188a Visa -
Business Innovation & Investment

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• Be less than 55 years old
• You have at least 65 points on the Department points test for the Business Innovation & Investment visa.
• For at least 2 of the 4 fiscal years immediately before the application is made, you had a qualifying ownership interest 1 in up to 2 main businesses that had an annual turnover of at least $AUD500,000.
• Your (or your and your spouse’s combined) business and personal assets have a net value of at least $AUD800,000 which are available for the conduct or establishment of a business in Australia and are lawfully acquired and available for transfer to Australia within 2 years of the grant of a     State/Territory Sponsored Business Innovation & Investment (Provisional) visa.
• You have not engaged in a business where a provision of professional, technical or trade services took up more than 50% of your time.
• You have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business.
• You have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity.
• Neither you nor your spouse have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
• Provisional visa holders in the Business Innovation stream may be eligible to apply for an extension to their provisional visa for an additional 2 years if the extra time is needed to meet the criteria for the permanent visa, subclass 888.

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