About Business Innovation & Investment Visa (Visa 188A)

The provisional Business Innovation and Investment visa (Visa 188A) is part of the Australian government’s Business Innovation program to attract successful entrepreneurs & investors from around the world to immigrate and grow businesses in Australia.

  • Investor and family members (spouse and children under the age of 23 at the time the visa is issued) will be granted a Temporary Resident Visa (Visa 188A) for a period of more than 4 years (and can be extended for another 2 year)
  • While holding the 188A – Temporary Resident Visa, applicants need to meet the additional requirements for doing business in Australia before they can apply for the 888A – Permanent Resident Visa
  • The advantage of Visa 188A is that the assets and revenue conditions of businesses in Vietnam are easier to achieve than the other types of Visa

Visa 188A Benefits

  • Children under the age of 18 enjoy 12 years of compulsory education in Australia
  • You can buy a second-hand house in Australia
  • The sub-applicant can live in place of the main applicant
  • Low asset requirements, the overall asset requirement is 1,250,000 AUD

Visa 188A Requirements

  1. Primary applicant under 55 years old
  2. Have the successful experience of directly participating in the operation and managing the enterprise
  3. The personal net assets of the main applicant and spouse are not less than 1,250,000 AUD
  4. The company has a turnover of at least 750,000 AUD/year in 2 of the past 4 years
  5. The main applicant has a score of 65 points (Victorian needs to have positions in science, technology, engineering, mathematics and MBA majors, IELTS 5.0)
  6. Ownership of business shares: You together with your spouse must have at least
  • The equity is at least 51% or more – When the annual turnover is less than 400,000 AUD
  • The equity is at least 30% or more – When the annual turnover is greater than or equal to 400,000 AUD
  • At least 10% equity – If your business is a listed company

From Visa 188A To Visa 888A

Conditions for applicants

  1. The main applicant is the main applicant holding a 188A visa or his spouse;
  2. Obtain state and local government guarantees
  3. Business turnover and ownership, the applicant should meet the following requirements in the 12 months before application:
  • The applicant’s business turnover in Australia reaches 300,000 AUD
  • The applicant has been managing the company for more than 2 years
  1. The applicant and spouse must meet at least two of the following three conditions in the 12 months before the application:
  • Continue to have business net assets of more than 200,000 AUD
  • Continue to have total net assets of more than 600,000 AUD in the nominated state
  • Continue to hire 02 full-time employees (non-family members and Australian permanent residents or citizens)

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