Migration for business people, investors and self-funded retirees
The Australian Government’s Visa Wizard can help you find the right visa.
Some business, investor and retiree visa options are explained below.
Business Innovation and Investment Program (Subclass 132, 188 and 888 visas)
The Department of Business is gazetted by the Commonwealth Government to nominate eligible overseas business people and investors for all Business Innovation and Investment visas. Nomination by a State or Territory government is mandatory for visas in the Business Innovation and Investment Program.
The objective of the Northern Territory Government’s participation in the Business Innovation and Investment Program is to grow the Northern Territory’s business and industry base through facilitating entry of overseas citizens who are interested in business or investment in the Northern Territory.
There are three (3) visa subclasses within the program, with several streams in each visa subclass.
Business Innovation and Investment (Provisional) (Subclass 188) visa
This is a four year provisional visa with no minimum English requirement.
State or Territory nomination is required.
Applicants can be inside or outside Australia at the time of application or visa grant and must:
- have achieved at least the pass mark for the points test - currently 65 points
- submit an Expression of Interest in the Department of Immigration and Citizenship’s SkillSelect
- be less than 55 years of age at the time of their application or the nominating State or Territory must provide support to waive the age requirement.
Streams for this visa include the Investor, Significant Investor, Business Innovation, Business Innovation Extension and Significant Investor Extension Streams.
Business Innovation and Investment (Permanent) (Subclass 888) visa
This is a permanent residence pathway for holders of the Provisional Business Investment and Innovation (Subclass 188) visa.
This is not a points tested visa, applicants are not required to enter an Expression of Interest in SkillSelect. Applicants can be inside or outside Australia at the time of application or visa grant.
State or Territory nomination is required.
Applicants must have complied with Australian taxation, workplace and relevant business laws.
Business Talent (Subclass 132) visa
This is a permanent resident visa for high calibre business owners or entrepreneurs.
State or Territory nomination is required.
Streams for this visa include the Significant Business History and Venture Capital streams.
Applicants can be inside or outside Australia at the time of application or visa grant and must submit an Expression of Interest in the Department of Immigration and Citizenship’s SkillSelect.
Further information for Business Innovation and Investment applicants
Further information on investment and doing business in the Northern Territory is available through:
- The Northern Territory Treasury Corporation (http://www.nttcorp.nt.gov.au)
- InvestNT (http://www.investnt.com.au/)
- Territory Business Centres (http://www.tbc.nt.gov.au)
Investor Retirement (Subclass 405) visa
The Investor Retirement (Subclass 405) visa allows eligible retirees, aged 55 years and over to obtain a long term temporary visa to settle in Australia. Nomination by a State or Territory government is required for this visa.
More information on the Investor Retirement visa.
