Business Innovation Stream (Provisional) Visa (subclass 188)

This provisional visa is for people with business skills. It enables the operation of a new or existing business in Australia.

Eligibility:

Score at least 65 on the points test
You must be nominated by an Australian State or Territory government agency
For 2 out of 4 fiscal years immediately before you receive and invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD$500,00 turnover in each of those 2 years
Provide proof of your business success (annual turnover, ownership stake)
You, your partner, or you and your partner together, have total net business and personal assets of at least AUD$800,000

Cost of visa:

Australian Government fee due when the visa is lodged AUD$6,270.00

Apply from:

You can be in or outside of Australia when you apply for the visa and when a decision is made.

Processing times:

Visa Go Australia fee to process the visa:

Total fee is £4,500.00 paid in 3 stages.

£1,500.00 Deposit
£1,500.00 Due on lodgement of State Sponsorship:
£1,500.00 Due on lodgement of EOI

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