Australia is a well developed nation and full of opportunities. It attracts not only students and engineers but also businessmen across the world to invest in the land. The political stability and constant economic growth are two primary reasons for the increasing number of permanent business visa to Australia or business talent visa.

What is a Business Talent (permanent) Visa?

The Business Talent visa is a permanent residence visa for businesses who are nominated by an Australian state or territory government agency to establish a new or existing business in the country. It has two streams.
Significant business history stream is for high-calibre businessmen who want to invest in Australia.

Venture capital entrepreneur stream is for those who have sourced venture capital funding from a member of the AVCAL.

Significant Business History Stream

You can plan for the stream alone or with your partner. Eligibility for the stream is as follow-

• You should have a total net asset of at least AUD 400,000 and interest in one or more qualifying businesses for at least 2 years immediately after you get invitation to apply for a business talent visa.
• You should have net business and personal assets of at least AUD 1.5 million that you can show immediately or within 2 years after the visa is granted.
• There should a turnover of at least AUD 3 million during two of the four fiscal years.
• Moreover, your business history should be successful.
• You should be focused to your business instead of other activities.
• You should have genuine interest to start a business in Australia.
• The age limit should be younger than 55 years. It also depends on the state/territory requirements.
• Venture Capital Entrepreneur Stream

Following are eligibility for the stream.

• You must have got financial assistance from an Australian venture capital firm of at least AUD 1 million.
• The financial aid you have received for your start-up, business development or product commercialization.
• Getting membership of the AVCAL is essential.
• You should have a formal agreement with the venture capital firm for the funding.

The last but not the least thing is that your business plan or business idea to invest in Australia should be well focused. You should take the Australian government under the confidence that your business idea will hardly fail. Getting the permanent business visa for Australia is a tough process. You can ask help from a migration agency in Australia.