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Benefits of setting up business in Australia

There are two pathways for the entrepreneur visa

If you have a provisional business visa (Business innovation and investment (provisional) visa), you will be eligible for permanent residence after establishing your business

Business visa applicants with extensive experience (Business talent visa) can be sponsored by a state or territorial government for PR visa

With the Business Innovation and Investment (Provisional) visa you can own and manage a business in Australia or conduct a business or investment activity entrepreneurial activity in Australia.

The right to establish a new or develop an existing business, or to invest in Australia

Unlimited travel in and out of Australia

Bring family members with you to Australia

Opportunity to apply for Australian citizenship

The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)

It is also possible to extend your visa for a further two years if you have applied and been granted the Subclass 188 visa under the Business Innovation stream


  • One of the most experienced immigration teams in the world
  • Global presence with 40+ offices in 4 countries
    1. One of the most experienced immigration teams in the world
    2. Global presence with 40+ offices in 4 countries
  • Highest ratio of successful migration applications
  • We offer documentation, processing, application filing & visa interview support



  • One of the most experienced immigration teams in the world
  • Global presence with 40+ offices in 4 countries
  • Highest ratio of successful migration applications
  • We offer documentation, processing, application filing & visa interview support

Eligibility to Invest

  • Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years

  • Net personal and business assets of at least AUD 800,000.

  • Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic contribution benefit.

  • Meet the pass mark in the Business Innovation and Investment Points test currently 65 points. Points are awarded on:

  • Age, English language ability, Qualifications

  • Experience in business or investment

  • Net personal and business assets, Business turnover

  • Innovation. Special endorsement

  • Have an overall successful career in business.

Opportunities In Australia

Work Opportunity

As one of the world’s most dynamic countries, Australia has an immense requirement for skilled talent. Make the most of this opportunity by applying for an Australian Work Visa. Having years of experience in Australian immigration processes, Y-Axis is the perfect consultant to launch your career in Australia.

Migrate Opportunity

Australia is one of the world’s most desired migration destinations, with a welcoming culture, vibrant cities, and sunny beaches. Highly-skilled professionals from all over the world come to Australia for its great quality of life and stable economic prospects. An English-speaking country, Australia is easy to assimilate into. Australia has a more cosmopolitan culture thanks to a significant migrant population. The enviable citizen benefits and progressive policies of Australia make it a great destination to settle with your family.

Study Opportunity

Choosing to be an overseas student might considerably expand your educational opportunities. Foreign universities in the United States, the United Kingdom, or Australia have highly reputed institutions, and these three nations are home to a large percentage of the world’s top universities.

Skilled Migration Program (190/491 Visas)

The state of Victoria has opened its Skilled Migration Program (190/491 visas) for 2020-21 and has started accepting Registrations of Interest or ROIs.

The state can sponsor/ nominate candidates under the 190 (PR) and 491 visas under various quotas. The Victoria sponsorship and Victoria nomination is at present open for offshore applicants and those who are residents of Victoria and work in priority sectors. 

Highlights of the Sponsorship and Victoria Registration of Interest Program

Number of places available is 4000

  • 3,500 applications for Subclass 190
  • 500 applications for Subclass 491

Requirements for experience have been relaxed for the priority sectors.

International graduates from an Australian university must refer to the Victoria Skilled Occupations List or the Melbourne Skilled Occupation List

Those who had submitted their interest in the previous financial year bit were not selected are allowed to reapply.

The state will accept Registration of Interest between 7 July 2021 and 29 April 2022

Eligibility requirements
  • Applicants should have STEMM (Science, Technology, Engineering, Maths or Medical Science) skills and should be working in the target sector in Victoria
  • They should have completed a skills assessment
  • They should have an EOI already in the pool.
  • They should be currently living in Victoria and working in Victoria or working in Melbourne
  • Applicants must provide proof in their application that their job is contributing to Victoria’s economic recovery and the towards Covid-19 health response effort
  • In order to apply for Subclass491, the candidate must be living and working in Regional Victoria
The following are the target sectors:
  • Health
  • Medical Research
  • Life Sciences
  • Digital-Cyber security
  • Agri-Food
  • Advanced Manufacturing
  • New energy, emissions reduction, and circular economy
Application process

The first step is to file for Victoria ROI. This indicates your interest in the nomination and show your eligibility for the nomination. The state will have to accept your ROI for you to file a nomination application. Your application will then have to get a nomination approval and an invitation from Skillselect to apply for a visa under Subclass 190/491 based on the nomination received.

If you get an invitation, you must apply for a nomination within 14 days of receiving the invitation on the Victorian government website. In case your application for nomination is successful, you must apply for a visa with the department of home affairs. You must do this within 60 days of receiving the nomination.

You can submit only one active ROI at one point of time.

You cannot submit a separate 190 ROI or 491 ROI. If you wish to change the subclass, or make modifications on your ROI, you must withdraw your existing ROI and submit a new ROI.

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Frequently Asked Questions

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