Entrepreneurship stream 188E
Only those who are nominated by an Australian State or Territory government are eligible for the 188E visa. The applicant must submit an Expression of Interest (EOI) using the SkillSelect system in order to be nominated.
For business owners with creative ideas and outside funding, this is a four-year temporary visa. A state or territory government must sponsor you for the Business Innovation & Investment (Residence) Subclass 888 visa after you have been in Australia for two years.
- To apply for this visa, the applicants may be in Australia or abroad.
- When a candidate is located in Australia:
- .must possess a bridging A, B, or C visa or a substantive visa.
Update:
- .upcoming business and investment visa changes for australian immigration in 2021
- .Conditions of States for Business Visas
- .Concessions for Business Visas under COVID-19 (SC188 and SC888)
188E Stream for Entrepreneurs
Requirements in general
- Pre-July 2021 requirements:
- government of a state or territory nominating
- proficient in English
- Unless a State or Territory Government nominates you as offering a “exceptional economic benefit” to the state or territory, you must be under 55 years old.
- The applicant must have a commitment for funding of at least $200,000 from one or more of the sources listed below:
- Governmental organizations
- Governments in states and territories
- Government-funded research institutions
- Investors who are formally recognized as Venture Capital Limited Partnerships or Early Stage Venture Capital Limited Partnerships
- We can help with the visa procedure if you obtain the cash from one of the aforementioned sources. We don’t help with the financing search.
Eligible commercial activities:
- The planned business endeavor must be one of the following:
- .the introduction of an item or service into the Australian market; or
- .the growth of a company or organization in Australia
- There will be exclusions for some activities that are deemed insufficiently creative. These are described in a statutory instrument and consist of:
- .purchase of a franchise or existing business
- .Property-related activities
- .Workforce hiring activities
Acceptable funding
- The applicant must have an agreement for at least $200,000 in finance from one or more of the following sources in order to be eligible for the Entrepreneur Visa.
- Governmental organizations
- Governments in states and territories
- Government-funded research institutions
- Investors who are formally recognized as Venture Capital Limited Partnerships or Early Stage Venture Capital Limited Partnerships
- .At least 10% of the money must be transferred under the financing agreement within a year of the activity’s start in Australia.
Be supported by a recognized entity if you were requested to apply on or after July 1, 2021.
- If you were requested to submit an application for this visa on or after July 1, 2021, your nominating State or Territory government agency must give its approval for you to pursue your business ideas.
- Territory of Australian Capital
- .South Australia, New
- .Arctic Territory
- .Queensland
- .Australia’s South
- .Tasmania
- .Victoria
- .Southwest Australia
- Book here to verify your eligibility.
Additional 188 Visa eligible paths:
A. Business innovation, first.
for entrepreneurs wishing to launch their companies in Australia
B. An investor
seeking investors ready to put down $1.5 million on Australian State or Territory bonds
C. Important Investor
for anyone prepared to invest $5 million in Australian investments that abide by the law
D. High-end Investor –
for those who have a sizeable financial portfolio and are prepared to put at least $15 million into compliant premium investments in Australia.
E. Businessperson –
for individuals to engage in a compliant entrepreneur activity who have a financial arrangement with a third party for at least AUD200 000.
Be aware that company migration may be quite complicated, and it can be hard to know whether you have a decent chance of qualifying. Additionally, you might be able to meet the requirements for a variety of company migration categories.