What is the Venture Capital Entrepreneur visa stream? 132B Venture Capital Entrepreneur Stream -The Department of Immigration and Border Protection (DIBP) administers the Business Talent (Subclass 132) visa. The Venture Capital entrepreneur circulate of the Business Talent visa gives direct everlasting entry for migrant marketers who've correctly sourced venture capital investment thru a Venture Capital member of AVCAL.
There are a series of necessities the applicant have to meet. Some of these are : Have obtained at last AUD$1million in investment from an Australian challenge capital firm The investment need to be for :
(a) the early stage commercial enterprise begin-up; (b) commercialisation of a product; (c) enterprise development of a promising excessive-price enterprise concept
The challenge capital firm must be a member of the Australian Private Equity and Venture Capital Association Limited. The nominating State or Territory Government company is satisfied that the applicant (or applicant and partner collectively) has sufficient assets to settle in Australia
There are not any necessities as to : ● ● ● ● ● ● ●
age, business records, employment history, turnover, internet property, taxation, or supply of budget.
Features ​This visa lets in you to establish a brand new or increase an existing commercial enterprise in Australia. It has two streams: Significant Business History move: for excessive-calibre enterprise owners or element-owners who need to do commercial enterprise in Australia Venture Capital Entrepreneur move: for humans who have sourced challenge capital investment from a member of the Australian Venture Capital Association Limited (AVCAL).​ Requirements You is probably able to get this visa if you are nominated by a country or territory authorities company and are invited to use by way of the minister. You must also either: have net commercial enterprise and personal belongings of at least AUD1.Five million and an annual commercial enterprise turnover of at least AUD3 million in case you intend to apply for the visa inside the Significant Business History flow, or have received at the least AUD1 million in challenge capital investment to start the commercialisation and improvement of a excessive-price commercial enterprise idea in Australia in case you intend to use for the visa within the Venture Capital Entrepreneur circulation.