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ABOUT VISA 188A

Operate a new or existing business in Australia

 

Bring eligible members of your family with you

 

Stay in Australia for up to 5 years

 

 

You can travel outside Australia and return as many times as you want while the visa is valid.

 

Work and study in Australia

 

Apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream if certain requirements are met

 

 

 

Visa 188A/888A

Visa 188A is Business Innovation Stream.  This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia. 

REQUIREMENT

  • 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

ABOUT BUSINESS

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 BY STEP

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

MAKE AN APPOINTMENT

    WORKING HOURS

    9.00AM - 5.00PM

    EMAIL

    info@vfconsulting.com.au

    HOTLINE

    +61 401 288 888 (AU)
    +84 971 321 539 (VN)

    HEADQUARTERS

    530 Little Collins Street, Suite 513, Melbourne VIC 3000