188A – Business Innovation Stream

About this Visa

188A (Business Innovation Stream) is one type of stream for the (Business Innovation and Investment) visa. It is suitable for people with business skills who want to establish, develop and manage a new or existing business in Australia. Holding this visa is the first stage before becoming eligible to qualify for the 888A (Business Innovation and Investment – Permanent) Visa.

188A Visa Requirement

  1. Be under 55 years of age
  2. No English Requirements
  3. Have an overall successful business career and a genuine desire to continuously own and maintain a management role in a business in Australia
  4. Score at least 65 on the point test
  5. For two out of four fiscal years immediately before you are invited to apply:
    1. have had an ownership interest in an established business or businesses that had at least AUD500,000 turnover in each of those years
  6. Own at least one of the following percentage of your nominated main business:
    1. 51%, if business has a turnover of less than AUD400,000 per year
    2. 30%, if business has a turnover of AUD400,000 or more per year
    3. 10%, if business is a publicly listed company
  7. You, your partner or you and your partner combined must have total net business and personal assets of at least AUD800,000 that are lawfully acquired and available for legal transfer to Australia within 2 years of the visa being granted
  8. You and your partner must have had no involvement in unacceptable business or investment activities
  9. Applicants must be nominated by a state or territory government

Before and how to apply

  1. Prepare your documents
  2. First submit an Expression of Interest (EOI)
  3. Be invited through SkillSelect to apply
  4. Received invitation
  5. Lodge Visa Application

188A Visa Holder Obligation

  1. Obtain and maintain substantial ownership interest in a business in Australia
  2. Participate, at a senior level, in the day-to-day management and decision-making of that business
  3. Hold a relevant ownership of:
    1. 51%, business has a turnover of less than AUD400,000
    2. 30%, business has a turnover of AUD400,000 or more
    3. 10%, business is a publicly listed company
  4. Required at least AUD200,000 business assets in Australia
  5. Total of business and personal assets of at least AUD600,000 in Australia
  6. Required to hire Australian local employees