Visa 188A/888A

• Be under 55
• Score at least 65 on the points test
• Have business ownership
• Own personal and business assets
• Have a successful business career
• Have functional English
• Meet the health requirement

1, Have business ownership

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 if you were invited to apply before 1 July 2021
• AUD750,000 turnover in each of those 2 years if you were invited to apply on or after 1 July 2021

Whether you have 1 or 2 businesses, you must own at least:

• 51%, of the total value of the business if the business has a turnover of less than AUD400,000 per year
• 30%, of the total value of the business  if the business has a turnover of AUD400,000 or more per year, or
• 10%, of the total value of the business if the business is operated by a publicly listed company

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.

2, Own personal and business assets

When you are invited to apply for this visa, you, your partner, or you and your partner combined must have total net business and personal assets of at least:

• AUD1,250,000 if you were invited to apply on or after 1 July 2021.
• AUD800,000 if you were invited to apply before 1 July 2021

Your funds must be available to transfer to Australia within 2 years of us granting the visa.

Step 1: Evaluation and preparation of documents

Step 2: Apply for State Nomination

Step 3: Apply for visa 188A

Step 4: Visa approve

Step 5: Health check

Step 6: Visa grant

Step 7: Going to Australia to invest in business