Welcome to Kingsbridge Australia!
Kingsbridge AustraliaKingsbridge AustraliaKingsbridge Australia
+618 9329 6890
Perth, Western Australia, 6000

Subclass 188A

Subclass 188A

Business Innovation and Investment (Provisional) visa (subclass 188)

Business Innovation stream

This provisional visa (4 years) that requires you to operate a new or existing business in Australia.

To be eligible:

  • Point Tested – You must score at least 65 points  (based on your age, English competency, qualification, total net assets, business or investment experience, etc).
  • You and/or your partner combined must have total net business and personal assets of at least AUD$800,000. Your funds must be available to transfer to Australia within 2 years from visa grant
  • Your current “Qualifying Business(es)” must, for 2 out of last 4 years, have:
    • Annual Business Turnover of at least AUD$500,000
    • Your ownership interest in the business must be at least:
      • 51%, of the total value of the business if the business has a turnover of less than AUD$400,000 per year
      • 30%, of the total value of the business  if the business has a turnover of AUD$400,000 or more per year, or
      • 10%, of the total value of the business if the business is operated by a publicly listed company.
  • If your business provides professional, technical or trade services, you must have spent less than half your time providing those services, rather than general management of the business.
  • Age limit of 55 y.o. (can be waived by State)
  • No minimum English requirement (but have to pay higher application fee)
  • You must be nominated by a State or Territory.

You may convert to a PERMANENT VISA if you have satisfied the requirements for Subclass 888A – Business Innovation stream.

Contact

  • Level 3, 12 St Georges Terrace, Perth, Western Australia, 6000
  • [email protected]
  • +618 9328 7525

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