• You must be under 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the nominating state or territory;
• Score at least 65 on the Points Test ;
• For two out of the four fiscal years immediately before you are invited to apply, have had an ownership interest in an established business or businesses that had at least AUD750 000 turnover in each of those years;
• Own at least one of the following percentages of your nominated main business:
  • 51 per cent, if the business has a turnover of less than AUD400 000 per year.
  • 30 per cent, if the business has a turnover of AUD400 000 or more per year.
  • 10 per cent, if the business is a publicly listed company.
• Have an overall successful business career;
• Have a genuine desire to continuously own and maintain a management role in a business in Australia;
• You, your partner, or you and your partner combined must have total net assets of at least AUD1.25 Mill that are lawfully acquired and available for legal transfer to Australia within two years of the visa being granted;
• You and your partner must have had no involvement in unacceptable business or investment activities.

• You must be under 55 years of age, although a state or territory can waive this requirement if your proposed investment will be of exceptional economic benefit to the nominating state or territory;
• Score at least 65 on the Points Test ;
• Have a high level of management skills in relation to the eligible investment or qualifying business activity;
• Have at least three years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments;
• Have an overall successful record of eligible investment or qualifying business activity;
• Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.
• Have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment;
• You, your partner, or you and your partner combined must for at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:
  • A qualifying business in which you, your partner or you and your partner combined had at least 10 per cent ownership interest, or
  • Eligible investments owned by you, your partner or you and your partner combined of at least AUD1.5million.
• During the two fiscal years immediately before you are invited to apply, have legally acquired net business, investment and personal assets of at least AUD2.5 million that are available for legal transfer to Australia within two years of the visa being granted;
• Make a designated investment of at least AUD2.5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least four years from date of issue in your nominating state or territory;
• Have had no involvement in unacceptable activities.

Please note that the rules that were in force at the time that you applied for your Significant Investor visa will continue to apply for the duration of your provisional visa, including any Extension stream visas you apply for that relate to that provisional visa.

You must have a genuine and realistic commitment to:

• reside in the state or territory whose government agency nominated you,
• continue your business and investment activity in Australia after the conclusion of your provisional visa,
• live in Australia for at least 40 days per year (calculated cumulatively) for the duration of your provisional visa, or your spouse to live for at least 180 days per year (calculated cumulatively) for the duration of your provisional visa.

You, your partner, or you and your partner combined must have net assets of at least AUD5 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.

You and your partner must not have been involved in unacceptable business or investment activities.

You, members of your family unit aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.

Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.

You must also make a complying investment or a complying significant investment of at least AUD5 million over four years.

To obtain a 188E Business (Entrepreneur) visa, you must meet the following requirements:

• The applicant must be nominated by a state or territory government
• The applicant must have Competent English
• Be under 55 years of age (unless a state or territory government nominates you as providing ‘exceptional economic benefit’ to the state or territory.
• Have a funding agreement in place for at least $200,00 to establish a venture in Australia
• Ownership interest of at least 30% in the venture
• Your proposed venture need to be either commercialisation of a product or service in Australia, or development of an enterprise of business within Australia.
• Certain activities are not considered sufficiently innovative and are excluded – these include the purchase of an existing business or franchise, real estate activities and labour hire activities.

To apply for the Entrepreneur Visa, you will need to have an agreement for at least $200,000 in funding from a commercial agency, a state or territory government, a publicly funded research organisation or investors who are 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.