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- L28, 140 St George Terrace, Perth, WA 6000 Australia
- info@visaimmi.com.au
- Mon - Sat: 9.00 to 18.00
Business and Innovation Stream 188A
- Visa Criteria
The Business Innovation Stream requires you to have owned a business and to be intending to establish business operations in Australia. You will need to meet the following specific requirements:
· Ownership of a business with turnover of at least AUD 750,000 for at least 2 of the last 4 fiscal years; and
· Net personal and business assets of at least AUD 1,250,000; and
· Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit; and
· Meet the pass mark in the Business innovation and investment point table sch 7D (currently 65)
· Have an overall successful career in business.
· State/Territory Nomination required.
- Eligibility for Permanent Residence
To qualify for a permanent Business Innovation & Investment (Residence) Subclass 888 visa, you would need to meet the following criteria:
· Applicant have been in Australia on your subclass 188A visa for at least 12 months, within the 2 years prior to lodgment.
· Owned and operated a business in Australia for at least 2 years prior to the application with annual turnover of at least $300,000 for the 2 of the last 4 years.
· You and/or your partner must meet two of the following three criteria for the last 12 months:
· Assets of at least $200,000 in the business
· Net personal and business assets of at least $600,000 in Australia
· Employed at least two Australian full-time employees in your business in Australia.