Australia Subclass 188A Business Innovation
Australia is a highly developed country as one of the world’s top 15 economies. The country provides its nationals with a high quality of life, economic freedom, and the protection of civil liberties and political rights.
The Business Innovation Stream — Individuals must pass a points test, have a successful business career with a business turnover and net assets at required amount. They must also obtain and maintain substantial ownership and management of an Australian business and meet the residency requirement.
Time To Residency
Visa Free Travel
7th In the world
At least 1 year in the state where the applicant is nominated
No Inheritance Tax
Program introduced in 2012
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Investment and Business Requirements:
To obtain an 188A visa, you need to meet the following investment requirements:
1. Personal and family assets under the couple shall not be less than AUD 1.25 million.
2. In two of the past four fiscal years, the annual turnover of the company has not been less than AUD 750,000.
3. In two of the past four fiscal years, the couple have owned no less than 30% of the company, or not less than 10% if it is a listed company.
4. Scoring 65 and higher in SkillSelect Expression of Interest (EOI) System.