Business Immigration - 188A

Business Innovation and Investment (Provisional) visa: Business Innovation stream (subclass 188A)

On 1 July 2021, the Australian Government reformed the Business Innovation and Investment Visas to maximize the local economic benefit. Business Innovation and Investment (Provisional) visa (subclass 188) simplified from five to four streams.

 

Business Innovation Stream (subclass 188A) is for people with business skills and lets you operate a business in Australia.

 

 

Programme Advantages/ Features:

  1. Initial subclass 188 visas will be valid for 5 years
  2. The applicant will be eligible to apply for Permanent Residence after holding a 188A visa for 2 years
  3. Spouse and dependent children aged 22 or below can be included in the application
  4. Business Innovation Extension Stream is available

 

 

Applicants must meet the following conditions:

  1. Applicant must be 55 or below
  2. Applicant and/ or partner must own total net assets of at least AUD1,250,000
  3. 2 out of 4 fiscal years immediately before you receive an invitation to apply, applicant must own a business with not less than AUD750,000 annual turnover
  4. With the same condition above, applicant must own at least 30% of the total value of the business; or at least 10% if it's operated by a publicly listed company.
  5. Score at least 65 on the business innovation and investment points test
  6. Nominated by an Australia State or Territory government