AUSTRALIA
Business Innovation and Investment Program (subclass 188)
The Business Innovation and Investment Program is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the national innovation system and to the Australian economy.
AUSTRALIA PERMANENT RESIDENCE VISA STREAM
A. Significant Business History Stream (subclass 132)
- Be under 55 years old
- Business and personal assets of at least AUD 1,500,000
- Main business should have an annual turnover of at least AUD 3,000,000
B. Venture Capital Entrepreneur Stream (subclass 132)
- Receive venture capital funding of AUD 1,000,000 for:
- the early-phase start-up of a business in Australia; or
- the commercialization of a product in Australia; or
- the development of a business in Australia; or
- the expansion of a business in Australia
AUSTRALIA PROVISIONAL VISA STREAM
A. Business Innovation Stream (subclass 188A)
- Be under 55 years old
- Net personal or business assets of at least AUD800,000 available for transfer to Australia
- Business turnover of at least AUD500,000 for two out of the last four years
This VISA is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system.
This is a 4-year temporary visa, for people who want to own and manage a new or existing business in Australia. Once established an ownership interest in an Australian business, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. A 2-year extension is possible once the applicant has held the subclass 188 VISA for 3 years, giving 6 years from the date of grant of the original Visa. The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia: Must hold a Substantive Visa or a Bridging A, B or C visa. 188A The Business Innovation Stream
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B. Investor Stream (subclass 188B)
- Be under 55 years old
- Net personal or business assets of at least AUD2.25million
- Invest AUD 1.5 million dollars in a state or territory for at least 4 years
188B visa is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system.
This is a 4-year temporary visa, for people who want to make a designated investment in an Australian state or territory. After maintained an investment in Australian for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia: · Must hold a Substantive Visa or a Bridging A, B or C visa. 188B The Investor Stream
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C. Significant Investor Stream (subclass 188C)
- Investment of at least AUD5 million dollars in Commonwealth, State or Territory government bonds, or eligible investment funds.
This VISA is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system.
This is a 4-year temporary visa, for people willing to make an AUD 5 million investment in Australia. After maintained an investment in Australian for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia: · Must hold a Substantive Visa or a Bridging A, B or C visa. 188C Significant Investor Visa (SIV) Stream
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D. Premium Investor Stream (subclass 188D)
- Investment of AUD15 million dollars into complying investments
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E. Entrepreneur Stream (subclass 188E)
- Be under 55 years old
- Develop an enterprise or business in Australia OR
- Commercialise a product or service
- AUD 200,000 funding from any of the following:
- Commonwealth agencies;
- State and Territory governments;
- Publicly funded research organisations; and
- Investors registered as a Venture Capital Limited Partnership/s (VCLP) or an Early Stage Venture Capital Limited Partnership/s (ESVCLP).
This VISA is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system.
This is a 4-year temporary visa, for entrepreneurs with innovative ideas and financial backing from a third party. After spending 2 years in Australia and being sponsored by a state or territory government to qualify for a permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia: · You must hold a Substantive Visa or a Bridging A, B or C visa. 188E Entrepreneur Stream
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