188A Business Innovation Immigrant Visa
Asset requirements: at least A$800,000;

Processing time:6-9 months

200,000 Australian dollars to invest in the Australian business, start a business for 2 years to meet the living, operating conditions can be transferred to permanent resident.

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The Australian 188A Visa, a start-up immigration program launched by the Australian Government in 1981, was formerly 163A and has a history of 40 years, making it one of the longest-running and policy-sustainable immigration programs in the Commonwealth. 188A is mainly aimed at small and medium-sized shareholders. 188A is a four-year residence visa, the applicant is signed, the need to venture capital investment of 200,000 Australian dollars, and the start-up completed 2 years, while meeting the operating and living conditions can apply for permanent residence. 188A application threshold is low, immigration costs are low, so it is popular with small and medium-sized business owners.

Project Benefits

Main applicant
Under 55 years of age

Household net assets
Not less than A$800,000

Household net assets
Not less than A$800,000

EOI
Score : 65 points

Previous success
business experience

Application conditions

1, the main applicant age of 55 years or less, accompanying children under 20 years of age, unmarried and maintain full-time reading;
2, the husband and wife under the name of the individual and family net assets of not less than 800,000 Australian dollars;
3. In 2 of the last 4 fiscal years, the company's annual turnover is not less than A$500,000;
4. In 2 of the last 4 fiscal years, the husband and wife's shareholding ratio is not less than 30%;
5, the commercial selection system (EOI) score is not less than 65 points, Victoria state is not less than 80 points;

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Application conditions for transfer to permanent residence:

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As long as either of the spouses meets the requirements of start-up (residence), they can become the main applicant for the 888 permanent residence visa.

Transfer 888 Permanent Residence Visa Requirements

1, holding a 4-year residence visa period, to meet the requirements of 2 years of entrepreneurship;
2, 2 years before the application, the shareholding is not less than 30%;
3, the year before the application, the annual turnover of at least 300,000 Australian dollars, if the shareholding is less than 51%, the annual turnover of at least 400,000 Australian dollars;
4, During the 2 years of starting a business, live in the guaranteed state for at least 1 year (22 months in Victoria)
5, the following 3 conditions, to meet at least 2 conditions:
1) The net assets of the family under the name of the husband and wife amount to A$600,000;
2) Holding the company's net assets of 200,000 Australian dollars;
3) Hire 2 full-time local employees (Victoria must employ at least one person);

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