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Visa Eligibility Assessment

Take our Visa Eligibility Assessment so we can better help you and see if you have the appropriate prerequisites to apply for this type of visa.

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BUSINESS & INVESTOR VISAS

We have over 20 years’ experience in this field and an exceptional success rate. This process starts by gathering information and spending time with our clients to build a strong application so that we can achieve the right result for them.

The Business Innovation and Investment Program is a significant component of the Skilled Migration Program. All visa applications under the Business Innovation & Investment Program or Business Skills require careful preparation and planning. Given that source of funds is a particularly complex area there are benefits to discussing your case with one of our team. No matter how similar, each business migrant or investor has their own story, making each application unique.

The objective of the Business Innovation and Investment Program is to encourage entrepreneurs and investors to come to Australia to the benefit of the Australian economy.

There are 3 main subclasses and each comprises a number of “streams”:

01.  188  –  Provisional Residence

The 188 visa subclass is a provisional residence visa for just over 4 years initially. It is not permanent residence (PR) straight away. It is a two step process to permanent residence. Applicants must  meet certain criteria for their business, investment and time spent in Australia to qualify for Permanent Residence through the 888 subclass.

If applicants cannot meet English language requirements they can opt to pay a second visa application fee to the Department of Immigration (DIBP) except for 188E applicants. All applicants need to be nominated by a State or Territory Government in addition to the DIBP processing.

02.  888  –  Permanent Residence

Each stream of visa subclass 188 has its own stream in 888 and separate criteria to meet for eligibility to apply for Permanent Residency through visa subclass 888.

03.  132  –  Permanent Residence

This is a Permanent Residence (PR) visa grant right from the start. It is one step to PR and not two. There are two streams to visa subclass 132.

Criteria

BUSINESS & INVESTOR MIGRATION VISA ~ 188A - The Business & Innovation Stream

This is for people with a successful business background overseas and a realistic commitment to enter into business in Australia. Applicants need to have net assets of at least A$800,000 and their overseas business must have a sales turnover of at least A$500,000 in any two of the last four years to be able to apply. This is a points tested application where a number of criteria are considered. Applicants require a minimum of 65 points to be able to apply and must be under 55 years unless exceptional circumstances apply.

BUSINESS & INVESTOR MIGRATION VISA ~ 188B - The Investor Stream

This is for people with a successful business or investment background. You need to have net assets of at least A$2.25million. You have to invest A$1.5million into State Government Bonds for a minimum of 4 years. This is a points tested application where a number of criteria are considered. Applicants must be under 55 years unless exceptional circumstances apply and need a minimum of 65 points to be eligible to apply.

BUSINESS & INVESTOR MIGRATION VISA ~ 188C - The Significant Investor (SIV) Stream

This is for people who can invest A$5million into complying investments in Australia for a minimum of 4 years. Proving the source of your funds is a very important part of these applications. If you have the A$5million and can prove source of funds you are awarded 65 points.There is NO age limit of the Significant Investor Visa (SIV).

BUSINESS & INVESTOR MIGRATION VISA ~ 188D - The Premium Investor Stream

This is for people willing to invest A$15million into complying investments.

BUSINESS & INVESTOR MIGRATION VISA ~ 888A - Business Innovation

You will need to have owned and operated a business in Australia for at least two years and your business must meet certain criteria before you can apply for Permanent Residence. You will need to meet two of the following in the 12 months prior to applying:

01. Net business and personal assets in Australia of at least A$600,000
02. Net business assets of at least A$200,000; or
03. Two full time employees

In addition, the business must have a sales turnover of at least A$300,000 in the 12 months prior to applying. There is no age cut off at this point.

BUSINESS & INVESTOR MIGRATION VISA ~ 888B - Investor

Applicants need to keep their A$1.5million invested for four years and spend a minimum of two of those four years physically in Australia.

BUSINESS & INVESTOR MIGRATION VISA ~ 888C - Significant Investor Stream

You will need to have kept your A$5million investment in complying investments for four years and have spent a total of 160 days over the four years physically in Australia. This option offers real flexibility for our clients who have businesses overseas to attend to.

BUSINESS & INVESTOR MIGRATION VISA ~ 888D - Premium Investor Stream

You will need to have held your complying investment of A$15million for 12 months. You do not have to spend any time in Australia.

BUSINESS & INVESTOR MIGRATION VISA ~ 888E

You have to have held your 188E visa for at least four years before you can apply and have a successful record of entrepreneurial activities. Examples of these are employing Australians, selling your venture, receiving awards, or partnering with government.

BUSINESS & INVESTOR MIGRATION VISA ~ 132A - Significant Business History

Applicants need net business and personal assets of at least A$1.5million. Their business overseas must have a turnover of at least A$3million in two of the last four fiscal years. They must have net business assets of at least A$400,000. Applicants must be under 55 years of age.

BUSINESS & INVESTOR MIGRATION VISA ~ 132B - Venture Capital Entrepreneur Stream

Here you need to attract at least A$1million in Venture Capital funding for your Australian business idea. This is not a popular choice at the moment for applicants or the immigration authorities.

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Four Corners has been providing immigration assistance to businesses and individuals for over 20 years. Contact us to receive your comprehensive migration strategy today.

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