Bussiness Innovation and Investment Visa

Introduction to Australian Business Immigration

The Business Innovation and Investment program aims to enhance Australia's domestic business capabilities and diverse commercial expertise. It is designed to attract immigrants who demonstrate successful innovation and business history and can make significant contributions to the national innovation system and the Australian economy.

Introduction to 188 Business Innovation and Investment Provisional Visa

(1) 188A Business Innovation Stream: The applicant, the applicant’s partner, or applicant and applicant partner together, have total net business and personal assets of at least AUD 1.25 million. For 2 out of 4 fiscal years immediately, they must have owned more than 30% of total value of the business, and the annual turnover of the applicant's company must be over AUD750,000. Applicants agree and need to conduct business in Australia for 2 years. The stream is similar to the repealed Subcalss 163 and is particularly suitable for domestic small and medium-sized business owners.

(2) 188B Investor Stream: Applicants must have extensive investment and business experience, with successful investment or business background of at least 3 years. Through legitimate business or investment activities, you must make (on or after the time of application for this visa), a complying significant investment of at least AUD2.5 million, and must provide tax statements/delivery notes.

(3) 188C Significant Investor Stream: Applicants agree to invest AUD 5 million to Australia and hold it for three years to be eligible for permanent residency. The stream has no restrictions on language, age, or the source of funds, and does not require a points test. It's an ideal choice for individuals with high net worth.

Australian Business Immigration Subclass188 A and B use a points calculator. It considers personal and business net assets, company turnover, and other metrics. It also scores the applicant's age, education, English proficiency, and specific factors like business operations and technical contributions/patents. Applicants must first meet the basic requirements, score over 65 points (the passing score), submit an Expression of Interest (EOI) via SkillSelect, and apply for state government sponsorship to have a chance at receiving an immigration invitation.
Scoring Criteria

 Family Asset


Age


 AUD1.25 million in the last 2 years

5

18-24

20

AUD1.75 million in the last 2 years

15

25-32

30

AUD 2.25 million in the last 2 years

25

33-39

25

AUD2.75 million in the last 2 years

35

40-44

20



45-54

15

Business Background(Only Applicable to Business Innovation Stream

 




Have a ownership stake for 4 out of 5 fiscal years

10

Invest Background (Only Applicable to Invest Stream)


Have business experience for 7 out of 8 fiscal years

15

AUD250,000 investment funds in last 4 years

 

 

10



AUD250,000 investment funds in last 7 years

 

15

Business Turnover (the last 4 years)




a turnover of AUD750,000 or more per year in 2 years

5

Language


a turnover of AUD1,250,000 or more per year in 2 years

15

 

IELTS: 5 for each of the 4 test components

5

2年超过175万澳元/年

a turnover of AUD1,750,000 or more per year in 2 years

25

IELTS 每门7分

IELTS: 7 for each of the 4 test components

10

a turnover of AUD2,250,000 or more per year in 2 years

35





Others


Educational Background


More than 1 year registered patent/design

 

15

Australian Certificates/Junior College / Bachelor Degree

5

More than 1 year registered trademark

10

Overseas bachelor’s degree

5

More than 1 year formal associate company

5

Australian Bachelor’s Degree / Overseas Bachelor’s Degree in Business/Science/Technology

10

Exports accounted for 50% of sales in 2 out of 4 years

15



Special Contributions recognized by state government

 

10

The company is not more than 5 years old, with the annual sales growth of more than 20% for 3 consecutive years and more than 10 employees for at least 1 year

 

10

In the last 4 years, awarded AUD10,000 by state government (new company/product market-oriented/business development) or attracted investment funds of more than AUD 100,000

10

 

State or Territory Sponsorship of Business Immigration

Before applying for various streams of business immigration, you must obtain sponsorship from state or territorial governments and fulfill local business or investment commitments during the visa period. Different state government sponsorship requirements are detailed in the comparison table.

 

Subclass 188A

Australia Capital Territory

New South Wales

Northern Territory

Queensland

South Australia

Tasmania

Victoria

Western

Australia

Application Fee

600

Offshore Lodged

820

Onshore Lodged 902

None

500

948

None

None

750

Invest Amount

AUD200,000

AUD500,000 in Sydney

AUD 300,000 in other regions

No Restriction

 

AUD 300,000 in Brisbane and Gold Coast

AUD 400,000 in other regions

AUD300,000 (under 55)

No Restriction

 

AUD500,000

No Restriction

 

 


Subclass 188B

Australia Capital Territory

New South Wales

Northern Territory

Queensland

South Australia

Tasmania

Victoria

Western

Australia

Application Fee

/

Offshore Lodged

820

Onshore Lodged

902

one

500

948

one

one

750

Investment Amount

/

AUD2.5 million

AUD2.5 million

AUD2.5 million

AUD2.5 million

AUD2.5 million

AUD2.5 million

AUD2.5 million

 

Subclass 188C

Australia Capital Territory

New South Wales

Northern Territory

Queensland

South Australia

Tasmania

Victoria

Western

Australia

Application Fee

600

Offshore Lodged

820

Onshore Lodged

902

None

500

948

None

None

750

Investment Funds

AUD 5 million

AUD 5 million

AUD 5 million

AUD 5 million

AUD 5 million

AUD 5 million

AUD 5 million

AUD 5 million

 

 

 


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