{"id":10008,"date":"2015-01-06T01:48:22","date_gmt":"2015-01-05T15:48:22","guid":{"rendered":"https:\/\/51oz.com.au\/188a888-business-innovation-and-investment-permanent-visa-business-innovation-stream\/"},"modified":"2015-01-06T01:48:22","modified_gmt":"2015-01-05T15:48:22","slug":"188a888-business-innovation-and-investment-permanent-visa-business-innovation-stream","status":"publish","type":"page","link":"https:\/\/51oz.com.au\/en\/188a888-business-innovation-and-investment-permanent-visa-business-innovation-stream\/","title":{"rendered":"188A+888 Business Innovation and Investment (Permanent) visa \u2013 Business Innovation stream"},"content":{"rendered":"

Innovative business immigration for investment immigration (temporary residence and transfer to permanent residence): 188A + 888:<\/strong><\/p>\n

1. 188A is suitable for groups of people :<\/strong><\/span>The audit requirements are relatively loose, the company’s turnover is emphasized, the investment amount is not high, and the investment method can be flexible. It is most suitable for domestic small and medium-sized business owners and large-scale business managers.<\/p>\n

2. Step 1: Apply for a four-year innovative business category (188A) — Overseas application (temporary visa) 188A application conditions<\/strong><\/span><\/p>\n

    \n
  1. Obtain an “Interest to Apply” invitation;<\/li>\n
  2. The main applicant is under the age of 55 or the state government exempts the age requirement;<\/li>\n
  3. Meet 65 points or above in the EOI scoring table;<\/li>\n
  4. Business net assets and personal net assets reach 800,000 Australian dollars;<\/li>\n
  5. If the applicant uses two or more companies as the background to apply, the main applicant and his\/her spouse must hold shares in the company for at least 2 years in the past 4 years and meet the following shareholding requirements:<\/li>\n<\/ol>\n

    1) If the company’s annual turnover is less than 400,000 Australian dollars, it must hold more than 51% of the company’s shares;<\/p>\n

    2) If the company’s annual turnover is greater than 400,000 Australian dollars, it must hold more than 30% of the company’s shares.<\/p>\n

    Note: Extended category (2 years, innovative business category can extend the visa once):<\/p>\n

    1) Prove that it is necessary to manage your own company in Australia.<\/p>\n

    2) Have shares in companies operating in Australia in the past 2 years;<\/p>\n

    Scoring criteria (passing score 65 points):<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    family assets<\/td>\n<\/td>\nAge<\/td>\n<\/td>\n<\/tr>\n
    AUD 800,000 or more in the past 2 years<\/td>\n5<\/td>\n18-24<\/td>\n20<\/td>\n<\/tr>\n
    AUD 1.3 million or more in the past 2 years<\/td>\n15<\/td>\n25-32<\/td>\n30<\/td>\n<\/tr>\n
    AUD 1.8 million or more in the past 2 years<\/td>\n25<\/td>\n33-39<\/td>\n25<\/td>\n<\/tr>\n
    AUD 2.25 million or more in the past 2 years<\/td>\n35<\/td>\n40-44<\/td>\n20<\/td>\n<\/tr>\n
    <\/td>\n<\/td>\n45-54<\/td>\n15<\/td>\n<\/tr>\n
    Business background (innovative business only)<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Owned shares in the company for 4 of the past 5 years<\/td>\n10<\/td>\nInvestment background (investment category only)<\/td>\n<\/td>\n<\/tr>\n
    7 years of work experience in the past 8 years<\/td>\n15<\/td>\nAUD 100,000 invested in the past 4 years<\/td>\n10<\/td>\n<\/tr>\n
    <\/td>\n<\/td>\nAUD 100,000 invested in the past 7 years<\/td>\n15<\/td>\n<\/tr>\n
    Company turnover (last 4 years)<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    More than 500,000 AUD\/year for 2 years<\/td>\n5<\/td>\nlanguage<\/td>\n<\/td>\n<\/tr>\n
    More than 1 million Australian dollars per year for 2 years<\/td>\n15<\/td>\nIELTS 5 points each<\/td>\n5<\/td>\n<\/tr>\n
    More than 1.5 million AUD\/year for 2 years<\/td>\n25<\/td>\nIELTS 7 points per subject<\/td>\n10<\/td>\n<\/tr>\n
    Over 2 million AUD\/year for 2 years<\/td>\n35<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    <\/td>\n<\/td>\nother scores<\/td>\n<\/td>\n<\/tr>\n
    academic qualifications<\/td>\n<\/td>\nMore than 1 year registered patent\/design<\/td>\n15<\/td>\n<\/tr>\n
    Australian Certificate\/College\/Bachelor<\/td>\n5<\/td>\nRegistered trademark for more than 1 year<\/td>\n10<\/td>\n<\/tr>\n
    Overseas Bachelor<\/td>\n5<\/td>\nFormal associate company for more than 1 year<\/td>\n5<\/td>\n<\/tr>\n
    Australian\/Overseas Bachelor (Business\/Science\/Technology)<\/td>\n10<\/td>\nExports accounted for 50% of sales in 2 out of 4 years<\/td>\n15<\/td>\n<\/tr>\n
    <\/td>\n<\/td>\nState government recognizes special contribution<\/td>\n10<\/td>\n<\/tr>\n
    The company has been established for no more than 5 years, and its sales have increased by more than 20% every year for 3 consecutive years, and at least 1 year has more than 10 employees<\/td>\n10<\/td>\nIn the past 4 years, the government has rewarded 10,000 Australian dollars (new company\/product marketing\/business development) or attracted sub-investments of more than 100,000 Australian dollars<\/td>\n10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
      \n
    • The age is subject to the invitation;<\/li>\n
    • If you want to calculate the English score, you must have an IELTS score when you submit your intended application, which is valid for 3 years.<\/li>\n
    • Family assets include those in the names of the main applicant and spouse, but not in the names of children.<\/li>\n
    • The patent\/trademark must be closely related to the daily business and can be in the name of the company or the main applicant.<\/li>\n<\/ul>\n

      3. Step 2: Apply for an innovative business category (888) — apply in Australia (permanent visa)<\/span><\/h2>\n
        \n
      1. The main applicant must be the main applicant for the 188 visa<\/li>\n
      2. 24 months before the application, lived in Australia for more than 12 months (depending on the soft assessment requirements of the Immigration Bureau)<\/li>\n
      3. Australian company’s sales of more than 300,000 Australian dollars in the second year<\/li>\n
      4. 12 months before submitting the application, satisfy 2 of the following 3 conditions:<\/li>\n<\/ol>\n
          \n
        • Assets in Australia of more than 600,000 Australian dollars;<\/li>\n
        • A minimum investment of A$200,000 in a business in Australia;<\/li>\n
        • 2 employees<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          Innovative business immigration for investment immigration (temporary residence and transfer to permanent residence): 188A + 888: 1. 188A is suitable for groups of people :The audit requirements are relatively loose, the company’s turnover is emphasized, the investment amount is not high, and the investment method can be flexible. It is most suitable for domestic small …<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/pages\/10008"}],"collection":[{"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/comments?post=10008"}],"version-history":[{"count":0,"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/pages\/10008\/revisions"}],"wp:attachment":[{"href":"https:\/\/51oz.com.au\/en\/wp-json\/wp\/v2\/media?parent=10008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}