Australian Business Visa - Innovation Stream Subclass 188A
Duration
Temporary visa
5 Years
Can apply for extension if eligible
after completing 3 years of successful business in Australia.
Can apply for permanent residency
Transfer of min A$200,000 in the first two years after visa grant. See below for each state requirement.
VIC,WA, ACT AUD 200,000
NSW (Sydney) AUD 500,000
NSW (Regional) AUD 300,000
SA(Adelaide) AUD 300,000
QLD (Brisbane) AUD 400,000
QLD (Regional) AUD 300,000
Applicants must be nominated by an Australian State or Territory government
Investment commitment
Australian State
Capital Transfer
Benefits
Free Public Education (U18)
Private Health Insurance
Access to Medicare after Applying for PR
Points to Know
Main Applicant will be able to leave Australia 6 weeks per year during the final last two years of business.
If required and eligible the main applicant role can be swapped with partner if necessary.
188 A Visa Basic Requirements
Age: 18 to 55
If applicant is above 55 (and less than 60) still can apply if state is willing to nominate.
Business Ownership
30% Ownership of business with at least 2 years of history
Business TurnOver
Yearly Turnover AUD 750,000.00
(Two out of the past 4 years)
Which ever 2 the best
Min AUD 1,250,000.00 in eligible assets. Acquired for at least 2 years (If points required).
Assets
Although you don't need to provide any English language tests for Australian Business Visa (188A), but for any members of your family who have English levels below functional level (IELTS 4.5 or equivalent) you will need to pay for 500 hours of English Language Classes in Australia.
English Language
you will require 65 points. from Point test tabale Below
Point Test
Age
18-24
25-32
33-39
40-44
45-54
20
30
25
20
15
Experience
4-6 Years
7+ Years
10
15
5
15
AUD 750,000- 1,250,000
TurnOver
AUD 1,250,000- 1,750,000
AUD 1,750,000- 2,350,000
25
AUD 2,350,000 +
35
Assets
5
15
AUD 1,250,000- 1,750,000
AUD 1,750,000- 2,250,000
AUD 2,250,000- 2,750,000
AUD 2,750,000 +
25
35
Dipoma
5
10
Degree
Education
Registered Patent
10
15
Export(50% or more)
Other
Registered trademark
15
For Other Types of Australian Business Visas you can check
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If you have any inquiries about residing in Australia, working in Australia, studying in Australia, or acquiring various types of visas such as Australian work visas and Australian business visas or Australian Student visas our colleagues at Millennium Migration, an Australian migration service company, can assist you. Please feel free to contact them for further information.
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