Since September 10, 2016, the Australian Immigration Service has added a new 188 E category to the existing 188 visa series, the entrepreneurs temporary Visa (Entrepreneur Stream). The visa is a sub-category of 188 visas that need to be applied through the SkillSelect scoring system and are nominated by state or territorial governments. Entrepreneurs need to achieve IELTS 4, 6 points in English and receive A $ two hundred thousand from Australian third-party organizations to conduct business activities in Australia, meeting certain conditions, such as turnover, and hiring local staff. Get strong financial support, and so on, after 4 years can be converted to permanent residence.
188 overall requirements for business innovation and investment visas
- Nominated by a state or territory government;
- Received an invitation from EOI;
- The applicant and all family members meet health and conduct requirements;
- Meet the additional application conditions for each 188 category;
188 E conditions for applying for temporary visas for entrepreneurs
- The principal applicant is under 55 years of age or under the age requirement of the state government and is accompanied by a child under 25 years of age;
- Before being invited to submit a visa to achieve IELTS 4 6 points or the same level of English;
- The principal applicant is operating or establishing a compliant start-up in Australia with a genuine intention to continue business;
- Note: compliant entrepreneurial activities must have innovative ideas to commercialize Australian products or services or drive Australian business or business development. Conformable entrepreneurial activities cannot be of the following types:
- Residential real estate industry
- Labor rental related industries
- To buy an off-the-shelf business or join.
Compliant entrepreneurial activities must meet all of the following conditions:
- Obtain an investment of not less than two hundred thousand Australian dollars from one or more of the following third-party institutions;
- Federal government agencies;
- A state or territory government;
- Publicly funded research institutions;
- Venture Capital Investor (VCLP or ESVCLP);)
- Designated institutions of higher education
Within 12 months of the start-up, at least 10% of the money went to start-ups;
The principal applicant holds at least 30% of the shares in the start-up company;
Provide a business plan setting out how the applicant's innovative ideas can commercialize Australian products or services, or drive Australian businesses or businesses.
188 E process of temporary visa application for entrepreneurs
- The online submission EOI (SkillSelect screening system will be available in November, and if you are nominated by a state or territory government, there will be an email telling you how to apply for a visa).
- Application for state government guarantees;
- (B) obtaining state government guarantees;
- Received an invitation from EOI;
- Submit visa application within 60 days;
- Medical examination, payment of language training fees;
- Four-year 188 E visa;
- Business conditions are met;
- Apply for a permanent residence visa;
- Get PR Green Card
Methods of application for state guarantees
- 188 E Visa VIC Victorian guarantee Scheme
- 188 E Visa WA Western Australia guarantee Scheme
188 E interim visa application cycle for entrepreneurs
- As a result of the creation of a new visa, the number of applications is small, the specific time is uncertain.
188 E conditions for transfer of temporary visas to permanent residence for entrepreneurs
- Immigration does not give specific conditions for permanent residence, the focus is mainly reflected in the success of four years later can be converted to permanent residence. The success of the start-up requires consideration of the turnover, number of employees, large financing capacity, etc.
