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What is Visa 188A? About Visa 188A

  • Business Innovation and Investment (188 Visa) The 188A visa is only available to applicants who are nominated by an Australian State or Territory government and meet the points test for this visa. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system. This is a 4-year temporary visa, for people who want to own and manage a new or existing business in Australia. Once established an ownership interest in an Australian business, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. A 2-year extension is possible once the applicant has held the subclass 188 visa for 3 years, giving 6 years from the date of grant of the original Visa. The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia: · Must hold a Substantive Visa or a Bridging A, B or C visa.
  • General 188 Visa Requirements: · Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years; and · Net personal and business assets of at least AUD 800,000; and · Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit; and · Meet the pass mark in the Business innovation and investment Points test (currently 65 points) · Have an overall successful career in business Subclass 888 Visa Requirements: · The applicant has been in Australia on subclass 188A visa for at least 12 months, within the 2 years prior to lodgement · Owned and operated a business in Australia for at least 2 years prior to the application with annual turnover of at least $300,000 for the 2 of last 4 years · You and/or your partner must meet two of the following three criteria for the 12 months: Assets of at least 200,000 Net personal and business assets of at least $600,000 in Australia Employed at least two Australian full-time employees in your business in Australia
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Right

The whole family lives, studies, works and does business in Australia.

Children are free to attend grade 12 in public schools.

Freely travel between Vietnam and Australia.

Be granted permanent residence visa Australia 888A upon satisfactory.

Advantages Advantages of Visa 188A

owner

Enterprise ownership

biz

Can establish or acquire an existing business

invest

The investment is only from $ 200,000 AUD

bizness

Profitable from business

Conditions

Procedures