The Entrepreneur Stream of the Business Innovation and Investment (Provisional) Visa (Subclass 188) lets eligible startup and early-stage entrepreneurs conduct entrepreneurial activities in Australia.
MORE ABOUT THE ENTREPRENEUR STREAM (SUBCLASS 188 VISA)
WHAT THIS VISA ALLOWS:
Business Innovation and Investment (Provisional) Visa holders under the Entrepreneur Stream can:
- Conduct entrepreneurial activities in Australia
- Live in Australia for up to five years
- Bring eligible family members to Australia
- Apply for a permanent Business Innovation and Investment (Permanent) Visa (Subclass 888), if eligible
THE REQUIREMENTS:
To apply for the Entrepreneur Stream of the Business Innovation and Investment (Provisional) Visa, candidates must:
- Be under the age of 55
- Be endorsed by a State or Territory government to develop their entrepreneurial concept
- Undertake, or propose to undertake, a complying entrepreneur activity in Australia
- Demonstrate their intended entrepreneurial activity with a business plan
- Have at least competent English
- Meet Australia’s health and character requirements
THE APPLICATION PROCESS:
The Entrepreneur Stream (Subclass 188 Visa) application process has six steps:
Any immigration should always start with an eligibility assessment to determine if the prospective migrant meets Australia’s visa requirements.
The next step in the process, if the migrant is eligible to be an entrepreneur in Australia, is completing an English test.
English tests are a way to prove your English language skills. Most English tests have four parts that test your reading, writing, listening, and speaking skills. Migrants most often use the IELTS, but other tests are also available.
The migrant will submit an Expression of Interest (EOI) with the English test completed. The EOI is how a migrant shows their interest in applying for a Subclass 188 visa.
EOIs include the following details:
- Personal information, for example, given names and surname, date of birth, countries of citizenship and/or residence
- Skills, qualifications and business experience
- Any information related to state or territory nomination
- English language proficiency
Your EOI would be visible to state and territory governments for nomination if you score at least 65 points. If you get a nomination, you'll get an invitation to apply for the Subclass 188 Visa.
Migrants whose EOIs are selected will get an Invitation to Apply. Invitations to Apply include the following information:
- The visa subclass under which the migrant is getting an invitation to apply
- The time frame within which the migrant must submit their visa application
- Any additional information the Department of Home Affairs wants, if applicable
The migrant prepares and completes their visa application with all necessary paperwork and submits their application. The migrant can apply from overseas or while in Australia.
The migrant gets the outcome of their visa. They can be in or outside Australia while Home Affairs decides on their application.
FREQUENTLY ASKED QUESTIONS
Start-up and early-stage entrepreneurs can immigrate to Australia using the Entrepreneur Stream of the Business Innovation and Investment (Provisional) Visa (Subclass 188). Established entrepreneurs can apply for the Business Innovation Stream.
The Entrepreneur Stream and the Business Innovation Stream of the Business Innovation and Investment (Provisional) Visa (Subclass 188) let eligible migrants start a business in Australia.
There are no investment requirements for the Entrepreneur Stream of the Business Innovation and Investment (Provisional) Visa (Subclass 188). The same is true for the Business Innovation Stream of the Subclass 188 visa.
Instead, a State or Territory government must endorse the applicant to develop their entrepreneurial concept for the Entrepreneur Stream or have a successful business career and net worth of at least AUD1.25 million for the Business Innovation Stream.
Subclass 188 Visa applicants can include immediate family members in their application. Candidates can also add dependent children to their application before Australia decides on their visa application.
The Subclass 188 visa is a provisional visa valid for up to 5 years. However, it is a pathway to permanent residence. Eligible candidates can apply for permanent residence through the Business Innovation and Investment (Permanent) Visa (Subclass 888).
Hamburg, Germany
Kallmorgenweg 1
Groß Flottbek
+49 (0) 40 896 987 13
Copyright © 2024 Intergate Emigration GmbH. All rights reserved. Disclaimer.