Subclass 188A – Business Innovation Stream
The Subclass 188A – Business Innovation Stream visa is tailored for experienced entrepreneurs and business owners who wish to establish or manage a business in Australia. This visa is designed for individuals with a proven track record in business management and innovation. It allows you to live and work in Australia on a temporary basis while you operate a business, with a clear pathway to permanent residency.
To qualify for this visa, applicants must demonstrate their ability to successfully manage a business in Australia, create jobs, and contribute to the Australian economy. The visa is an excellent opportunity for individuals looking to expand their business horizons internationally and make a long-term contribution to Australia’s business landscape.
Once your business meets the specific criteria and demonstrates growth and success, you may transition to permanent residency under the Subclass 888 visa. This stream is ideal for those with a history of successful business management who are committed to establishing and growing their businesses in Australia.
What You Can Do with a Subclass 188A – Business Innovation Stream visa
The Subclass 188A – Business Innovation Stream visa provides entrepreneurs and business owners with the opportunity to live and work in Australia while managing or establishing a business. The visa allows for a temporary stay with the potential for permanent residency if the business meets the requirements. Here’s a closer look at what you can do with this visa:
Live and work in Australia for up to 5 years
The visa allows you to live and work in Australia for a maximum of 5 years. This period offers you sufficient time to grow your business and integrate into the Australian market. During this time, you can explore business opportunities, make strategic decisions, and establish connections with local industries.
Establish or manage a business in Australia
With the Subclass 188A visa, you are empowered to set up a new business or manage an existing business. To qualify, your business must meet specific criteria, including a minimum turnover of AUD 500,000 annually. Whether you are starting from scratch or expanding an existing operation, the visa supports your entrepreneurial ambitions.
Bring eligible family members (partner &dependent children)
This visa allows you to bring your immediate family—your spouse/partner and dependent children—along with you to Australia. Your family members will be granted the same visa rights, including the ability to work, study, and enjoy the benefits of Australian life while you focus on your business success.
Apply for permanent residency via the Subclass 888 visa
After meeting the conditions of the Subclass 188A visa, including the successful establishment or operation of your business, you become eligible to apply for permanent residency through the Subclass 888 visa. This transition is contingent upon factors such as business success, turnover, and contributions to the Australian economy, making it an attractive pathway for entrepreneurs seeking long-term stability in Australia.
Who Is Eligible for the Subclass 188A – Business Innovation Stream visa?
The Subclass 188A – Business Innovation Stream visa is designed for individuals who have a successful business background and wish to establish or manage a business in Australia. To be eligible for this visa, applicants must meet certain business, financial, and personal requirements. Below is an overview of the key eligibility criteria that need to be fulfilled in order to apply for this visa:
| Eligibility Requirement | Details |
|---|---|
| Minimum Annual Turnover | Your business must have a minimum turnover of AUD 500,000 per year (if applying as a business owner). |
| Business Ownership or Experience | Must have at least 2 years of experience in managing or owning a business. |
| Nomination by State or Territory | You must be nominated by a State or Territory government. |
| Age Requirement | Must be under 55 years of age, unless your business offers exceptional economic benefits. |
| Health and Character Requirements | Must meet Australian health and character requirements. |
Steps to Apply for the Subclass 188A – Business Innovation Stream
The Subclass 188A – Business Innovation Stream visa is designed for business owners and entrepreneurs who wish to establish or manage a business in Australia. This visa provides a pathway to permanent residency, provided you meet certain requirements and successfully run your business.
Prepare Your Business Plan
Ensure that your business plan meets the minimum turnover requirement of AUD 500,000 per year. Your plan should outline your business goals and how your venture will contribute to the Australian economy.
Secure State or Territory Nomination
Apply to a State or Territory government for nomination. They will assess your business background and the potential benefits of your business to their economy.
Submit an Expression of Interest (EOI)
Lodge an EOI through SkillSelect to express your interest in applying for the visa. This step is necessary before receiving an invitation to apply.
Apply for the Visa
Once invited to apply, complete your visa application online, providing the required documents such as your business plan, proof of turnover, and personal details.
Wait for a Decision
The Department of Home Affairs will process your application. Processing typically takes 3 to 6 months, depending on the complexity of your case.
Need help with the process? Reach out to our Registered Migration Agents at info@openpathways.com or fill in the online enquiry form for a free eligibility check.
Visa Application Fees
| Applicant Type | Cost (AUD) |
|---|---|
| Primary Applicant | $9,795 |
| Additional Adults | $4,895 |
| Additional Children | $2,445 |
Processing Time
The processing time for the Subclass 188A – Business Innovation Stream visa generally ranges from 3 to 6 months. However, this can vary depending on several factors such as the complexity of your application, the completeness of your submitted documents, and the time it takes to receive required state or territory government nominations.
Delays in document verification or additional information requests could extend processing times. It is advisable to ensure all supporting documentation is accurate and complete to help expedite the process.
Frequently Asked Questions
Can I bring my family with me on this visa?
Yes, the Subclass 188A visa allows you to include your partner and dependent children in your application. They will have the same rights as you, including the ability to live, work, and study in Australia.
What is the minimum turnover requirement?
To qualify for the Subclass 188A visa, your business must have a minimum turnover of AUD 500,000 per year. This demonstrates the business’s potential for economic contribution to the Australian economy.
Can I apply for permanent residency?
Yes, the Subclass 188A visa offers a pathway to permanent residency. After successfully managing or operating your business and meeting the conditions of the visa, you can apply for permanent residency under the Subclass 888 visa.
Do I need prior business experience to apply?
Yes, applicants must have at least 2 years of business ownership or management experience. This ensures that you have the necessary skills to establish or manage a business in Australia effectively.
Can I own multiple businesses under this visa?
Yes, you can own and manage multiple businesses in Australia, as long as each business meets the visa requirements, including turnover and success. However, each business must be a genuine, profitable enterprise contributing to the Australian economy.
Is there any age limit for this visa?
Yes, you must be under 55 years of age when applying for this visa unless your business has exceptional economic benefits that may qualify you for an exemption.
Can I apply for this visa if I am not currently running a business?
Yes, you can apply for the Subclass 188A visa if you are intending to establish a business in Australia. Your experience in business management or ownership can still qualify you to create a new business in the country.
Ready to Start Your Business in Australia?
If you’re ready to take your business to Australia, let Open Pathways guide you through the application process.
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