Subclass 188A: Business Innovation and Investment (Provisional) Visa
Subclass 188A: Business Innovation and Investment (Provisional) Visa
Business Innovation Stream
Subclass 188 Business Innovation and Investment (Provisional) visa in the Business Innovation stream is a provisional visa which leads to permanent residency after residency requirements and other requirements stipulated in Subclass 888 Business Innovation and Investment (Permanent) visa in the Business Innovation stream are met.
Subclass 188 visa in the Business Innovation stream is for applicants with an overall successful business career with a realistic and genuine commitment to establish, manage and maintain a substantial ownership interest in a new or an existing qualifying business in Australia.
Each applicant in Australia when applying for this visa must hold:
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
Subclass 188 visa in the Business Innovation stream is for applicants with an overall successful business career with a realistic and genuine commitment to establish, manage and maintain a substantial ownership interest in a new or an existing qualifying business in Australia.
Stay Period
5 years from the visa grant date. (4 years and 3 months if you were invited to apply before 1 July 2021)Apply from...
All applicants may be in or outside Australia, but not in immigration clearance to apply for this visa and to be granted this visa.Each applicant in Australia when applying for this visa must hold:
- a substantive visa; or
- a Subclass 010 Bridging A visa; or
- a Subclass 020 Bridging B visa; or
- a Subclass 030 Bridging C visa
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
To make a valid application for Subclass 188A visa and/or be granted this visa, the following sets of criteria must be met:
The following persons can apply for this Subclass 188A visa:
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
- any person who met the eligibility criteria outlined in "Eligibility Criteria" tab on this page (hereinafter referred to as "the Primary Applicant");
- the member of family unit of the Primary Applicant, e.g.: spouse/de facto partner and children who are still dependent on the Primary Applicant or the spouse/de facto partner of Primary Applicant
- a substantive visa; or
- a Subclass 010 Bridging A visa; or
- a Subclass 020 Bridging B visa; or
- a Subclass 030 Bridging C visa
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
Factor | Description | Points |
---|---|---|
Age | 18–24 years old | 20 |
25–32 years old | 30 | |
33–39 years old | 25 | |
40–44 years old | 20 | |
45–54 years old | 15 | |
55 years old and older | 0 | |
English Language Ability | Vocational English | 5 |
Proficient English | 10 | |
Educational Qualifications | Trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an educational institution of a recognised standard | 5 |
A bachelor's degree in business, science or technology by an Australian institution; or a bachelor qualification in business, science or technology by an educational institution of a recognised standard | 10 | |
Financial Assets | Net business and personal assets of you, your partner or you and your partner combined in each of the preceding 2 fiscal years of at least: | |
Not less than AUD 800,000 | 5 | |
Not less than AUD 1.30 million | 15 | |
Not less than AUD 1.80 million | 25 | |
Not less than AUD 2.25 million | 35 | |
Business Turnover | You had an ownership interest in one or more main businesses that had an annual turnover in at least 2 of the 4 fiscal years immediately before the time of invitation to apply for the visa: | |
Not less than AUD 500,000 | 5 | |
Not less than AUD 1.00 million | 15 | |
Not less than AUD 1.50 million | 25 | |
Not less than AUD 2.00 million | 35 | |
Business experience (Business Innovation stream only) | You have held 1 or more main businesses before you were invited to apply for the visa for: | |
Not less than 4 years within the preceding 5 years | 10 | |
Not less than 7 years within the preceding 8 years | 15 | |
Business Innovation Qualifications | Patents or designs registered not less than 1 year before that time and used in the day to day activities of the main business | 15 |
Trademarks registered not less than 1 year before that time and used in the day to day activities of the main business | 10 | |
An ownership in and day to day participation in the management of one or more main business operated under a formal joint venture agreement(s) entered into no less than 1 year before the time | 5 | |
An ownership interest in a main business(es) that derives no less than 50% of its annual turnover from export trade | 15 | |
An ownership interest in a main buisness(es) not more that 5 years before:
|
10 | |
An ownership interest in a main business(es) that received:
|
10 | |
Special Endorsement | The nominating State or Territory government agency has determined that your proposed business is of unique and important benefit to the State or Territory where the nominating government agency is located | 10 |
The following condition(s) might be attached to this visa:
This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
Condition 8515 - Must not marry or enter into a de facto relationship before entering Australia
If this visa is granted when the secondary applicant is outside Australia, the holder of this visa must not marry or enter into a de facto relationship before entering Australia.This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
Subclass 888A: Business Innovation and Investment (Permanent) Visa
Subclass 888A: Business Innovation and Investment (Permanent) Visa
Business Innovation Stream
Subclass 888 Business Innovation and Investment (Permanent) visa in the Business Innovation stream is a permanent visa which allows primary applicants with eligible visa to continue their business/investment activity and live in Australia permanently.
Eligible visas include:
Applicants applying in Australia mustn't hold visa with condition(s) that prevent them to apply for this visa onshore in Australia.
Eligible visas include:
- Subclass 188 Business Innovation and Investment (Provisional) visa in the Business Innovation stream (Subclass 188A); or
- Subclass 188 Business Innovation and Investment (Provisional) visa in the Business Innovation Extension stream (Subclass 188A Extension); or
- Subclass 444 Special Category visa; or
- In limited cases, Subclass 457 Business (Long Stay) visa granted on the basis that the applicant is the primary visa holder or current/former spouse/de facto partner of the primary visa holder
Stay Period
Indefinitely with 5-year travel facility after which you may need to apply for Subclass 155 or 157 Resident Return visa to extend your travel facility.Apply from...
All applicants may be in or outside Australia, but not in immigration clearance to apply for this visa and to be granted this visa.Applicants applying in Australia mustn't hold visa with condition(s) that prevent them to apply for this visa onshore in Australia.
To make a valid application for Subclass 888A visa and/or be granted this visa, the following sets of criteria must be met:
The following persons can apply for this Subclass 888A visa:
- any person who met the eligibility criteria outlined in "Eligibility Criteria" tab on this page (hereinafter referred to as "the Primary Applicant") and holds any of the following visas:
- Subclass 188 Business Innovation and Investment (Provisional) visa in the Business Innovation stream (Subclass 188A); or
- Subclass 188 Business Innovation and Investment (Provisional) visa in the Business Innovation Extension stream (Subclass 188A Extension); or
- Subclass 444 Special Category visa; or
- In limited cases, Subclass 457 Business (Long Stay) visa granted on the basis that the applicant is the primary visa holder or current/former spouse/de facto partner of the primary visa holder
- the member of family unit of the Primary Applicant, e.g.: spouse/de facto partner and children who are still dependent on the Primary Applicant or the spouse/de facto partner of Primary Applicant
The following condition(s) might be attached to this visa:
This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
Condition 8515 - Must not marry or enter into a de facto relationship before entering Australia
If this visa is granted when the secondary applicant is outside Australia, the holder of this visa must not marry or enter into a de facto relationship before entering Australia.This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
If you are ready to commence your life in Australia, book a consultation with Ausdirect Migration today.