This visa stream is best suited for the applicants who have successfully obtained a funding agreement from an Australian entity. Please see below a summary of eligibility criteria that the primary applicant will be required to meet to lodge a visa application.

Eligibility Criteria:
  • Be nominated by a state or territory government
  • Have competent English
  • Be under the age of 55 Years, unless a State or Territory Government nominates you as providing an “exceptional economic benefit” to the state or territory in which case an applicant can be over 55 years
  • Have entered into an acceptable funding agreement* with an Australian entity for an investment of at least $200,000 to establish a venture in Australia
  • Have ownership interest of at least 30% in the proposed business venture
  • Meet the health and character requirements
Acceptable Business Activities:
  • Commercialisation of a product or service in Australia; or
  • Development of an enterprise or business in Australia
Eligible Funding Agreement*

To apply for the Entrepreneur Visa, the applicant will need to have an agreement for at least $200,000 in funding from one or more of the following sources:

  • Commonwealth agencies
  • State and territory governments
  • registered as Venture Capital Limited Partnerships or Early-Stage Venture Capital Limited Partnerships
  • Publicly funded research organisations
  • Investors

*At least 10% of the funds must be deployed within 12 months of commencing the activity in Australia.

Visa Application Charges
First VAC
  • Primary Applicant: $4,115 | Secondary Applicant – over 18 years: $2,060 | Additional applicant – under 18 years: $1,030
Second VAC
  • A primary applicant over the age of 18 years assessed as not having functional English – $9,795
  • Any other applicant over the age of 18 assessed as not having functional English – $4,890

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