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188B | REQUIREMENTS FOR THE BUSINESS INVESTMENT (PROVISIONAL) VISA
VISA SERVICES
188B ELIGIBILITY REQUIREMENTS – INVESTMENT STREAM
- Be under the age of 55 yeas old when invited to apply (exemptions may be applicable)
- Have at least 65 points
- Lodged an Expression of Interest in which you have received an invitation to apply for
- Be nominated by an Australian State or Territory government
- Have at least 3 years of experience in managing one or more qualifying businesses or eligible investment
-
Directly managed the following for at least 1 out of the last 5 fiscal years before you were invited to apply (can be combined with your partner):
- Own at least 10% of a qualifying business** or
- An eligible investment* of at least AUD$2.5 million
- Have total net business and personal assets of AUD$2.5 million that is available to be transferred to Australia within 2 years of visa grant
*Eligible investments include:
- Ownership interest in a business
- Cash on deposit
- Stocks of bonds
- Real estate
- Gold/bullion
- Loan to a business
**Qualifying Business
- An enterprise operated to make a profit through the provision of goods or services and is not operated primarily as a speculative or passive investment.
UPDATES
| Criteria | Threshold | Points |
|---|---|---|
| Age | 18 – 24 years old | 20 |
| 25 – 32 years old | 30 | |
| 33 – 39 years old | 25 | |
| 40 – 44 years old | 20 | |
| 45 – 54 years old | 15 | |
| 55 years old and older | 0 | |
| English Language Skills | Vocational English | 5 |
| Proficient English | 10 | |
| Educational | Trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an educational institution of a recognised standard | 5 |
| Bachelor degree in business, science or technology by an Australian institution or educational institution of a recognised standard | 10 | |
| Financial Assets (You and your partner’s Net business and personal assets preceding 2 fiscal years before the time of invitation) | Not less than AUD$750,000 | 5 |
| Not less than AUD$1.25 million | 15 | |
| Not less than AUD$1.75 million | 25 | |
| Not less than AUD$2.25 million | 35 | |
| Business Turnover (2 out of the last 4 fiscal years) | Not less than AUD$750,000 | 5 |
| Not less than AUD$1.25 million | 15 | |
| Not less than AUD$1.75 million | 25 | |
| Not less than AUD$2.25 million | 35 | |
| Investor Experience | Not less than 4 years | 10 |
| Not less than 7 years | 15 | |
| Business Innovation | Patents or designed registered not less than 1 year before time of application | 15 |
| Trademarks registered not less than 1 year before time of application | 10 | |
| Ownership in and day to day participation in the management of one or more main business operated under a formal joint venture agreement/s entered into not less than 1 year before time of application | 5 | |
| Ownership interest in a main business(es) that derives no less than 50% of annual turnover from export trade | 15 | |
Ownership interest in a main buisness(es) not more that 5 years before:
| 10 | |
Ownership interest in a main business(es) that received:
| 10 | |
| Special endorsement | The nominating State or Territory government agency has determined that your proposed business is of unique and important benefit to the State or Territory where the nominating government agency is located | 10 |
HOW IT WORKS
APPLICATION PROCESS
STEP 1.
Expression of Interest
In order to be eligible for the Subclass 188A Business Innovation Stream (Provisional), we will need to submit an Expression of Interest (EOI) to get state nomination. We will look at the documents you are able to provide prior to submitting the EOI to ensure that we are able to provide evidence to further support the points claimed in the EOI, if not it may result in a refusal.
STEP 2.
Preparation of documents
Upon the submission of the EOI, we will have to wait until a state or territory issues an invitation to apply for the visa. We will start preparing all the documents beforehand so that we are ready when the invitation is issued. You will only have 60 calendar days from the the date of invitation to apply so it is crucial that we start preparing early.
STEP 3.
Visa Application
Depending on the invitation round, you can start applying for the visa once you have received an invitation. Receiving an invitation does not guarantee a successful application, we will submit the documents necessary that will best maximise your chances at a positive outcome. Additionally, we will also respond to all Request for Further Information (RFI) from the Department of Home Affairs within 14 days.
BENEFITS
Temporary residency
Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to live and work in Australia without any limitations.
Full work & study rights
Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to live and work in Australia without any limitations.
Travel freely
Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to travel in and out of Australia without having to apply for another visa while the visa is valid.
Sponsor family members
Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to add family members as dependents on the application (if eligible).
Apply for permanent residency
You can apply for permanent residency through the Subclass 888A Business Innovation Stream (Permanent) if all requirements are met after 3 years of holding the Subclass 188A Business Innovation Stream (Provisional).
FASTEST VISA APPLICATION PROCESS AND PROMPT RESPONSE
HOW WE CAN HELP YOU
Subclass 188
Business Investment &
Innovation (Provisional) Visa
Subclass 188 is a provisional visa for people with business skills that allows you to operate a new or existing business in Australia.
Subclass 132
Business Talent
(Permanent) Visa
Sublcass 132 visa is for experienced business owners, to operate a new or existing business in Australia.
Subclass 888
Business Investment &
Innovation (Permanent) Visa
Subclass 888 Business Innovation and Investment (Permanent) visa (subclass 888)
