This is a four year provisional visa for business people with business skills and experience who want to establish, develop and manage a new or existing business in Victoria-Australia. If you want this visa and establish business in Victoria, must be nominated by the state government.
Take the opportunity to learn more about this Visa Category through the following sections:
Following Sections provide the opportunity to explore more about Victorian State Nomination
You and your partner must have had no involvement in unacceptable business or investment activities.
English Language is not a mandatory requirement. Visa can be granted without IELTS etc.
Applicants with age above 18 years, need to demonstrate functional language ability (IELTS 4.5 overall or equivalent). If they are unable to provide this score, they can simply make payment for language classes in Australia and can get visa. So Language test is not mandatory.
Score at least 65 Points (Pass Marks) on the points test table below.
|55 and older||0|
|English Language Ability||Vocational English||05|
|Australian trade certificate, diploma or bachelor degree by an Australian education institute; or|
a bachelor qualification recognised by an education institution of a recognized standard
|Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognized standard||10|
|Special Endorsement||The nominating state or territory government agency could decide that your proposed business is of unique and important benefit to the state or territory where the nominating government agency is located||10|
|Net business and personal assets of you, your partner or you and your partner combined in each of the preceding two years of at least:|
|Annual turnover in your main business during a period of at least two years of the preceding four fiscal years of at least:|
Business Innovation stream only
|You have held one or more businesses before you were invited to apply for the visa for:|
|Not less than four years within the preceding five years||10|
|Not less than seven years within the preceding eight years||15|
|At least four years before the time of invitation to apply for the visa||10|
|At least seven years before the time of invitation to apply for the visa||15|
Business Innovation Qualifications
At the time of invitation to apply for the visa:
|Evidence of registered patents or registered designs||15|
|Evidence of registered trademarks||10|
|Evidence of formal joint venture agreements||5|
|Evidence of export trade||15|
|Evidence of ownership interest in a gazelle business||10|
|Evidence of receipt of grants or venture capital funding||10|
|State or Territory Nomination||Special endorsement (limited places)||10|
You need to submit a business plan to indicate your intentions to establish and maintain your business in Australia. You need to describe your proposed business activities in Australia and indicating how they will benefit Victoria-Australia economically
We guide, assist and provide quality services to our clients for Preparation of Business Plan
The business idea section of the Business Establishment Plan must:
Applicants must propose to engage in eligible business activity. An eligible business can be almost any commercial endeavor. However, some business types are not accepted for grant of this visa. Examples of such businesses are:
Prior to visa application lodgment, exploratory visit is not required for this Visa
Applicants are considered ineligible if they:
Applicant does not need to transfer any amount before Visa Grant.
After having visa granted and moved to Victoria-Australia, the applicant need to transfer not less than AUD 600,000 for both business establishment and settlement.
No Age Relaxation, Applicant must be upto 55 years of age
This Visa (SubClass 188 – Business Innovation Stream) provides you Pathway for Permanent Residence. After grant of Visa, you need to:
To be eligible to apply for Australian Citizenship, the applicant must:
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