Business Innovation Stream (subclass 188 A)
This visa is for people with business skills. It lets you operate a new or existing business in Australia.
Visa type
Provisional
Cost of Application
From AUD730
Eligibility
Applicants must meet the following requirements-
- Be nominated by an Australian State or Territory government agency before being invited to apply for this visa
- Have business ownership (see ‘business ownership’ below for additional information)
- Own personal and business assets of at least AUD1,250,000 that will be available for transfer within 2 years of the visa being granted
- Score at least 65 on the points test (see ‘points’ below for additional information)
- Have a successful business career
- Be under 55
- Not have a history of involvement in unacceptable activities
- Have functional English
- Meet the health requirement
- Meet the character requirement
- Sign the Australian values statement
- Have no debt to the Australian Government
- Not have had a visa cancelled or a previous application refused
Duration of visa
Up to 5 years.
COST
For 2 out of 4 fiscal years immediately before you receive an invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD500,000 turnover in each of those 2 years.
Whether you have 1 or 2 businesses, you must own at least:
-
51%, of the total value of the business if the business has a turnover of less than AUD400,000 per year
-
30%, of the total value of the business if the business has a turnover of AUD400,000 or more per year, or
-
10%, of the total value of the business if the business is operated by a publicly listed company
If your business provides professional, technical or trade services, you must have spent less than half your time providing those services, rather than general management of the business.
