Do you wish to apply Australia Business Visa? Want to know the fund requirement for the programs? We present the in-depth research and validation on the money requirement for your business immigration to Australia. As a thumb rule, one should understand that specific financial requirements for a business visa in Australia can differ depending on the type of visa you are applying for. Generally, the Australian government requires evidence of sufficient funds to cover your living expenses, business expenses, and any accompanying family members.
Below is the list of fund requirement for each business subclasses:
Australia Subclass 188 Visa (Business Innovation and Investment) has four sub-streams catering to different kinds of business professionals:
- Business Innovation stream: You must have business ownership for last two years with AUD 750,000 turnover in those years and a total personal and business net value of at least AUD 1.25 million.
- Investor stream: You must have owned or managed a business at least one year in last 5 years.
- Minimum 10 percent ownership interest or investments of AUD 2.5 Million owned by you
- Demonstrate total net value of business and personal assets of at least AUD 2.5 million
- Make a designated total investment of AUD 2.5 Million in the following proportions:
- Invest minimum AUD 500,000 in venture capital and growth private equity funds
- Investment minimum AUD750,000 in approved managed funds that invests in emerging companies on the Australian Stock Exchange
- Make an investment of at least AUD 1.5 million in managed funds
- Significant Investor stream: Under this Australia Investment Visa category, you make a complying investment of at least AUD 5 million in the Australian economy in the following proportions:
- Minimum investment of AUD 1 million in venture capital and growth private equity funds
- Minimum investment of AUD 1.5 million in approved managed funds that invests in companies listed on the Australian Stock Exchange
- Make a ‘balancing investment’ of at least AUD2.5 million in managed funds
- Entrepreneur stream: There is no specific financial requirement, but you must have funding or access to funding to carry out entrepreneurial activities in Australia. You must have received endorsement from the state or territory to start your entrepreneurial journey in Australia.
Subclass 132 Business Talent Visa – It is category of Australia Business Visa which mainly divided into two sub-streams:
- Significant Business History Stream: Have total net asset of minimum of AUD 1.5 million
- Have annual turnover of minimum AUD 3 Million from maximum 1 to 2 businesses in last 2 years
- Have minimum AUD 400,000 from the ownership interest
- Venture Capital Entrepreneur Stream: Must secure a funding of minimum AUD 1 Million for a high value business idea. Must enter an agreement with the Australian Venture Capital Firm.
Do you wish you to more about the Australia Subclass 188 Visa and other business immigration fund or process requirements, then you can reach our experts at 8595338595 or mail us at [email protected]