188A Business Innovation Stream
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia. The 188A visa is only available to applicants who are nominated by an Australian State or Territory government and meet the points test for this visa.
Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit.
Net personal and business assets of at least AUD 800,000.
Ownership of a business with a turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years.
You must own at least i) 51%, of the total value of the business if the business has a turnover of less than AUD400,000 per year, or ii) 30%, of the total value of the business if the business has a turnover of AUD400,000 or more per year, or iii) 10%, of the total value of the business if the business is operated by a publicly listed company.
Meet the pass mark in the Business innovation and investment Points test (currently 65 points).
A successful career in business.
No specific requirement on the English level.
It only audits the business turnover and doesn't have a strict requirement on the total investment. The form of business and investment is flexible.
Dependent Visas for eligible family members and further permanent Visas.
Travel to, enter, and remain in Australia for up to 4 years and 3 months.
Children can study in public schools for free during the Visa period.