Business Immigration - 188A

The Business Innovation and Investment (Provisional) Visa - Subclass 188 category is divided into five categories, one of which is the Australian 188A Business Immigration Provincial Nominee Program (188A: Business Innovation Stream). There are many other aliases in the market, such as 188A, Australia Business Investment Immigration, Australian Business Skills Immigration, Business Skill Visa, Australian Startup Immigration, and Immigration State Nominee Program. Goldmax consultants collectively referred to them as Australian 188A or 188A entrepreneur immigration.

 

This Provincial Nominee Program aims to attract talents and senior management personnel from around the world to invest or start up business in Australia to stimulate the local employment rates and economic development.

 

 

Programme Advantages/ Features:

  1. All immediate members can be included in the same application.
  2. There is no specific requirement for the applicant's academic qualifications and English proficiency
  3. Asset requirements lower than other Australian investment immigrations

 

 

Applicants must meet the following conditions:

  1. Age 55 or below
  2. Personal and family net assets not less than A$800,000
  3. In two of the last four fiscal years, the company’s annual turnover was not less than A$500,000.
  4. In two of the past four fiscal years, an applicant’s company’s shareholding ratio is not less than 30%; if it is a listed company, shareholding ratio must not be less than 10%.
  5. No less than 65 points in the Australian Business Selection System (EOI)
  6. Sponsored by the State Government
  7. 2 years of investment and operation in Australia

 

 

Friendly reminder from Goldmax Consultants:

  • The 188A visa is a four-year temporary visa. After the application is approved, the applicant needs to invest and operate a business in the Australian-sponsored state for 2 years, and to participate in the daily management work. As soon as 2 years is up, the applicant can apply for conversion to a permanent resident status (888 visa).
  • If the dependent children wish to apply together, they must be 22 or under, unmarried and full-time students.