Business Innovation and Investment (Provisional) visa (subclass 188)
This visa is for people who want to own and manage a new or existing business in Australia, or to invest in an Australian state or territory.The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Business Innovation and Investment Programme.
The visa includes three streams:
Business Innovation stream:for people with business skills who want to establish, develop and manage a new or existing business in Australia.
Basic requirements :
Age under 55
Score 65 on the point test system
Current business turnover of at least A$ 500,000
Current interest / share of 51% in business
Net personal and business assets combine values of at least A$ 800,000
Investor stream: for people who want to make a designated investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia.
Basic Requirements :
Age under 55
Score 65 on the point test system
High level of investment management experience
At least have there years of experience while managing business or investments
Overall success record of business activity or investments
Genuine and realistic commitments to continue business and interment activities after landing in Australia
Genuine intentions to live in sponsoring state where you have made investments at least for two years .
At least of 10% ownership / share in a business
Current Investment value of at least 1.5 million AUD
Net business assets combine with personal assets and Investments of at least 2.25 million in the last two fiscal years transferable to Australia within two years of grant of provisional visa.
Make designated investment of 1.5 million in a sponsoring state and prepare to hold the investment for at least four years from the date of sponsorship .
Significant Investor stream:for people who are willing to invest at least AUD5million into complying investments for four years in Australia and want to maintain business and investment activity in Australia.
Basis Requirements :
Investment proportions
At least 500,000 In venture Capital
At least 1.5 million in approved managed funds emerging from companies listed on the Australian Stock Exchange
A glance investment of at least AUD 3 million in managed funds that may invest in range of assets including ASX-lited companies , Australian corporate or notes annuities and commercial real estate.
Premium Investor Stream : Pease contact us to know about this visa stream
Entrepreneur Stream : This is visa is for people who would like to involve in complying entrepreneur activity in Australia .
Basis Requirements :
Age under 55
Competent English 6 in all modules of IELTS or equivalent
Undertaking or proposing to undertake complying entrepreneur activity in Australia
What is Complying Entrepreneur Activity ?
A complying entrepreneur activity is an activity relates to the idea that would lead to the commercialisation of the product or services in Australia or development of enterprise or business in Australia .
Excluded activities :
Residential real estate
labour hire
Purchase of an existing enterprise or franchise in Australia
Complying Activity benchmarks :
-You have one or more legally enforceable agreements to receive funding with a total of at leat AUD 200,000 from one of the following :
Commonwealth Government agency
State or Territory Government
Publicly Funded Research Organisation
Investor registered as an Australian Venture Capital Limited Partnership or
EarlyState Venture Capital Limited Partnership
Specified Higher Education Provider
-under the agreement at least 10 per cent of the funding must be payable to the entrepreneurial entity within 12 months of the day the activity starts to be undertaken in Australia;
-You held at least 30 per cent interest in your entrepreneurial entity when you entered into the agreement.
-You have a business plan for the entrepreneurial entity noting how your innovative idea will lead to the commercialisation of a product or service in Australia, or the development of an enterprise or business in Australia.