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The Australian 188A Entrepreneur Visa
The Australian 188A Entrepreneur Visa is an immigration program introduced by Australia in 1981. It was previously known as the 163A visa and has a history of 40 years. It is one of the long-standing immigration programs with good policy continuity among Commonwealth countries. The 188A visa is primarily aimed at shareholders. After submitting the application, applicants can obtain a one-time residency visa valid for up to 5 years and 3 months after approximately 1.5 years. They can then establish a business in Australia with a minimum initial investment of AUD 200,000. After running the business for 2 years and having the visa for 3 years, the applicant and their family can apply for permanent residency. It is currently one of the immigration programs with low costs and fast permanent residency acquisition among major countries. During the temporary residency period under the 188A visa, children can enjoy free public education in Australia.
The eligibility criteria for the Australian 188A Entrepreneur Visa
1. The primary applicant must be under 55 years of age, and accompanying children must be under 20 years of age, unmarried, and enrolled in full-time study
2. The personal and family net assets of the couple must be at least AUD 1.25 million
3. In two of the past four fiscal years, the annual turnover of the company must be at least AUD 750,000
4. In two of the past four fiscal years, the couple's shareholding must be at least 30% of the company's total shares, or 10% if it is a publicly listed company
5. The Expression of Interest (EOI) must score at least 65 points in the Business Innovation and Investment Program points test
The conditions for transitioning from the Australian 188A Entrepreneur Visa to permanent residency (subclass 888 visa)
1. Hold the 188A visa for a minimum of 5 years and satisfy the 2-year entrepreneurship requirement
2. Maintain a shareholding of at least 30% (or 10% for publicly listed companies) for at least 2 years prior to the application
3. Achieve an annual turnover of at least AUD 300,000 in the year before the application, or AUD 400,000 if the shareholding is less than 51%
4. Reside in the nominating state as a business owner for at least 1 year during the 2-year entrepreneurship period
5. Meet at least 2 of the following 3 conditions
(1) Family net assets of at least AUD 600,000
(2) Company net assets of at least AUD 200,000
(3) Employ at least 2 full-time Australian employees
6. Hold the Australian 188A visa for a minimum of 3 years
The process for the Australian 188A Entrepreneur Visa immigration
Sign Contract
Sign a contract with a migration agency or consultant to initiate the application process
Invitation Letter
Receive an invitation letter, which varies in timing for each state
Interview or Non-Interview
Depending on the circumstances, applicants may or may not need to attend an interview. In most cases, interviews are not required for 99% of global clients
Formal Approval
Receive a formal approval letter, which grants a visa validity period of 5 years and 3 months
Assessment and Positioning
Collect client information and collaborate with global copywriters, project managers, and lawyers to determine the client's specific application strategy
Submission of Full Documentation
After receiving the invitation letter, the migration agency prepares a complete set of documents, which are reviewed for accuracy before submission
Health Examination and Police Clearance
Applicants undergo a medical examination and provide a police clearance certificate to demonstrate a clean criminal record
State Nomination Submission
Once the application is confirmed to be accurate, the migration agency submits the client's state nomination application
Supplementary Document Request
Around 1-1.5 years after submission, the applicant may receive a request for additional documents to supplement the application
Pre-Approval Letter
Receive a pre-approval letter and complete the payment for English language training or provide the IELTS test results
Why choose Globevisa for Australian 188A entrepreneurial immigrants?
Perfect product line makes you worry-free
It has opened more than 200 projects covering venture capital immigration, technical immigration, passports, visa services, overseas education and overseas real estate, company registration, bank account opening, pension reunion and childbirth, identity renewal, etc., covering more than 40 countries and regions. With a complete vertical product line, tailor-made overseas plans for you.
The project development team makes you feel at ease
Globevisa International Project Development Center is composed of more than 100 people from more than 20 countries around the world, including professional business experts and investment experts. It always adheres to the law as the foundation, the principle of safety, effectiveness and risk-free, and the project safety as the benchmark. Efforts are made to ensure the security of customer assets and identity acquisition, so that customers can rest assured.
Online service allows you to communicate without worry
Globevisa provides customers with a VIP member center system, online query of project progress and cost details, which is convenient and fast. Independent research and development of IM customer communication APP, using advanced data encryption technology. Protect customer privacy throughout the process. Exclusive consultant one-on-one service, private conversation, encrypted group chat. Safety first, privacy first.
Good relationship allows you to submit worry-free
In order to enable customers to obtain immigration information in a more timely manner, Globevisa has maintained good relations with governments, embassies, overseas banks, funds, etc. for a long time. Our professionalism and credibility have been praised by many overseas governments. At the same time, government officials also Went to Global China many times to have one-on-one in-depth exchanges with our customers.