Visa 188A Business Innovation stream
What is the requirement for visa 188a primary applicants?
Business visa 188A Innovation stream basic requirement
the visa 188A applicant must be invited in writing to apply for a visa 188 in the Business Innovation stream. EOI should be lodged before State Nomination.
The age must not have turned 55
However, the ‘exceptional economic benefit’ gives the nominating State/Territory the flexibility to nominate applicants who are 55 or older to establish a business that in the view of the State/Territory government agency will be of exceptional economic benefit to their State/Territory. Contact us to know more.
Visa 188A – Business career requirement
Required to demonstrate an overall successful business career.
The business performance of the applicant for their entire business career including any business activities.
In any assessment of the applicant’s business career, the performance of businesses in which the applicant has had a management role is a relevant factor.
These criterion generally should not be considered satisfied if:
- the applicant has been declared bankrupt in the last 5 years or
- the applicant is (or has been) actively involved in a business that is (or has been) subject to insolvency, receivership or liquidation or
- the business has suffered recent trading losses and the business is considered unlikely to be successful in the longer term.
Visa 188A – Business credentials
Applicants must have had, for 2 of the 4 fiscal years preceding the visa application, an ownership interest in the main business that had an annual turnover of at least AUD500 000 or a maximum two business combined.
Visa 188A – Net business and personal assets
The net business and personal assets of the applicant and the applicant’s spouse or de facto partner together is the value of the assets of AUD800,000. The applicant and the applicant’s spouse or de facto partner after deducting any liabilities.
The applicant’s score on the Business Innovation and Investment points test must not be less than 65. Click here for the point test.
You can include members of the family in your application when you apply. You can also add dependent children to your application at any time before we decide on your application.
the primary applicant cannot be granted a visa unless those members of the family (Spouse and independent child) who are also satisfied Australian public interests and health examination for the visa 188.
For the dependent children who are over 18 years old, you can contact us to know more .
With this visa, what you can do
- operate a new or existing business in Australia
- stay in Australia for up to 4 years and 3 months
- bring members of your family with you
- apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream
Visa 188A Application Cost
This visa costs AUD5,375 for the main applicant.
There is also a charge for each family member with you:
- additional applicant over 18 years old: AUD2,685
- additional applicant under 18 years old: AUD1,345
If your family members are over 18, and they have to have functional English, otherwise, you must pay an extra charge, which is the second installment, but the charge will be refunded if we do not grant you the visa.
The second instalment charges are:
- main applicant: AUD9795
- family members: AUD4890
Granted Visa label
Australian visas are all digital. Thus there is no such a visa label in your passport. Instead, it is a link to your digital visa record to your passport.
How can we help you
Australian Permanent Residency