This visa is a permanent visa for applicants who want to establish or develop a business in Australia and who are nominated by a State or Territory.
To be able to apply for this visa you must first lodge an Expression of Interest ('EOI') through the Department of Immigration's SkillSelect program and receive an invitation to apply from a nominating State or Territory Government agency. If an applicant receives an invitation to apply then the visa application must be lodged within 60 days.
Applicants must be under 55 years of age at the time of invitation although States and Territories can waive this requirement if the business to be established is considered will be of 'exceptional economic benefit'.
Applicants must have an overall successful business career and have a genuine intention to own and manage a business in Australia as well as: