To be eligible for permanent residence through the Business Innovation stream, you must have resided in Australia and held one of the following visas for at least one year in the two years before applying:

• Innovation and Investment visa (subclass 188) in the Business Innovation or Business Innovation Extension stream
• Special Category visa (subclass 444)
• Business (Long Stay) visa (subclass 457IE)

Additionally, you must demonstrate ongoing involvement in your business, meet specific financial criteria, and have a record of hiring Australian employees. Ongoing business involvement means that you and/or your partner must prove that:

• You have an ownership interest in an Australian-based business and have actively managed it for two years before applying.
• Your primary business (or businesses) generated a minimum annual revenue of $300k AUD in the twelve months before applying. If you operate your business in a specified regional area in Australia, this requirement may be waived by the nominating state or territory.
• You owned at least 51% of a business with annual revenues less than $400k AUD, 30% of a business with annual revenues in excess of $400k AUD, or 10% of a publicly listed company in the twelve months before applying.
• You submitted a Business Activity Statement (BAS) to the Australian Taxation Office (ATO) for your business in the two years before applying.
• Unless you had a joint interest in the business, your ownership interest in your primary business (or two primary businesses) was not acquired from someone who held a Business Innovation and Investment visa (subclass 888), Business Owner visa (subclass 890), Investor visa (subclass 891), State/Territory Sponsored Business Owner visa (subclass 892), or State/Territory Sponsored Investor visa (subclass 893).

You and/or your partner must also provide evidence of at least two of the following:

• Your primary nominated business (or two primary nominated businesses) had net assets of at least $200k AUD in the twelve months before applying.
• Your personal and business assets in Australia were worth $600k AUD or more in the twelve months before applying.
• Your primary nominated business (or two primary nominated businesses) employed two or more full-time employees in the twelve months before applying who are either permanent residents of Australia, Australian citizens, holders of a valid New Zealand passport, or not related to you.

To be eligible for permanent residence under the Investor stream, applicants must have resided in Australia and held their provisional visa for a minimum of two years in the four years immediately prior to applying. In addition to this, both the applicant and their partner are required to have held a designated investment in any Australian state or territory for a minimum of four years.

Applicants for the permanent Innovation and Investment visa (subclass 888) under the Significant Investor stream

• must have held the provisional Innovation and Investment visa (subclass 188) in either the Significant Investor or Significant Investor Extension stream.
• you and/or your partner must have been in Australia for a specific number of days depending on the stream held.

For the Significant Investor stream, you must have been in Australia for 160 days in the past four years.

For the Significant Investor Extension stream, you must have been in Australia for 240 days in the past six years for the first extension, and for 320 days in the past eight years for the second extension.

In addition to these requirements, you and/or your partner must have continuously held complying investments for a minimum of four years while on the provisional subclass 188 visa and operated a qualifying business under the private Australian company in which you have made a direct complying investment, if applicable.

You must meet the character requirements to apply for the Business Talent visa. This involves producing police clearance certificates in each of the countries where you have lived for longer than 12 months in the last 10 years.

To be eligible for this visa, you need to meet specific health requirements. However, not everyone is required to go through a health examination. The Department of Home Affairs will inform you if you need to undergo a health examination as part of the application process.