government.

Visa Criteria

All applicants must meet the following criteria:

Nomination by a state or territory government
Competent English
Under 55 Years of age, unless a State or Territory Government nominates you as providing an “exceptional economic benefit” to the state or territory
Funding agreement in place for at least $200,000 to establish a venture in Australia
Ownership interest of at least 30% in the venture

Acceptable Business Activities

The proposed venture would need to be either:

Commercialisation of a product or service in Australia; or
Development of an enterprise or business in Australia

Certain activities which are not considered sufficiently innovative will be excluded. This are defined by legislative instrument and include:

Purchase of an existing business or franchise
Real estate activities
Labour hire activities

Eligible funding

To apply for the Entrepreneur Visa, you will need to have an agreement for at least $200,000 in funding from one or more of the following sources:

Commonwealth agencies
State and territory governments
Publicly funded research organisations
Investors registered as Venture Capital Limited Partnerships or Early Stage Venture Capital Limited Partnerships

The funding agreement must involve the transfer of at least 10% of the funds within 12 months of commencing the activity in Australia.

Business migration can be extremely complex, and even determining whether you have a good chance of qualifying can be difficult. In addition, you may be able to qualify in a number of different business migration categories.

If you would like us to check your likely eligibility for business migration or if you would like us to assist you with your application, you can book a consultation through our website. We will then provide you with a comprehensive preliminary assessment of your likely eligibility for business migration, and can discuss with you the best way to proceed with your application.

The Entrepreneur visa will be part of the Business Innovation and Investment visa programme. Entrepreneurs interested in applying for the Entrepreneur visa will need to submit an Expression of Interest (EOI) in SkillSelect and be nominated by a State or Territory government.

Key proposed eligibility criteria include:

Applicants must be undertaking, or proposing to undertake, an entrepreneurial venture in Australia.
The entrepreneurial venture must not be related to residential real estate or labour hire or involve purchasing an existing business or franchise.
Applicants must also be under 55 years of age, have a competent level of English, and have at least 30 per cent interest in their entrepreneurial venture.
There must be one or more funding agreements in place for at least $200,000 between the entrepreneur or venture and a third party funding body or bodies.
- Sources of third party funding are limited to state and territory governments, Commonwealth agencies, Publicly Funded Research Organisations, and investors registered as a Venture Capital Limited Partnerships (VCLP) or Early Stage Venture Capital Limited Partnerships (ESVCLP). Agreements outlining funds from a combination of these sources are also acceptable.
- Applicants must have a business plan outlining their plans for their venture in Australia.