Business Visa – SC 188
Australia’s Business and Investor program aims to offer temporary and permanent residency options to individuals with notable business skills or substantial investment capabilities. These visas provide an advantageous avenue for high-net-worth individuals to obtain Australian visa.
These visas are applicable to a range of business people and are subject to nomination by an Australian State or Territory government agency.
- Business Innovation Stream
- Investment Visa
- Significant Investor Visa
- Premium Investor Visa
- Entrepreneur Visa
Business Innovation Stream
To be eligible for this visa, you must meet the following requirements:
- Be under 55 years of age when invited to apply, unless your business will bring exceptional economic benefits.
- Have a successful business career.
- Have no involvement in unacceptable activities.
- Demonstrate competent English language skills.
- Achieve a minimum score of 65 on the points test.
- Show that in two of the last four fiscal years preceding the invitation, you had an ownership stake in one or two businesses with a combined turnover of at least AUD $750,000 in each of those two years.
- Have personal and business assets totalling at least AUD $1,250,000, either individually or jointly with your partner.
Business Investor Stream
To be eligible for this visa, you must meet the following requirements:
- Be under 55 years of age at the time of invitation, unless the State or territory government agency determines your investment will bring exceptional economic benefits.
- Be in Australia at the time of application and decision, holding a substantive visa or a BVA, BVB, or BVC.
- Receive a nomination from an Australian State or territory government agency before being invited to apply.
- Have directly managed a qualifying business with a 10% ownership interest or made an eligible investment of at least AUD $2.5 million in at least one of the five fiscal years preceding the invitation.
- Possesses business and personal assets with a net value of at least AUD $2.5 million for the two fiscal years prior to the invitation.
- Score at least 65 points on the points test.
- After lodging the application, make a designated investment of at least AUD $2.5 million, distributed as follows:
- At least AUD $500,000 in venture capital and growth private equity funds that support start-ups and small private companies.
- At least AUD $750,000 in approved managed funds investing in emerging companies listed on the Australian Stock Exchange.
- A “balancing investment” of at least AUD $1.25 million in managed funds.
- Demonstrate at least functional English proficiency.
- Meet health and character requirements.
Significant Investor Stream
To be eligible for this visa, you must meet the following requirements:
- Be in or outside of Australia at the time of application, and if in Australia, hold a substantive visa, a BVA, a BVB, or a BVC.
- Receive a nomination from an Australian State or Territory government agency or Austrade before receiving an invitation to apply.
- Make a complying investment of AUD $5 million upon invitation, with a genuine intention to hold the investment for 4 years. This investment should include:
- AUD $1 million in venture capital and growth private equity funds that support start-ups and small private companies.
- AUD $2.5 million in approved managed funds.
- AUD $1.5 million in managed funds as a ‘balancing investment’.
- Demonstrate at least functional English proficiency.
- Meet health and character requirements.
Entrepreneur Stream
To be eligible for this visa, you must meet the following requirements:
- Obtain nomination from a State or Territory government agency prior to receiving an invitation to apply.
- Be 55 years of age or younger when invited to apply, unless the State or Territory government agency recognizes the exceptional economic benefits of your proposed entrepreneurial activity.
- Engage in or propose to engage in a complying entrepreneur activity in Australia.
- Conduct entrepreneurial activity in Australia that is linked to an innovative endeavour resulting in either the commercialization of a product or the establishment of an enterprise/franchise in Australia.
- Submit a business plan outlining your entrepreneurial activity.
- Demonstrate competent English language skills.
- Meet health and character requirements.
Here’s how we assist:
Obtaining a SC188 visa, including securing a successful state nomination, involves a complex application process. It is recommended to seek immigration representation from experienced law specialists who are well-versed in the requirements of the SC188 visa streams. Our immigration specialists have been assisting clients worldwide in obtaining their SC188 visas for themselves and their families. Also, we will work with you towards obtaining your Permanent Resident (PR) status if this is your end goal.
Need more information or have questions that your seeking answers for?
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