188A Business Innovation Visa Requirements:
Advantages of the plan: Low investment amount, lower asset requirements, no English language requirement.
Under 55 years of age.
Have direct involvement in the management and operation of a company.
The company must have achieved an annual turnover of at least AUD 750,000 for at least 2 of the past 4 years.
For unlisted companies, the applicant must hold at least 30% ownership; for listed companies, the applicant must hold at least 10% ownership.
The applicant and their spouse must have a net asset value of at least AUD 1.25 million.
Once the applicant’s company has been operating in Australia for 2 years or more and meets the specified turnover and other requirements, they can apply for permanent residency.
188B Business Investment Visa Requirements:
Plan advantages: No need to start a business, no English language requirement.
Under 55 years of age.
Have at least three years of experience in managing a business or making investments.
The applicant must have held at least 10% ownership in a business or made a qualified investment of at least AUD 2.5 million in the past five years.
The applicant and their spouse must have a net asset value of at least AUD 2.5 million.
Once the applicant has accumulated a total of 2 years or more of residency in Australia, continues to hold the designated AUD 2.5 million investment from the state government for 3 years, and has additional investments in Australia, they can apply for permanent residency.
188C Significant Investor Visa Requirements:
Plan advantages: No age limit, short residency requirement, no need to meet scoring requirements.
Invest AUD 5 million in designated investment products and hold for a continuous period of 3 years (new).
Invest AUD 1 million in venture capital funds or private equity funds for emerging or small-scale private enterprises.
Invest AUD 1.5 million in managed funds or listed investment companies for emerging companies listed on the Australian Securities Exchange.
Invest AUD 2.5 million in a balanced investment portfolio of managed funds or listed investment companies.
Once the applicant has accumulated a total of 120 days of residency in Australia or if the spouse resides in Australia for at least 180 days per year, and holds the designated AUD 5 million investment for at least 3 years, they can apply for permanent residency.
188E Entrepreneur Visa Requirements:
Plan advantages: No requirement for business background, no scoring requirement, no asset requirement.
Under 55 years of age.
Requires state government sponsorship.
Must meet English language requirement (minimum IELTS score of 6 in each band).
The applicant must be currently operating or planning to establish an innovative business in Australia.
Detailed business plan must be provided.
The applicant must hold at least 30% ownership in the new business.
Investor Visa Application Process
Provide initial consultation over the phone free of charge, assess the applicant’s background, and answer related questions.
Arrange for an in-person consultation to discuss the applicant’s situation, eligibility, and timeline.
Prepare relevant documents, including proof of no criminal record, document notarization, etc.
Prepare a business plan and financial reports.
Submit an Expression of Interest (EOI) form and apply for state government sponsorship.
Submit the visa application to the Australian Department of Home Affairs.
Attend an interview and undergo medical examinations.
Upon approval of the visa, travel to Australia and land in the country.