Business Innovation and Investment (Residence)

What are the general requirements for this visa?

The general requirements for the visa include:

• Genuine commitment to maintain your business interest and investment activities in Australia.
• You have complied with the visa conditions for the Business Innovation Stream-Subclass 188, Investor Stream-Subclass 188 or Significant Investor Stream-Subclass 188 visa.
• Be nominated by a state or territory government before applying for this visa.

What are the specific requirements for each stream of the visa?

1. Business Innovation Stream:

• The visa holder must have owned a business for the last 2 years
• The business has lodged it Australian Business Statements to the Australian Tax Office for the last 2 years
• The business turnover of at least $300K for the last 12 months. It should be noted that if the business is located in a regional area, there are exceptions to this requirements.
• Achieved 2 of the following 3 requirements in the last 12 months:
  • The business has recruited 2 full time employees, who are Australian Citizen or NZ citizen into the business.
  • Net assets of at least $600,000
  • The business has business assets of at least $200,000.

1. Investor Stream Steam

• The visa holder must have been in Australia for at least 2 of the last 4 years.
• The visa holder must have maintained the investment of $1,500,000 with an Australian State or Territory bonds for a continuous period of 4 years.

1. Significant Investor Stream

• The visa holder has been on the Significant Investors stream visa for a period of 160 days or 40 days per year while the visa was held.
• The visa holder must have held the $5,000,000 in the complying investments for 4 years.
• Held the Significant Investor Stream visa for at least 4 years.

What are the benefits for the visa?

• Allows the applicant of the visa to gain access to Australia’s health and education services
• Work and Study in Australia
• Apply for Australian citizenship.