Business Visa – Provisional

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Business Innovation and Investment (Provisional) (SC 188) Visa – Other Streams

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This visa allows business persons to own and manage a business, conduct investment or entrepreneurial activities in Australia.

  • Successful Business persons or investors from overseas able to meet requirements.
  • Provisional visa – can convert to Permanent residency on meeting stipulated terms and conditions over a period of 4 years
  • Require either State/Territory Government or Austrade Nomination

Five Streams of SC 188 Visa 

StreamsKey features/requirements
Business Innovation
  • Points Tested visa
  • Be under 55 years of age
  • Evidence of a successful business career
  • Meet personal and business asset threshold of at least AUD 800,000
  • Live and establish business in Australia meeting criteria.
  • Must be nominated by an Australian State or Territory
Investor
  • Points Tested visa
  • Be under 55 years of age
  • Have managed a business or investments of at least AUD 1.5 million 
  • Have legally acquired assets valued at AUD 2.25 Million
  • Invest at least A$ 1.5 million in Government designated investments.
  • Must be nominated by an Australian State or Territory
Significant Investor
  • No age limit or points Test, 
  • Invest at least A$ 5.0 million in Government designated investments
  • Minimum residency requirements.
Premium Investor
  • Only available to Nominees of Austrade.
  • No age limit or points Test,
  • Minimum designated investment of A$ 15 million
Entrepreneur
  • Be under 55 years of Age.
  • Targeted to attract cutting-edge innovative Entrepreneurial activities.
  • Holders to develop a complying Entrepreneur Activity in Australia. 
  • Be granted at least A$ 200,000 funding from a designated entity (AUS Govt or Research Orgn. ).
  • Must be nominated by an Australian State or Territory

Who could get this visa?

  • A business person or investor meeting the criteria and their dependent family members.
  • Applicant’s assets must be legally acquired, unencumbered and available to be transferred to Australia for business and/or investment purposes.
  • All family unit members must meet the health (medical) and character (Police clearances) requirement as prescribed.

What are the stages of this visa?

Stage 1Apply for a State/Territory government or Austrade Nomination
Stage 2Lodge an Expression of Interest (EOI) – on approval of Stage 1
Stage 3Lodge Provisional Visa application on receiving and an invitation from the EOI lodged in Stage-2
Stage 4Approval of a Provisional visa allows applicants and dependent family members to travel and reside in the nominating state. 
Stage 5Commence approved business or Invest the agreed amounts in designated investments as per approved streams and maintain it for 2-4 years to meet requirements.
Stage 6 Apply for Australian Permanent residency on having met the requirements of having successfully established and run business or maintained investment for specified periods.

Business and Investor visa applications have strict documentation and validation requirements and are complex in nature.

Please contact eMA by purchasing a MAP to discuss your specific business and investment profile and appropriate advice on the right visa for your needs.

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