Business Innovation and Investment (Provisional) Visa (Subclass 188)
This Australia business visa application allows an individual to stay in the country. The subclass 188 visa Australia permits the candidate to run and manage a new or already existing business in Australia. To be eligible for business immigration Australia, the candidate has to be nominated by the Australian agency or state government.
General eligibility requirements of Australia Business visa subclass 188
The candidates must satisfy all the following criteria:
All the eligible candidates should be below 55 years of age
The nomination position have got some of the licencing requirements that have to be met by the applicant
The language ability should also be satisfactory
The business visa Australia will only be granted if the health requirements has been satisfied by the individual
The character requirements should also be satisfied by the applicant for which he has to supply the police clearance certificate for one year or more
Certain streams require a minimum score of 65 credits as they are points-based
Business Innovation Stream
This Australia business visa also known as Business innovation stream is based upon points as this is a points-based stream and permits individuals of this visa to enhance and manage a business be it new or already existing one. For this stream, the candidates will be nominated by the either territory or state government.
The age limit for australia business visa should be under 55 and as it is a point based system, the applicant needs to have 65 points in order to get business immigration Australia.
Moreover, they should also own a longtime business of annual turnover 500,000 australian dollars.
This business immigration Australia stream is for the candidates who are willing to hold a position in a business worth 1,5 million Australian Dollars. The applicant has to have a commitment that should state that he will be taking care of the business as well as the investment activities in the country. Additionally, the candidates need to be nominated by the state government. For the investor stream, the candidate should be under 55 years.
Candidates need to have 65 credits in order to be eligible for this stream.
Significant Investor Stream
This Australia business visa is specifically for the individuals that to invest worth AUD 5 million over 5 years of complying significant investment. If the applicant wants to get nominated by the state or the territory, he needs to stay in the country for a period of 40 days every year. This stream includes an investment of 500,00 million in small enterprises or start-ups and for emerging companies, the candidate has to invest 1.5 million Australian dollars.
Premium Investor Stream
The premium investor stream is for individuals who wish to invest 15 million Australian dollars in complying investments. The Austrade on behalf of Australian government could nominate applicants for this stream. The stream has got complying investments namely government notes or bonds, Australian securities exchange listed assets, real estate and more.
Entrepreneur Stream is for those individuals who have an innovative business decision or plan in order to commercialise a product or service or to enhance a business in Australia.
State or territory government will nominate the candidates of this particular stream.
The candidates willing for such streams need to have a competent english language and the age should be below 55 years. The investment associated with this entrepreneur stream is a funding agreement of AUD 200,000 from either state or territory government.
Steps to apply for Subclass 188 visa Australia?
Step 1: Check if you meet all the visa requirements
Step 2: Submit an Expression of Interest and be invited through SkillSelect to use
Step 3: Prepare Your Documents
Step 4: Lodge Your Application Online
Step 5: Await a choice
Step 6: Receive your visa and begin working
For more detailed knowledge about Australia business visas through the best Australia immigration consultants, you can write to us your queries at firstname.lastname@example.org and we will catch you shortly.
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