A new Entrepreneur visa will be introduced into the Australian visa system in November 2016. This new visa category is directly aimed at attracting the best and brightest entrepreneurial talent and skills to Australia.
The new Entrepreneur visa will be established for entrepreneurs with innovative ideas and financial backing from a third party. This visa will:
- be a provisional visa for individuals who have obtained capital backing from a third party (details of appropriate third parties will be informed through consultation) to develop entrepreneurial ideas in Australia
- be established as a new stream within the existing Business Innovation and Investment (Provisional) visa (subclass 188) and the Business Innovation and Investment (Permanent) visa (subclass 888)