Business Innovation Stream – Subclass 188 (Provisional)

How This Visa Works?

TBC

Who Is Eligible For This Visa?

• Be nominated by a state or territory government before being invited to apply for this visa

• Your age must be under 55 or the nominating jurisdiction must provide their support to waive the age requirement;

• Meet the points tested pass mark, set at 65;

• Have an overall successful business career-provide evidence of your involvement in your main business decisions, management and responsibilities;

• Your business and personal assets have a net value of at least AUD800,000 which are available for the conduct or establishment of a business in Australia and are lawfully acquired and available for transfer to Australia within 2 years of the grant of your visa;

• Have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business;

• Have business turnover of AUD500,000 for at least 2 of the 4 fiscal years immediately before the application is made.