Australia Business Innovation ( Subclass 188 )
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.
You must have a successful business career and a genuine desire to continuously own and manage a business in Australia.
Unless your business will be of exceptional economic benefit.
More Detail about Australia Business Innovation
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:
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.
Does Canada have a business immigration program? Yes, please click Here
When you are invited to apply for Australia Business Innovation, you, your partner, or you and your partner combined must have total net business and personal assets of at least AUD800,000. Your funds must be available to transfer to Australia within 2 years of us granting the visa.
You must score at least 65 points on the points test.
You can get points for many reasons, including your:
Points table for Australia Business Innovation
Points criteria are assessed at the time of invitation.
You will only be awarded one set of points under each factor. For example, if you have an English language ability of Proficient, you will be awarded 10 points for Proficient English and not points for both Proficient English and Vocational English.
|55 and older||0|
|English language ability||Vocational English||5|
|Educational qualifications||Trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an educational institution of a recognised standard||5|
|A Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification in business, science or technology by an educational institution of a recognised standard||10|
|Financial assets||Net business and personal assets of you, your partner or you and your partner combined in each of the preceding 2 fiscal years of at least:|
|Not less than AUD800,000||5|
|Not less than AUD1.3 million||15|
|Not less than AUD1.8 million||25|
|Not less than AUD2.25 million||35|
|Business turnover||You had an ownership interest in one or more main businesses that had an annual turnover in at least 2 of the 4 fiscal years immediately before the time of invitation to apply for the visa:|
|Not less than AUD500,000||5|
|Not less than AUD1 million||15|
|Not less than AUD1.5 million||25|
|Not less than AUD2 million||35|
|Business Innovation stream only
|You have held 1 or more main businesses before you were invited to apply for the visa for:|
|Not less than 4 years within the preceding 5 years||10|
|Not less than 7 years within the preceding 8 years||15|
|Investor stream only
|Immediately before the time of application you held eligible investments of at least AUD100,000 held for:|
|Not less than 4 years||10|
|Not less than 7 years||15|
|Business innovation qualifications|
|Patents or designs registered not less than 1 year before that time and used in the day to day activities of the main business||15|
|Trademarks registered not less than 1 year before that time and used in the day to day activities of the main business||10|
|An ownership in and day to day participation in the management of one or more main business operated under a formal joint venture agreement/s entered into no less than 1 year before the time||5|
|An ownership interest in a main business/s that derives no less than 50% of its annual turnover from export trade||15|
|An ownership interest in a main buisness/s not more that 5 years before :
|An ownership interest in a main business/s that received :
|Special endorsement||The nominating State or Territory government agency has determined that your proposed business is of unique and important benefit to the State or Territory where the nominating government agency is located||10|
Where is Australia?
Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands.
currency: Australian dollar (AUD)
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