Australia

Australia is one of the best destinations for businesspeople seeking newer shores. Australia is a center for talent and its unique location makes it a regional economic powerhouse. The Australian Business Innovation & Investment Stream (Provisional) visa (subclass 188) allows entrepreneurs to establish or purchase a business in Australia. It is a path to permanent residency that offers incredible benefits to successful applicants.

The 188 visa is for people with business skills who want to own and manage a new or existing business in Australia, or to invest in an Australian state or territory. It is a temporary visa which may allow you to apply for a permanent residency visa (Business Innovation and Investment (Permanent) visa (subclass 888)) if you satisfy particular criteria.

Country Information

  • POPULATION
  • 25,790,200
  • LANGUAGE
  • English
  • ECONOMY
  • Market Economy
  • CURRENCY
  • Australian Dollar
  • MIN. CAPITAL INVESTMENT
  • AUD 200,000
  • PROCESSING TIME (APPROX.)
  • 3 years

BENEFITS

Key Advantages include:

The Business Innovation and Investment visa 188 has several benefits.

  • Own and manage a new or existing business in Australia, or to invest in Australia.
  • Bring eligible family members with you to Australia.
  • Seek permanent residence by applying for subclass 888 visa.
  • You can travel in and out of Australia for the duration of your visa i.e. 4 years.

INVESTMENT OPTIONS


The different investment options under the Subclass 188 Visa are

BUSINESS INNOVATION STREAM –

  • You are under the age of 55, although a State or Territory may waive this requirement if your business is of exception economic benefit.
  • You score at least 65 points in the Points Test.
  • You own a business with a turnover of A$ 500,000.00 in each of 2 of the last 4 years.
  • You and/or your partner hold net personal and business assets of A$ 800,000.00 that can be transferred to Australia for your business activity.
  • You need to reside in Australia to establish or conduct the business.

INVESTOR STREAM –

  • You are under the age of 55, although a State or Territory may waive this requirement if your business is of exception economic benefit.
  • You score at least 65 points in the Points Test.
  • You and/or your partner are willing to invest A$ 1,150,000.00 in a State or Territory Government security and are willing to hold the investment for 4 years and are genuinely going to stay in the territory/state you have invested in for at least 2 years.
  • You have 3 years’ experience in directly managing certain business or eligible investments.
  • Over the last 2 fiscal years you and/or your partner hold net personal and business assets of A$ 2,250,000.00 that can be transferred to Australia for your business activity.
  • In 1 of the last 5 fiscal years, you have directly managed either a certain type of business in which you and/or your partner hold a 10% shareholding, or an eligible investment owned by you and/or your partner which has a value of A$1.5M.

SIGNIFICANT INVESTOR STREAM –

  • You are willing to invest A$ 5,000,000.00 in a certain type of investment for 4 years and you genuinely intent to live in the State or Territory which nominated you.

PROGRAM REQUIREMENTS

To qualify for residency applicants must meet the following criteria:

  • You are nominated by a State or Territory Government
  • You are invited to apply.
  • You and your partner have not been involved in unacceptable business or investment activities.
  • You and any eligible family members meet health and character requirements.
  • Age must be between 18 and 55. Over the age of 55 is possible but will most probably be double the requirements.
  • English Language test – IELTS score of 4.5
  • Points Test – NSW, SA, WA, NT, QLD, TAS, VIC: 65 (This might change in a near future)
  • Business ownership – 30% ownership of any business with 2 fiscal years of historyYearly Turnover U$ 400,000.00 for any 2 out of the past 4 financial year
  • You have minimum net assets worth U$ 600,000.00 in any class acquired legally and held for at least 2 years. (This amount might increase as of July 2021)

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