Let’s Know How to Apply for Entrepreneur visa in Australia

Australia is one of the growing hubs for immigrants. The number of immigrations every year is increasing exponentially. Be it students or people moving forward on work visa, Australia charms people for its high standard of living, beautiful surroundings, and favorable climate. But it is not just the students and working lot which is eager to shift to Australia. The entrepreneurs are also looking forward to make a mark in Australia and contribute to its economy. The new revised Entrepreneur visa in Australia was launched on 10 September 2016 with a name of the Business Innovation and Investment visa. Below discussed is the procedure to apply for an entrepreneurial visa.

• Expression of interest – The very first step which is to be taken for apply this visa is to create an expression of Interest (EOI) in your skill select. To open an advanced undertaking in Australia you will need a fund contract or a negotiation agreement approved by the funding body. A minimum of $200,000 contract must be made. The business plan must also be elaborated and documented as to how you will set up your business up in Australia.
After four years of positive entrepreneurial activity and a successful running venture, you can be eligible for a subclass 888 Business Innovation and investment Visa, which is the permanent entrepreneur visa of Australia.
• Nomination from a state or territory government – Once you are done with your expression of interest. The state or the territory government can invite you to set up your business, depending on their particular nomination criteria.
• Application Lodging – If your proposal is accepted you will get an invitation form the government and will be asked to apply for the provisional entrepreneur visa. Later you will have to provide the documents related to your identity and other important personal information like – health, character and language proficiency along with the evidence of funding.

You get 60 days to hold up your application in the stir of getting an encouragement to apply, so it's a smart thought to prepare your records ahead of time.