Points Test for Business Innovation and Investment (Provisional) visa (subclass 188)

For Business Innovation and Business investor (Provisional) visa188, score at least 65 on the points test

188 Business Point Test
Factor Description Points
Age 18–24 years 20
25–32 years 30
33–39 years 25
40–44 years 20
45–54 years 15
55 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 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 AUD800,000 5
Not less than AUD1.3 million 15
Not less than AUD1.8 million 25
Not less than AUD2.25 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 AUD500,000 5
Not less than AUD1 million 15
Not less than AUD1.5 million 25
Not less than AUD2 million 35
Business Innovation stream only
Business experience
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
Investor stream only
Investor experience
Immediately before the time of application you held eligible investments of at least AUD100,000 held for:
Not less than 4 years 10
Not less than 7 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/s that derives no less than 50% of its annual turnover from export trade 15
An ownership interest in a main buisness/s not more that 5 years before :

  • had an average annualised growth in turnover that was greater than 20% per annum over 3 continuous fiscal years; and
  • in at least one of the 3 fiscal years employed 10 or more employees for a total number of hours that was at least the total number of hours that would have been worked by 10 full-time employees
10
An ownership interest in a main business/s that received :
  • a grant from a government body in your home country of at least AUD10,000 for the purposes of early phase start up of a business, product commercialisation, business development or business expansion
    or
  • venture capital funding of at least AUD100,000 not more than 4 years before the time of the invitation for the purposes of early phase start up of a business, product commercialisation, business development or business expansion
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

English Language Requirements

There is no English language requirement for the business migration visas 188.

However, applicants and their family member who are above 18years old with less than functional English will need to pay an English Training Charge before their visas granted.

Points are available for:

  • Vocational English (5 minimum in each of the 4 components of IELTS): 5 points

Qualifications Requirements

There is no qualification required either.

However, with trade qualifications, diplomas or bachelor degrees will receive 5 points and 10 points are available if the qualification is in business, science or technology.

Business Investment visa 188 Streams

Business Innovation and Investment (Provisional) visa (subclass 188A) – Invest at least AUD200 000 – Business Innovation stream
Business Innovation and Investment (provisional) visa (subclass 188B) – Invest at least AUD1500 000 – Business Investor stream 
Business Innovation and Investment (Provisional) visa (subclass 188C) – Invest at least AUD5000 000 –  Significant Investor stream
Business Innovation and Investment (provisional) visa (subclass 188D) – Invest at least AUD15000 000 – Premium Investor stream
Business Innovation and Investment (Provisional) visa (subclass 188E) – Entrepreneur stream

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