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Business Innovation Visa (sub class 188A)

Business Innovation: This visa is for owners with essential business skills. Business owners who want to start a new business or wish to operate existing business in Australia. Applicants must normally be 55 or younger to qualify for this visa.

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Requirements for the Business Innovation Visa (Provisional Visa)

  • Be below 55 years of age –
  • Have:
    • An annual turnover of at least AUD 500,000 in your main business for 2 out of the last 4 years immediately before visa invitation
    • An ownership percentage in the following proportion:
      • 51% if the turnover is below AUD 400,000; or
      • 30% if the turnover is above AUD 400,000; or
      • 10% if the business is a publicly listed company
  • Have net assets of at least AUD 800,000 (can be joint with partner)
  • Obtain a nomination (sponsorship) by a State/Territorial Government
  • Obtain at least 65 points on the Business Innovation Points Test below

Important Notice

Embassy/Consulate reserves the right to ask for additional documents or personal appearance for an interview in special cases. Submission of the above-mentioned documents does not guarantee that a visa is granted, so It's recommended to get the professional visa consultation. Submission of incomplete documentation or refusal to appear for a special visa interview may result in the rejection of your visa application.

Although the information on this website has been prepared with utmost care. However, regulations and requirements are subject to change.

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