Australia Subclass 188A

Australia is not only a land of skilled migration but also a land of business opportunities. If you are a successful business owner or entrepreneur looking to invest and establish a business in Australia, the Subclass 188A – Business Innovation Stream visa could be your ideal pathway to temporary residence with an option for permanent residency.

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What is the Subclass 188A Visa?

The Subclass 188A visa is a temporary visa under Australia’s Business Innovation and Investment Program. It is designed for individuals with a proven track record in business ownership or management, who wish to own and manage a new or existing business in Australia.

This visa is valid for up to 5 years and offers a clear pathway to permanent residency through the Subclass 888A – Business Innovation Permanent Visa.

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Key Features of the 188A Visa

• Allows you to own, operate, or manage a business in Australia
• Includes family members (spouse and dependent children)
• Provides a pathway to permanent residency (Subclass 888A)
• Live, work, and study in Australia for up to 5 years
• Travel freely to and from Australia during the visa validity

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Eligibility Criteria

To be eligible for the 188A Business Innovation Stream, you must meet the following requirements:

1. Nomination by an Australian State or Territory

You must be nominated by a state or territory government in Australia before you can apply. Each state has its own business and investment requirements, so it’s essential to meet the specific criteria of the state you’re targeting.

2. Business Experience

You must have at least 3 years of ownership or management experience in a successful business. The business can be in trading, services, or manufacturing.

3. Business and Personal Assets

• You must have net business and personal assets of at least AUD 1.25 million, legally acquired and transferable to Australia within 2 years of the visa being granted.
• You must have had a business turnover of at least AUD 750,000 in at least 2 of the last 4 fiscal years before applying.

4. Points Test

You need to score at least 65 points on the Business Innovation and Investment Points Test. Points are awarded based on age, business experience, net assets, business turnover, English proficiency, and innovation.

5. Age

You must be under 55 years of age, although exceptions may apply if your business proposal is of exceptional economic benefit to the nominating state or territory.

6. Business Commitment

You must demonstrate a genuine intention to live in Australia and actively participate in your business operations.

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Pathway to Permanent Residency

After holding the 188A visa and successfully running your business for at least 2 years, you may be eligible to apply for the Subclass 888A permanent visa. This requires meeting certain business performance benchmarks, including minimum turnover and asset maintenance.

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Why Choose Ausiaid?

At Ausiaid, we provide expert guidance through the complex process of business migration. From preparing your business proposal, securing state nomination, to lodging your visa application, we support you every step of the way.

Start your business journey in Australia with confidence. Contact Ausiaid today for a consultation and take your first step toward business success and permanent residency in Australia.