Business Innovation and Investment
Business Innovation 188 (a)
ABOUT THIS VISA 188
This is a provisional visa and it allows you to stay in Australia for approximately 4 years.
It is suited for innovative individuals who intend to utilize their entrepreneurial skills to initiate a new business or operate a running business, if nominated by the Australian government. It also provides the opportunity to apply for Permanent residency after 4 years if you meet the required criteria.
Top Benefits of Business Innovation Visa 188 a
- You can bring your family members.
- You can have a right to start a new or build an existing business, or to invest in Australia
- You can travel in and out of Australia as many times as you like.
- You can apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888).
- If you meet the obligation of visa 888 then can apply for Australian citizenship.
Don’t forget to check your eligibility if you are interested as the assessment is absolutely free of cost. Please fill out the assessment form and one of our Australian Registered Migration Agents will get back to you at the earliest.
ELIGIBILITY CRITERIA FOR THIS VISA 188 Australia
1- Nomination by the Government:
In order to apply for this visa, you must be nominated by the Australian Government.
2- Business Ownership:
Before you are invited to apply for this visa, you must have had ownership in 1 or 2 businesses with minimum turnover of AUD 750,000 for 2 out of 4 fiscal years.
3- Personal and Business Assets:
After you are invited, the net assets of you and/or your partner must be minimum AUD 1.25 million which must be transferred to Australia within 2 years of awarding of visa.
4- Score of 65 Points or above
You need to score at least 65 points and you can receive point for the following categories.
- English language ability
- Business experience
- Net personal and Business assets
- Business turnover
- Special endorsement
5- Have a successful business career
You need to have a strong desire and a successful career to continuously own and manage a business in Australia.
6- Be under 55
You must be under 55 at the time of the invitation to apply for the visa.
7- Other main factors
The department will also examine your certain aspects such as your English Language skills, health and character history etc.