Overview of 188A Business Innovation temporary Visa
The 188 A Business Innovation temporary Visa is one of the three categories of Australian Business Immigration 188 visas. The Australian government hopes to attract truly innovative professionals and managers to Australia to do business and start businesses, to inject money into Australia and create jobs. Mainly for four types of applicants: corporate, shareholder, contractor, senior management. 188A visa is a four-year temporary visa. After approval, the applicant has to go to Australia for two years to do business and participate in day-to-day management work. After two years, he can be converted to 888 business innovation and investment permanent residence visa. Before applying for a 188A visa, the applicant must submit the EOI, and obtain a guarantee from the Australian state or territory government.
188A Business Innovation temporary Visa General requirements
- Received an invitation from EOI;
- Successful business or investment experience;
- Adequate personal and business assets;
- Nominated by a state or territory government;
- Establish a new enterprise or develop an existing enterprise in Australia;
188A Business Innovation temporary Visa Application conditions
- The principal applicant is under 55 years of age or under the state exemption age, and the accompanying child is under the age of 23 (children who are unable to live on their own due to physical or cognitive impairment may also travel over the age of 23, Note: children still need to meet Australia's health needs);
- Reach Innovation Points test 65, the specific score is shown in the following table;
- For at least two fiscal years in the past four fiscal years, the annual turnover of the company is at least 500000 Australian dollars (up to two combined);
- The husband and wife own any of the following businesses:
- For enterprises with annual turnover of less than four hundred thousand Australian dollars, the applicant must hold more than 51% of the shares;
- For enterprises with annual turnover of more than 400000 Australian dollars, the applicant must hold more than 30% of the shares;
- For listed companies, the applicant must hold 10% of the shares;
Have successful business management background, and participate in day-to-day management;
To prove the true intention of operating and managing an enterprise in Australia;
If your nominated business is the type of business that provides professional, technical or trading services to the outside world, you must spend no more than 50% of your time providing these services compared to the integrated management of your business;
(B) A minimum of A $800000 in net commercial and personal assets, which must be legal proceeds and may be legally transferred to Australia within two years of visa approval;
You and your spouse are not involved in illegal business or investment activities.
188A Business Innovation temporary Visa scorecard (this scorecard applies to 188A visas and 188B visas)
| 188 Visa breakdown | Description-immiknow | fraction |
| Age (subject to specific application) | 18-24-year-old (inclusive) | 20 |
| 25-32-year-old (inclusive) | 30 | |
| 33 / 39 years old (inclusive) | 25 | |
| 40 / 44 years old (inclusive) | 20 | |
| 45-54-year-old (inclusive) | 15 | |
| 55 years of age and ove | 0 | |
| English language competence | IELTS at least 4 5 points | 5 |
| IELTS at least 4 7 points | 10 | |
| Academic qualifications | A vocational education certificate, diploma or bachelor's degree issued by an Australian educational institution; or a bachelor's degree certified by an educational institution. | 5 |
| Bachelor's degree in business, science or technology from an Australian institution; or a bachelor's degree from an educational institution that meets the accreditation criteria. | 10 | |
| [经] special endorsement | The nominated state or territory authority determines that the business you plan is unique and has a special contribution to the state or territory in which the nominated government agency is located. | 10 |
| Financial assets (net commercial and personal assets owned by husband and wife for at least two years) | Eight hundred thousand Australian dollars | 5 |
| 1.3 million Australian dollars | 15 | |
| 1.8 million Australian dollars | 25 | |
| 2.25 million Australian dollars | 35 | |
| Turnover (annual turnover of at least two years in major business) | Five hundred thousand Australian dollars | 5 |
| 1 million Australian dollars | 15 | |
| 1.5 million Australian dollars | 25 | |
| 2 million Australian dollars | 35 | |
| Business experience (applicable to the 188A Business Innovation category only) | At least 4 years of business experience | 10 |
| At least 7 years of business experience | 15 | |
| Investment experience (188B investor category only) | At least 4 years of investment experience | 10 |
| At least 7 years of investment experience | 15 | |
| Business innovation qualification | Certificate of registration of patent or registered design | 15 |
| Certificate of registered trademark | 10 | |
| Formal certificate of joint venture agreement | 5 | |
| Export trade certificate | 15 | |
| Proof of owner's equity of gazelle enterprise (gazelle enterprise is a kind of general name of high-tech enterprise with high-tech enterprise that banks have good growth and leap-forward development trend). | 10 | |
| Receipt of grant or certificate of venture capital financing | 10 | |
| State or territory nomination | Nominative endorsement (restricted area) | 10 |
188A visa application cycle
- Overall cycle: 75% of applications take 15 months. 90% take 18 months.
After the expiration of the 188A visa, if you do not meet the criteria for permanent residence, you may apply for an extension of the visa (for a period of 2 years).
- At least 3 years in possession of a 188A visa;
- It must prove necessary to live in Australia to conduct major business;
- Must hold guarantees from state or territorial governments;
- Has a stake in business in Australia over the past two years;
- Promise you have been involved in the day-to-day management and decision-making of your business
188A Business Innovation temporary Visa to 888 Business Entrepreneurship and Investment permanent residence Visa method
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