Your guide to migrating to Queensland: choosing the right business visa

Key to a successful nomination is choosing the right business visa for your situation and needs

 

The first step to preparing a successful business application is:

  1. Ensure you meet BOTH Queensland state criteria and Department of Immigration Border Protection (DIBP) criteria for your chosen business visa
  2. Ensure you are able to provide required documentation to meet Queensland state criteria before submitting your Expression of Interest (EOI).

View the comparative table below:

 

 BUSINESS VISA  BSMQ CRITERIA  BSMQ required documents
Business Talent (Permanent) Visa (Subclass 132)
  • total net business and personal assets of at least A$1.5 million to be transferred to Queensland within 2 years of your visa being granted, which includes a minimum of A$1 million for investment into a business and a minimum of A$500,000 for settlement costs
  • a commitment to Queensland with an intention to reside and invest in Queensland
  • QLD State Nomination Application Form
  • Business Proposal Summary (see how to complete your Business Proposal)
  • DIBP 1139A Format least the latest financial year’s Statement of Assets and Liability statement (SALP) showing adequate net business and personal assets
Business Innovation (Provisional) Visa (Subclass 188A)
  • total net business and personal assets of at least A$800,000 to be transferred to Queensland within 2 years of your visa being granted, including a minimum of A$200,000 for investment into a business
  • commit to living in Queensland
  • Please note: BSMQ does not nominate entry level franchise, small retail and small hospitality establishments
  • Qld State Nomination Application Form
  • Business proposal summary (see how to prepare your Business Proposal)
  • DIBP 1139A Form: at least the latest financial year’s Statement of Assets and Liability statement (SALP) showing adequate net business and personal assets
Business Investor (Provisional) Visa (Subclass 188B)
  • total net business and personal assets of at least A$2.25 million to be transferred to Queensland within 2 years of your visa being granted
  • make and maintain your designated investment of at least A$1.5 million in Queensland Treasury Corporation Bonds for at least four years
  • commit to living in Queensland
  • Qld State Nomination Application Form
  • Summary of your Business & Investment background
  • DIBP 1139A Form:  required to provide 3 consecutive Statement of Assets and Liability statements (SALP) showing that you and/or your spouse or de facto partner have 50% more than the proposed designated investment(s), that is, you have owned net assets of A$2.25 million
Significant Investor (Provisional) Visa (Subclass 188C)
  • at least A$5 million available for transfer into complying investments in Australia
  • meet the complying investment frameworks set by Austrade and provide details of your complying investment intentions to BSMQ
  • a commitment to Queensland with an intention to reside and invest in Queensland
  • Qld State Nomination Application Form
  • DIBP 1139A Form: at least the latest financial year’s Statement of Assets and Liability statement (SALP) showing adequate net business and personal assets
Premium Investor Visa (188D) Visit the Austrade website for more information
Entrepreneur (Provisional) Visa (188E)
  • have a funding agreement from a third party* of at least A$200,000 to undertake a complying entrepreneur activity
  • provide a comprehensive company business plan, demonstrating an entrepreneurial activity which relates to an innovative idea that is proposed to lead to the commercialisation of a new or improved product or service or the development of a new enterprise of business
  • provide proof of at least 30% share in the ownership of the entrepreneurial entity at the time of entering into the agreement
  • provide proof of sufficient settlement funds
  • must commit to living in Queensland
  • QLD State Nomination Application Form
  • Business Proposal Summary (see how to complete your Business Proposal)
  • A comprehensive Business Plan for the entrepreneurial entity
  • DIBP 1139A Form: at least the latest financial year’s Statement of Assets and Liability statement showing adequate net business and personal assets
  • Legally enforceable agreements to receive funding with a total of least A$200,000 from one of the DIBP listed entities
  • *Third Party definition
    • Commonwealth Government agency
    • State or Territory Government
    • Publicly Funded Research Organisation
    • Investor registered as an Australian Venture Capital Limited Partnership or Early State Venture Capital Limited Partnership
    • Specified Higher Education Provider

 

For all other Business Visas, go to https://migration.qld.gov.au/business-visa-options/


See our other posts in the series