The program is for shareholders of small and medium-sized enterprises to stay in Australia for up to 4 years.
Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Stream is one of subclass 188 visas, targeting the shareholders of small and medium-sized enterprises. This visa grants its holders the permission to stay in Australia for up to 4 years. Successful applicants should make a minimum investment of AUD 200,000 and operate a business for at least 2 years in Australia. If they manage to meet the business and residency requirements, they can apply for Australian Permanent Residence. Due to its easily-met requirements and low cost, this visa is favored by many SME owners.Eligibility Assessment Talk to expert
Australia Subclass 188 Business Innovation
1, The main applicant should be under the age of 55, accompanying children should be unmarried full-time students under the age of 21;
2, The net assets under the couple’s name and that of the family should be no less than AUD 800,000;
3, The company’s annual turnover should reach at least AUD 500,000 in at least 2 of the 4 fiscal years prior to the application;
4, The couple should hold at least 30% of company shares (10% if it is a listed company) in at least 2 of the 4 fiscal years;
5, A minimum score of 65 in EOI.
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