The Business Innovation stream is for people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicants must be nominated by a state or territory government.

In order to qualify for a subclass 188 visa, you will need to show that you, your spouse or you and your spouse together meet the following minimum requirements

• have obtained a sponsorship nomination from one of Australia’s State/Territory governments – we have established close relationships with the major sponsoring States and they are always happy to facilitate our clients who have innovative and realistic business plans for Australia
• be under 55 years of age unless the nominating State / Territory provides a waiver on the age requirement (main applicant only)
• have total assets of at least the equivalent of AUD1,25 million that have been legally acquired and can be legally transferred to Australia within two years of the visa being granted.
• have a business with a total annual turnover of at least the equivalent of AUD750 000 in at least two of the four fiscal years immediately before being invited to apply for the visa. The exchange rate used to calculate the Rand equivalent turnover is the one applicable at the date of the end of the financial year in question.
• have owned at least:
  1. 51 per cent of a business with turnover of less than AUD400 000 per annum, or
  2. 30 per cent of a business with turnover of more than AUD400 000 per annum, or
  3. 10 per cent of a publicly-listed company
• have an overall successful business career with no involvement in unacceptable business activities.
• have a genuine desire to own and maintain a management role in a business in Australia.
• score 65 on the points system
• have a genuine intention to live and do business in the nominating state for at least two years

The subclass 188 is a 5-year temporary visa that can be converted to Permanent Residency on a subclass 888 visa once you have owned an operated a business in Australia for 2 years and met the subclass 888 requirements. You will then eventually be able to apply for Australian citizenship.

At Australian Migration Specialists, and as Australian Registered Migration Agents (9803463), we are committed to ensuring that you are able to comply with all visa requirements before you make an application. This will allow you to successfully immigrate to Australia, live in Australia and do business in Australia.

If you leave your details below we will contact to discuss your options further, or you may want to complete our assessment form so that we have more information when we speak to you.

The Subclass 188 Investor Stream visa is for people who want to make a designated investment of at least AUD2.5 million in an Australian complying investment. Applicants must be nominated by a state or territory government.

you must

• be under 55 years of age, although a state or territory can waive this requirement if your proposed investment will be of exceptional economic benefit to the nominating state or territory
• score at least 65 on the points test
• have a high level of management skill in relation to the eligible investment or qualifying business activity
• have at least three years' experience of direct involvement in managing one or more qualifying businesses or eligible investments
• have an overall successful record of eligible investment or qualifying business activity
• have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured
• have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment.

The subclass 188 is a 5-year temporary visa that can be converted to Permanent Residency by way of the subclass 888 visa.

At Australian Migration Specialists, and as Australian Registered Migration Agents (9803463), we are committed to ensuring that you are able to comply with all visa requirements before you make an application. This will allow you to successfully immigrate to Australia, live in Australia, invest in Australia and do business in Australia.

If you leave your details below we will contact to discuss your options further, or you may want to complete our assessment form so that we have more information when we speak to you.

The Significant Investor stream is for people who are willing to invest at least AUD5 million into complying with significant investments in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government.

You, your partner, or you and your partner combined must have net assets of at least AUD5 million that are legally acquired, unencumbered, and available to be used to make the complying significant investment in Australia.

• You and your partner must not have been involved in unacceptable business or investment activities.

You must have a genuine and realistic commitment to

• reside in the state or territory whose government agency nominated you,
• continue your business and investment activity in Australia after the conclusion of your provisional visa,
• live in Australia for at least 40 days per year (calculated cumulatively) for the duration of your provisional visa, or your spouse to live for at least 180 days per year (calculated cumulatively) for the duration of your provisional visa.

Important: You might want to seek advice in relation to ensuring that an investment made for the purpose of this stream is a ‘complying significant investment’. It is your responsibility to ensure your investment options comply with the necessary framework.

The subclass 188 is a 5-year temporary visa that can be converted to Permanent Residency by way of the subclass 888 visa.

At Australian Migration Specialists, and as Australian Registered Migration Agents (9803463), we are committed to ensuring that you are able to comply with all visa requirements before you make an application. This will allow you to successfully immigrate to Australia, live in Australia, invest in Australia and do business in Australia.

If you leave your details below we will contact to discuss your options further, or you may want to complete our assessment form so that we have more information when we speak to you.

This visa is for applicants who already hold a substantive visa (one of the visas mentioned above) and would like to convert their temporary residency visa to a permanent residency visa.

You will need to have been operating a business in Australia for at least 2 years, and if you meet the requirements below you will be able to apply for permanent residency under the subclass 888 visa. You must have been in Australia and held your provisional visa for at least one year in the two years immediately before you apply.

In addition, you, your spouse, or you and your spouse together must:

• have had and continue to have a direct and continuous management role in a main business (or two main businesses) in Australia for at least two years immediately before you apply.
• have had a turnover, in that main business (or two main businesses), of at least AUD300 000 in the year immediately before you apply.
• own at least one of the following percentages of that main business (or two main businesses):
  • 51 per cent of a business with a turnover of less than AUD400 000 per annum, or
  • 30 per cent of a business with a turnover of more than AUD400 000 per annum, or
  • 10 per cent of a publicly-listed company.
• have obtained Australian Business Number (ABN ) for each of the relevant businesses.
• have submitted all relevant Business Activity Statements to the Australian Taxation Office.
• not have acquired the ownership in your main business (or two main businesses) from a person who was an applicant for, or a holder of, a permanent Business Innovation and Investment visa (subclass 888), unless you and that person had a joint interest in the main business for at least one year before you lodge your application for this visa.

You must also meet two of the following criteria:

• the net value of your assets in the main business (or two main businesses) in Australia is at least AUD200 000 throughout the year immediately before you apply.
• the net value of your personal and business assets in Australia has been at least AUD600 000 throughout the year immediately before you apply.
• you employed, in your main business (or two main businesses), throughout the year immediately before you apply, at least the equivalent of two full-time employees who are:
  • Australian citizens, or
  • Australian permanent residents, or
  • New Zealand passport holders, and
  • not your family members.

At Australian Migration Specialists, and as Australian Registered Migration Agents (9803463), we are committed to ensuring that you are able to comply with all visa requirements before you make a Australian Permanent Residency application and ultimately obtain Australian citizenship.

If you leave your details below we will contact to discuss your options further, or you may want to complete our assessment form so that we have more information when we speak to you.

• You must be the holder of a Business Innovation and Investment (Provisional) visa (subclass 188) and must have held this visa for at least 3 years.
• You can also apply if you are the secondary visa holder of a Business Innovation and Investment (Provisional) visa (subclass 188) and your spouse or de facto partner is the primary holder of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Investor stream. If your spouse or de facto partner who is the primary visa holder was invited to apply for their original Business Innovation and Investment (Provisional) visa (subclass 188)
• To be eligible for this visa you must have been physically present in Australia for at least 2 years in the 3 years immediately before you apply and be the holder of a Business Innovation and Investment (Provisional) visa (subclass 188) Investor stream as set out above.
• To be granted a Business Innovation and Investment (Permanent) visa (subclass 888), you (or you and your spouse or de facto partner combined) must for the whole period during which you held your Business Innovation and Investment (Provisional) visa (subclass 188), have held a ‘complying significant investment’ of AUD2.5 million. If you transfer funds from one investment to another, you are required to advise the Department of Home Affairs.
• You need to be able to demonstrate that you intend continuing with your business and/or investment activities in Australia after the permanent residency visa is granted.

At Australian Migration Specialists, and as Australian Registered Migration Agents (9803463), we are committed to ensuring that you are able to comply with all visa requirements before you make a Australian Permanent Residency application and ultimately obtain Australian citizenship.

If you leave your details below we will contact to discuss your options further, or you may want to complete our assessment form so that we have more information when we speak to you.

• To be granted a Business Innovation and Investment (Permanent) visa (subclass 888), you (the primary applicant) must have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream for a continuous period of 3 years. You need to have been physically present in Australia for 40 days in each of these years, or your spouse/partner needs to have been physically present in Australia for 180 days in each of these years.
• To be granted a Business Innovation and Investment (Permanent) visa (subclass 888), you (or you and your spouse or de facto partner combined) must for the whole period during which you held your Business Innovation and Investment (Provisional) visa (subclass 188), have held a ‘complying significant investment’ of AUD5 million.
• If you transfer funds from one investment to another, you are required to advise the Department of Home Affairs.
• You need to be able to demonstrate that you intend continuing with your business and/or investment activities in Australia after the permanent residency visa is granted

At Australian Migration Specialists, and as Australian Registered Migration Agents (9803463), we are committed to ensuring that you are able to comply with all visa requirements before you make a Australian Permanent Residency application and ultimately obtain Australian citizenship.

If you leave your details below we will contact to discuss your options further, or you may want to complete our assessment form so that we have more information when we speak to you.