Business & Investor Visas Australia

There are different types of business visas, depending on whether you wish to establish or buy into an existing business in Australia or apply as an investor.

Pathway to a permanent visa

Business Innovation and Investment (Provisional) Visa (Subclass 188)?

Work and live in Australia with the Business Innovation and Investment (Provisional) Visa (Subclass 188). This visa allows you to own and manage a new or existing business in Australia, or to invest in Australia. You must be nominated by a state or territory government or Australian agency to be eligible to apply.

The benefits of the Business Innovation and Investment (Provisional) Visa (Subclass 188) include:

The right to establish a new or develop an existing business, or to invest in Australia

Unlimited travel in and out of Australia

Bring family members with you to Australia

Opportunity to apply for Australian citizenship

The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)

 

Visa Benefits

The Business Innovation and Investment visa (Subclass 188) is a temporary visa for applicants who want to own or manage a new or existing business in Australia. It also serves as a first step towards being eligible for a permanent Business Skills visa.

Travel In And Out Of Australia Till The Visa Is Valid. No travel exemption required 

Be Eligible For Permanent Residency By Applying For A Business Innovation And Investment (Permanent) Visa (Subclass 888)

You can include members of the family unit in your application when you apply. You can also add dependent children to your application at any time before the department decides on your application.

Invest in Australia with a  AAA rating.

Australia is a stable and low-risk destination for investment, thanks to our resilient economy, dynamic industries and strong trade ties with the world.

Business Innovation and Investment (Provisional) visa (subclass 188)

The Business Innovation and Investment (Provisional) visa (subclass 188) has five streams available through the Department of Home Affairs’ Business Innovation and Investment Program. Four streams allow applicants to be nominated by a state or territory government.

188A Business Innovation Stream

A provisional visa for those with business skills who want to establish, develop and manage a new or existing business in Australia.

188B Investor Stream

A provisional visa for high net-worth individuals who are willing to make a designated investment of at least A$2.5 million in an Australian state or territory and maintain business and investment activity in Australia.

188C Significant Investor Stream

A provisional visa for high net-worth individuals who are willing to invest at least A$5 million into complying significant investments in Australia and want to maintain business and investment activity in Australia.

188E Entrepreneur Stream

A provisional visa for those who have secured funding of at least A$200,000 from a third party funding body to facilitate the commercialisation of a product, service or development of a business in Australia.

ELIGIBILITY CRITERIA

To be eligible for the Business Innovation and Investor stream you will be assessed against a points test and are required to meet at least 65 points. The Significant Investor Stream is not points tested.

  • You must be under 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the nominating state or territory;
  • Score at least 65 on the Points Test ;
  • For two out of the four fiscal years immediately before you are invited to apply, have had an ownership interest in an established business or businesses that had at least AUD750 000 turnover in each of those years;
  • Own at least one of the following percentages of your nominated main business:
    • 51 per cent, if the business has a turnover of less than AUD400 000 per year.
    • 30 per cent, if the business has a turnover of AUD400 000 or more per year.
    • 10 per cent, if the business is a publicly listed company.
  • Have an overall successful business career;
  • Have a genuine desire to continuously own and maintain a management role in a business in Australia;
  • You, your partner, or you and your partner combined must have total net assets of at least AUD1.25 Mill that are lawfully acquired and available for legal transfer to Australia within two years of the visa being granted;
  • You and your partner must have had no involvement in unacceptable business or investment activities.
  • You must be under 55 years of age, although a state or territory can waive this requirement if your proposed investment will be of exceptional economic benefit to the nominating state or territory;
  • Score at least 65 on the Points Test ;
  • Have a high level of management skills in relation to the eligible investment or qualifying business activity;
  • Have at least three years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments;
  • Have an overall successful record of eligible investment or qualifying business activity;
  • Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.
  • Have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment;
  • You, your partner, or you and your partner combined must for at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:
    • A qualifying business in which you, your partner or you and your partner combined had at least 10 per cent ownership interest, or
    • Eligible investments owned by you, your partner or you and your partner combined of at least AUD1.5million.
  • During the two fiscal years immediately before you are invited to apply, have legally acquired net business, investment and personal assets of at least AUD2.5 million that are available for legal transfer to Australia within two years of the visa being granted;
  • Make a designated investment of at least AUD2.5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least four years from date of issue in your nominating state or territory;
  • Have had no involvement in unacceptable activities.

Please note that the rules that were in force at the time that you applied for your Significant Investor visa will continue to apply for the duration of your provisional visa, including any Extension stream visas you apply for that relate to that provisional visa.

You must have a genuine and realistic commitment to:

  • reside in the state or territory whose government agency nominated you,
  • continue your business and investment activity in Australia after the conclusion of your provisional visa,
  • live in Australia for at least 40 days per year (calculated cumulatively) for the duration of your provisional visa, or your spouse to live for at least 180 days per year (calculated cumulatively) for the duration of your provisional visa.

You, your partner, or you and your partner combined must have net assets of at least AUD5 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.

You and your partner must not have been involved in unacceptable business or investment activities.

You, members of your family unit aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.

Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.

You must also make a complying investment or a complying significant investment of at least AUD5 million over four years.

To obtain a 188E Business (Entrepreneur) visa, you must meet the following requirements:

  • The applicant must be nominated by a state or territory government
  • The applicant must have Competent English
  • Be under 55 years of age (unless a state or territory government nominates you as providing ‘exceptional economic benefit’ to the state or territory.
  • Have a funding agreement in place for at least $200,00 to establish a venture in Australia
  • Ownership interest of at least 30% in the venture
  • Your proposed venture need to be either commercialisation of a product or service in Australia, or development of an enterprise of business within Australia.
  • Certain activities are not considered sufficiently innovative and are excluded – these include the purchase of an existing business or franchise, real estate activities and labour hire activities.

To apply for the Entrepreneur Visa, you will need to have an agreement for at least $200,000 in funding from a commercial agency, a state or territory government, a publicly funded research organisation or investors who are registered as Venture Capital Limited Partnerships or Early Stage Venture Capital Limited Partnerships. The funding agreement must involve the transfer of at least 10% of the funds within 12 months of commencing the activity in Australia.

Changes in the 188 / 888 Visa's after 1st July 2021

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Contacts

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Phone

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