General 188 Visa Requirements:
To obtain a 188 Business visa you must have ownership of a business with a minimum turnover of AUD 500, 000 for at least two of the last four financial years as well as have net personal and business assets of at least AUD 800, 000.
You will also need to meet the requirements of the Business Innovation and Investment Points test – a ‘pass’ mark is currently 65. Applicants are also required to be under the age of 55 however this can be bypassed if the nominating state or territory certifies that you will make an exceptional economic benefit.
Overall, you need to be able to prove a successful career in business.
Subclass 888 Visa Requirements:
If you wish to apply for permanent residence in Australia via the subclass 888 Business Innovation and Investment visa then you will need to be within Australia on a subclass 188A visa for at least 12 months within the 2 year period prior to lodgement. You’ll also need to have owned and operated an Australian business for at least 2 years prior to applying and the business needs to have had a minimum annual turnover of AUD 300, 000 for two out of the last four financial years.
Your business is also required to employ at least two Australian full-time employees in its Australian operations, and you should have a minimum combined total of AUD 600, 000 worth of net personal and business assets in Australia.
Apply for a 188 Business visa:
Business migration to Australia can be very complex – determining whether you qualify can be difficult and if you qualify for more than one migration category, it can be hard to figure out which option will suit your needs the best. AIS Immigration Solutions have an experienced team of migration agents who are familiar with the different requirements and application process for each variety of visa and who can help you select the best, fastest and most direct route available.
For more information, book a one-on-one Skype meeting today.