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Australia and have a genuine intention to undertake , and continue to undertake , the business activity .
The complying entrepreneur activity must relate to an innovative idea that will lead to the commercialization of a product or service in Australia or the development of an enterprise or business in Australia .
The business in Australia can ' t be residential real estate or labor hire or buying an existing enterprise or a franchise .
English language competency : To prove that the applicant has competent English , they must provide one of the English language test results such as : IELTS ( at least 6 for each of the 4 components ), TOEFL ( at least 12 for listening , 13 for reading , 21 for writing and 18 for speaking ), PTE ( at least 50 for each of the 4 components ). OET ( at least B for each of the components ), or Cambridge C1 Advanced Test ( at least 169 for each of the components ).
The English Language test cannot have been taken more than 3 years before the date of application .
Application process : The applicant must submit an Expression of Interest ( EOI ) online to the Department of Home Affairs . Following the EOI , they must approach the State or Territory government agency for a nomination with the business plan for the entrepreneurial activity .
Family members : The partner of the main applicant and unmarried children under the age of 23 who are dependents of the main applicant or the main applicant ’ s partner can be included in the application .
Older applicants : Applicants aged 55 or older , at the time of the invitation to apply for the visa , must have established that the State or Territory government agency in Australia has determined their proposed entrepreneur activity will be of exceptional economic benefit .
Complying entrepreneurial activity : The applicant must propose to undertake a complying entrepreneur activity in
“ Once invited , the applicant will have 60 days to file the visa application with the Department of Home Affairs , Australia .
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The applicant must be nominated by a State or Territory government agency before being invited to apply for this visa . Each of the State or Territory government agency in Australia have their own conditions , preferences and procedures for nominating the applicants for this visa and it will depend on the benefit expected to yield from the entrepreneurial activity .
If an Australian State or Territory government agency accepts the EOI and nominates the applicant , the Department of Home Affairs , Australia , will invite the applicant to apply for this visa . The State or Territory government agency that nominates the applicant can not withdraw their nomination after the applicant has applied for a visa .
Once invited , the applicant will have 60 days to file the visa application with the Department of Home Affairs , Australia .
The primary applicant and family members who apply for the visa must meet the health and character requirements . In order for the primary applicant to be granted the visa , family members who are not coming to Australia must also meet the character requirements and also might have to meet the health requirements .
Processing time can be 9 months . Australian visas are digital . No visa label is put in the passport . Instead , the digital visa record is linked to their passport .
Costs : Currently this visa costs $ 4,240 Australian Dollars for the primary applicant . For each family member over 18 years old who apply with the primary applicant , the cost is AUD