Business Innovation and Investment Visa
Types of Business and Investor Visas
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188 Innovation and Investment (Provisional) Visa – Innovation Stream
Key Features
- Suitable for small to medium sized entrepreneur
- Focus on business innovative skills such as patents, trademarks, export
- Assessment of an overall successful business background including turnover and profit
- 4‐year temporary visa with PR pathway after 2 years
- Entitlement to Medicare and free education up to year 12
Visa Eligibility
- Under 55 years of age, up to 60 years of age (subject to special consideration from the state government)
- Daily manage a business with at least 30% ownership with turnover of at least A$500,000 for at least 2 of the last 4 fiscal years
- Net personal and business assets of at least A$800,000 with a lawful source of funds
- Have an overall successful career in the main business
- Meet the pass mark in the Business innovation and investment Points test (currently 65 points)
- Meet health and character requirements
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188 Innovation and Investment (Provisional) Visa – Investor Stream
Key Features
- Suitable for active international investors in areas such as stock, features, fund, foreign exchange, real estate or business
- Assessment of investment background such as investment amount, frequency of trading and investment profit ratio
- A$1.5 million investment in government bond is required
- 4 years temporary visas with PR pathway after 4 years
- Entitlement to Medicare and free education up to year 12
Visa Eligibility
- Under 55 years of age, up to 60 years of age (subject to special consideration from the state government)
- The applicant has had business and personal net assets of at least A$2.25 million for the last 2 fiscal years
- The applicant must make an investment of A$1.5 million in Australian State or Territory bonds prior to grant of the visa
- Have 3 years of experience either managing a qualifying business or “eligible investments”, and have showed a high level of management skill
- For at least 1 of the 5 fiscal years, the applicant has either managed a business in which the applicant holds a 10% shareholding; or manage “eligible investments” of at least A$1.5 million. Eligible investments include: (1) Ownership interests in a business; (2) Cash on deposit; (3) Stocks or bonds; (4) Real estate; (5) Gold or bullion; (6) Loan to a business.
- Meet the pass mark in the Business innovation and investment Points test (currently 65 points).
- Meet health and character requirements
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188 Innovation and Investment (Provisional) Visa – Significant Investor Stream
Key Features
- Suitable for applicant who has disposable asset or deposit of at least A$5 million
- No age, skills, English, business or investment background required
- Assessment of lawful source of funds for claimed A$5 million asset
- 4 years temporary visas with PR pathway after 4 years
- Entitlement to Medicare and free education up to year 12
Visa Eligibility
- For grant of the visa, the applicant must make an investment of at least AUD 5 million in a “complying investment”
- A “complying investment” for the purposes of the Significant Investor Visa must be made up of: (1) At least $500,000 in venture capital and growth private equity funds which invest in start‐ups and small private companies; (2) At least $1.5 million in approved managed funds investing in emerging companies listed on the Australian Stock Exchange; (3) A ‘balancing investment’ of up to $3 million in managed funds that may invest in a range of assets, including ASX‐listed companies, Australian corporate bonds or notes, annuities and commercial real estate.
- Meet health and character requirements
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132 Business Talent (Permanent) Visa – Significant Business History Stream
Key Features
- Suitable for large‐sized entrepreneur
- Direct PR
- Assessment of an overall successful business background such as turnover, business net assets and profit
- Assessment of economic benefit derived from the proposed investment plan in Australia
- No business innovation and investment points test required
Visa Eligibility
- Under 55 years of age, up to 60 years of age (subject to special consideration from the state government)
- Daily manage a business with at least 30% ownership with turnover of at least A$3 million and net assets in business of at least A$400,000 for at least 2 of the last 4 fiscal years
- Net personal and business assets of at least A$1.5 million with lawful source of funds
- Have an overall successful career in business
- Meet health and character requirements
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888 Business Innovation and Investment (Permanent) Visa
Key Features
- Only available for 188 visa holders
- Assessment of an Australian business performance such as turnover, business net assets and number of Australian employees hired
- No business innovation and investment points test required
- No second health assessment
Visa Eligibility
- At least 2 years continuous operation of a qualifying main business with at least 30% ownership in the nominating state
- Daily manage a business with turnover of at least A$200,000 for the last 12 months prior to the visa application
- At least A$600,000 throughout the last 12 months prior to the visa application and were lawfully acquired
- Meet health and character requirements
