Business Innovation
Stream Visa (subclass 188A)
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Subclass 188A
eligibility requirements
In order to be eligible for the Business Innovation Stream (Subclass 188A) visa, you must:
- be under the age of 55
- score at 65 points on the points test
- have a proven successful business and/or investment career
- hold total net business and personal assets of at least $800,000 AUD
- have held an ownership stake in 1 or 2 businesses with an annual turnover of at least $500,000 AUD for 2 out of 4 of the most recent financial years
- If the company’s annual turnover is above $400,000 AUD, you must own shares to the value of 30%.
- If the company’s annual turnover is under $400,000 AUD, you must own shares to the value of 51%.
- If the company is listed, you must own shares to the value of at least 10%.
Application Process
In order to apply for the Business Innovation Stream (Subclass 188A) visa, you will need to provide supporting documents relating to:
- your age and personal details
- your English language proficiency
- educational qualifications
- financial assets
- business experience and turnover
- relevant business innovation stream qualifications
- an endorsement from your nominating state or territory government agency.
You may also be required to submit additional supporting documents for assessment by the Department of Home Affairs.
Visa benefits
you will be able to stay in Australia for up to 4 years and 3 months.
you can live and work in Australia throughout the visa period.
you get the right to bring eligible family members with you to Australia.
you can apply for a permanent visa stream if relevant requirements are met.
Frequently asked questions
- 25% of applications: 13 months
- 50% of applications: 16 months
- 75% of applications: 25 months
- 90% of applications: 28 months
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