Program Name
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Start-Up Visa Program
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Business Investor Stream (Subclass 188)
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Investor 2 Resident Visa
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Age Limit
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No age limit
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55
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65
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Business or Investment Ownership
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- Each applicant holds 10% or more of the voting rights
AND
- Applicants and the designated entity jointly hold more than 50% of the total voting right
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Owned at least 10% ownership of a qualifying business OR Owned at least AUD 2.5 million of an eligible investment
For at least 1 of the 5 fiscal years immediately before receiving Invitation to Apply (ITA)
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Invest at least NZD 3 million for 4 years AND 3 years of recognised business experience
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Business and Personal Assets
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Total net business and personal assets of at least AUD 2.5 million
For the 2 fiscal years immediately before receiving Invitation to Apply (ITA)
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Make a capital investment of at least NZD 100,000
Note: This requirement may be waived if your business is in the science or ICT sectors, shows a high level of innovation or export potential
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Visa Validity
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Up to 5 years
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Up to 5 years
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Indefinite
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Include Family Members
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Spouse & children below age 22
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Spouse & children below age 23
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Spouse & children below age 24
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English Requirement
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or you will be asked to pay the second instalment of the visa application charges:
AUD 9.795 (Main Applicant)
AUD 4,890 (per dependent) |
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Expression of Interest Application Fee
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Not Applicable
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Not Applicable
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NZD 620 (Main applicant only)
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Visa Application Fee
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CAD 2,075 (Main Applicant) CAD 1,325 (Spouse) CAD 225 (per dependent below 22)
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AUD 6,085 (Main Applicant) AUD 3.045 (per dependent above 18 years) AUD 1,520 (per dependent below 18 years)
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NZD 4,960 (Main Applicant) NZD 2,250 (Spouse) NZD 2,250 (per dependent below 24 years)
Note: Fees varies for each nationality on passport and location when you apply
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Permanent Resident Conversion Requirement
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Not Applicable
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Accumulate 2 years stay out of 3 years and meet certain investment requirements
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Accumulate 2 years stay out of 5 years
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Citizenship Conversion Requirement
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Accumulate 3 years stay out of 5 years
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Accumulate 3 years stay out of 4 years
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Accumulate 1,350 days and for at least 240 days in each of those 5 years
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