VISA 188A - BUSINESS INNOVATION AND INVESTMENT

Australian Immigration Investment Program for Entrepreneurs on the Visa 188A

Allow investors to own and manage business investments in Australia in many ways. Investors and lawful family members including: Spouses and children under 23 years of age who are still single (dependent) will be granted a temporary visa (Visa 188 - Provisional visa) with a period of 4 years and 3 months, which can be extended for 2 years thereafter depending on the type of investment, or continue to apply for a permanent resident visa (Visa 888 - Permanent Residence).

CONDITIONS FOR APPLICANTS:

Under 55 years old, a minimum of 65 points according to the immigration scale system.

Within 2 years of the last 4 financial years before receiving the invitation to apply for a visa, have a stake in a company, with a minimum total turnover of 500,000 AUD/year.

Owning shares:

51% if turnover < 400,000 AUD/year.

30% if turnover > 400,000 AUD/year.

10% if the company has been publicly listed.

Applicant and spouse must have total assets of at least AUD 800,000.

CONDITIONS TO BECOME A PERMANENT RESIDENT: (Subclass 888)

Living Australia and holding a 188A visa for a minimum of 1 year over the last 2 years before applying for a permanent visa.

Annual turnover of at least AUD 300,000 in the 12 months prior to the date of application.

Contributing business capital, directly managing 1 or 2 companies in Australia for 2 years from the date of applying for permanent residence and holding a minimum share:

51% if turnover < 400,000 AUD/year.

30% if turnover > 400,000 AUD/year.

10% if the company has been publicly listed, on the stock exchange.

The applicant or/and spouse must meet at least 2 of the following conditions:

Total business net assets in Australia reached at least 200,000 AUD during the last 1 year before the application date.

Total personal and business assets in Australia reached a minimum of AUD 600,000 during the last 1 year before the date of application.

At least 2 local full-time employees are employed at Australian businesses during the last 1 year before the date of application.