Business Innovation and Investment Provisional Visa (Subclass 188)
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VISA INFORMATION
Business Innovation and Investment Provisional Visa (Subclass 188)
Business Innovation and Investment Provisional Visa (Subclass 188) is intended for people with a prior business background to establish and operate a Business in Australia. If you have a good savings in your home country but not a business, you are not eligible to apply for a business visa.
You have to lodge the EOI and a valid visa application could be submitted if you have been invited through the skill selection and a nomination by an authority of chosen state or territory.
- Business Innovation and Investment Provisional Visa (Subclass 188) Criteria
Points: You must achieve a minimum score of 65 test and receive an invitation for lodge the visa application.
State Nomination: You must submit a business proposal to the nominating State or Territory for approval. The criteria depend on where you wish to live and changes each year.
Age: You must be under 55 years of age at the time of invitation. Exceptions may be allowed in strictly limited circumstances where you can prove you would establish or participate in business or investment activity to the State or Territory.
Need to be resident: You need to establish the need for you to be resident in Australia to establish or conduct the business activity.
Business Career: You must prove that you have a successful overall record of business by reference to your previous and/ or current businesses.
Use of Management Skills: If your main business was related to provision of professional, technical or trade services, you must prove that you spent more time on managerial and operational roles of the business than provision of the services.
Ownership: You must have had an ownership interest in a main business with an annual turnover of at least $750,000 for the last 2 of the 4 fiscal years before the invitation.
Assets: You must have a total of business and personal assets of $1,250,000 at the time of invitation. You may combine your partner’s assets for this calculation.
A main business is a business which has satisfied all of the following in the last 2 of the 4 fiscal years before the invitation:
You have, or have had, an ownership interest in the business.
You maintain, or have maintained, direct and continuous involvement in management of the business from day to day and in making decisions affecting its overall direction and performance.
The business is a qualifying business.
There are 4 streams for business visa, visa requirement for business visa application is very complicated you can contact office and make online or face to face booking to discuss further and your eligibility for business visa.
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