What is a business Innovation stream visa (Subclass 188A) in Australia?

Introduction

Applicants who wish to establish a new or existing business in Australia may apply for a subclass 188A visa. Only applicants who are nominated by an Australian state or territory and pass the visa’s points test are eligible for this visa. The 188A is valid for 5 years; if certain conditions are satisfied after 3 years, the bearer will be eligible for the Permanent Business Visa 888A.

Benefits

• Run a new or current company in Australia.
• Stay for up to five years in Australia.
• Family members that qualify may join you.
• If specific conditions are satisfied, apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888).
  
  

Qualifications and Conditions

Enjoy a prosperous business career

Possess a business

The applicant must have had a financial interest in at least one or two companies for two of the preceding four fiscal years, with at least:

• Turnover of AUD750,000 in each of those two years
• Regardless of whether the applicant owns one or two enterprises, they must at least:
• A brand-new or enduring company in Australia
• Stay for up to five years in Australia.
• Family members that qualify may join you.
• If specific conditions are satisfied, apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888).
• Applicant must possess both private and commercial assets
• You, your partner, or both of you together must have a total net worth of at least: when you are invited to apply for his visa.
• AUD 1,250,000
• Within two years of the visa being granted, the money must be accessible for transfer to Australia.
• Score on the points test of at least 65.
• Not older than 55
• Do not have a history of engagement in unacceptable actions
• Have good English skills
• Meet the requirements for character and health
• Sign the declaration of Australian values.
• I owe the Australian government nothing.
• Not have had a prior application denied or a visa revoked
• Before applying for this visa, you must be nominated by a government organization in an Australian State or Territory
  
  

The qualifying requirements for business migrants who want to immigrate to Australia vary depending on the stream. The prerequisites for each stream’s eligibility include:

Stream for business innovation (subclass 188A)

• being proposed by the government of an Australian State or Territory;
• own assets for one and a half million Australian dollars;
• having a $750,000 annual revenue.

Investor flow (subclass 188B)

• being proposed by the government of an Australian State or Territory;
• making AUD 2.5 million in investments in Australian companies;
  
  

Substantial investor stream (subclass 188C)

• being proposed by the government of an Australian State or Territory;
• being able to put at least AUD5 million into Australian companies that qualify;
• Stream of entrepreneurs (subclass 188E)
• being proposed by the government of an Australian State or Territory;
• engaging in, or being open to engaging in, an entrepreneurial activity that is compliant and will result in the commercialization of a good or service in Australia following immigration;
• pursuing, or being prepared to pursue, a compliant entrepreneurial activity that will result in the establishment of a firm or enterprise in Australia following immigration;

Cost

• The primary applicant’s cost for this visa starts at AUD6,270.
• Additionally, there is a fee for every family member that applies for the visa with you:
• AUD3,135 for a second application who is older than 18
• A further applicant under the age of 18 will pay AUD 1,565.
• Any candidate who is 18 years of age or older and whose English is less than functional must also pay an additional fee.
• The second installment charge is this one. Only pay it if we ask you to. If we decide not to issue you a visa, we will reimburse your payment.
• The second installment fees are as follows:
• principal candidate: AUD9795
• relatives: AUD 4890
• Use the Visa Pricing Estimator to calculate the cost of your visa. The estimate does not consider the second installment and other expenses. For health examinations, police records, and biometrics, you can also be required to pay additional fees.

Processing duration

• 25% of applications: 15 Months
• 16 months for 50% of applications
• 3 years for 75% of applications
• In 90% of cases, 34 months

Your commitments

You must abide by all visa requirements and Australian regulations, as well as those of your family members who are included in your application.

Find out more about the requirements for this visa.

Additionally, you must adhere to Australian labor rules and fulfill specific corporate requirements.

• fulfill your professional obligations
• As long as you have this visa, you must:
• have a large stake in an Australian company’s ownership
• and participate at a senior level in its day-to-day management
  
  

You must carry out at least one of the following in the business:

• the Australian economy’s business activity and competitiveness.
• create business connections with global markets
• work with Australians
• Australian products for export
• present updated or innovative technology, or
• create products or services that Australia would otherwise have to import
  
  

Conclusion

Parish Patience is here to assist if you wish to move to Australia as a skilled worker and require professional advice. Thanks to our more than 10 years of experience in the field of education and migration counseling, we can offer comprehensive solutions to the candidates and support them throughout the entire process.

Since 1888, we have been offering assistance and support for all types of Visas in Australia. We’ll make sure your application is processed correctly and quickly – so that it meets the requirements necessary to enter this great country! We provide comprehensive solutions to the candidates and support them throughout the entire Visa journey.

Please call our office on 02 9286 8700 or email:ppmail@ppilaw.com.au

Book a Consultation with Parish Patience Immigration Lawyers for Expert Advice on subclass 186 ENS Visa.