Australia business Visa

Australia offers several business and investment visas designed to facilitate business operations and investment activities.The Business Innovation Stream under the Business Innovation and Investment (Provisional) Visa (Subclass 188A) is designed for individuals who want to own and manage a business in Australia. Here's a detailed overview:

1. Business Innovation Stream (Subclass 188A)

Purpose

  • Allows individuals to establish, develop, and manage a new or existing business in Australia.
  • Occupation: The job must be in an occupation that is on the Essential Skills in Demand list or match your skills and experience.
  • Provides a pathway to permanent residency through the Business Innovation and Investment (Permanent) Visa (Subclass 888).

    • 2. Eligibility Criteria.

    1. Business Experience

  • Must have a successful business career with a proven track record of managing a business or businesses.
  • Must demonstrate ownership and management of a business that meets specific financial thresholds..

    • 2. Business Ownership and Financial Requirements

  • Net Assets: Must have net assets of at least AUD 800,000 that are legally acquired and available for use in the business.
  • Turnover: The business or businesses you have managed must have had a minimum turnover of AUD 500,000 in at least two of the last four fiscal years.
  • Business Ownership: Must have a minimum ownership share of 51% if the business turnover is less than AUD 400,000, 30% if the turnover is AUD 400,000 or more, or 10% if the business is publicly listed.

    • 3. State or Territory Nomination

  • Must obtain nomination from an Australian state or territory government.
  • Each state or territory has its own requirements and criteria for nomination.

    • 4. Business Plan:

  • Must present a detailed business plan outlining how you intend to establish, develop, and manage a business in Australia.

    • 5. English Language

  • English language proficiency is not a mandatory requirement for this visa stream, but it may be helpful in some cases.

    • Fees:

  • Visa Application Fee: Approximately AUD 5,045 for the primary applicant.
  • Additional Fees: Additional fees apply for family members included in the application.

    • Pathway to Permanent Residency

  • The Subclass 188A visa provides a pathway to permanent residency through the Business Innovation and Investment (Permanent) Visa (Subclass 888), provided you meet the requirements of the Business Innovation Stream under the Subclass 888 visa.