This visa has two streams.
- The Significant Business History stream is for affluent owners or part owners of a business who want to have a major management role in a new or existing business in Australia.
- The Venture Capital Entrepreneur stream is for people who have obtained at least AUD1 million in funding from an Australian venture capital firm.
Applications are by invitation only. To be invited to apply, a person must lodge an Expression of Interest, be nominated by a state or territory government, be less than 55 years of age, and
- have personal and business assets of AUD1.5 million (AUD400 000 must be net assets in the business), and have a business turnover of AUD3 million, or
- have obtained at least AUD1 million in funding from an Australian venture capital firm for a promising high value business idea.