

First you must apply for a Business Skills (Provisional) visa, which will be granted for a period of four years. The Business Skills (Provisional) visa category also provides for State/Territory government sponsorship for each visa. State and Territory governments have their own criteria for deciding whom they will sponsor.
After you have been granted a visa in the Business Skills (Provisional) category, you are expected to either establish or buy into a business in Australia or maintain a designated investment for four years.
After you have successfully operated a business for two years or maintained your designated investment for four years, you will be eligible to apply for a permanent Business Skills (Residence) visa which you must apply in Australia.
A direct permanent residence visa, that is, a migrant visa, will still be available for high-caliber business migrants sponsored by State/Territory governments. It is known as the Business Talent (Migrant) Visa.