Australian 888E Visa-Entrepreneur Permanent Residence Visa

Australian Entrepreneur Immigration is an important policy to attract international entrepreneurs. Successful application for this type of visa requires meeting a series of innovative and successful entrepreneurial standards, including employing local Australian employees, patent applications, turnover and other factors.

Australian 888E visaSuccess Requirements

To successfully apply for Australian entrepreneur immigration, you need to meet the following 2-3 conditions:

1. Employ at least two Australian employees.
2. Submit a patent application or obtain a standard or innovation patent.
3. The company has a turnover of more than AUD 300,000.
4. Received second round of venture capital.
5. Established partnerships with universities.
6. The company was successfully acquired with a transaction value of more than AUD 2 million.
7. Get corporate sponsorship.
8. Supported by a state or territory government.

Australian 888E visaApplication Process

1. Submit an application for state sponsorship.
2. Submit your visa application.

Australian 888E visaResidency Requirements

The principal applicant must have lived in Australia for at least 2 years before being granted permanent residency.

Australian 888E visaSuccessful Entrepreneurship Experience

The immigration department will examine the success of the business based on the entrepreneurial experience of the principal applicant. The principal applicant needs to prove at least one of the following:

1. 2 key success factors.
2. 1 critical success factor and 3 supporting success factors.

Australian 888E visaKey success factors include

• Employ 2 or more Australians, permanent residents or other eligible persons.
• Have an annual turnover of at least AUD 300,000.
• Apply for a provisional patent or obtain a standard patent or innovation patent.
• Obtaining continued funding or investment in entrepreneurial activities.
• Build partnerships with universities.
• Sold a startup for A$2 million.

Australian 888E visaSupporting success factors include

• Your entrepreneurial activities are applicable to other business areas.
• A statement of success from a state or territory government nominee.
• Accept sponsorship from the business community.
• Started at least 1 other business or participated in at least 2 other businesses.
• Receive formal awards or recognition.
• Raise or donate social funds.
• Commitment to continue operating or investing.

Australian 888E visaFrequently asked questions

After the company is acquired, is it feasible for the transaction amount to be less than A$2 million?

Yes, while $2 million is the standard, it may still be considered if other success factors are significant.

What is the difference between applying for a patent and obtaining a standard patent?

Applying for a patent is a request to the patent office to protect an innovation, while obtaining a standard patent is the successful acquisition of patent rights.

If a startup does not obtain a second round of venture capital, will it affect the visa application?

Yes, although it is not a hard requirement, a second venture capital investment can prove the sustainability of the startup.

How to prove the partnership with the university?

A contract, cooperation agreement or other relevant documentation may be required to demonstrate cooperation with the university.

What are the requirements for applying for corporate sponsorship?

Corporate sponsorship may need to be achieved through the employment of Australian personnel or other compliant means to ensure business development in Australia.

How to calculate the turnover of a startup company?

Turnover usually refers to a company's total revenue over a certain period of time, including sales, service fees, etc.

What does it mean to successfully obtain support from a state/territory government?

Obtaining state/territory support can add points and make your visa application more competitive.

If entrepreneurial activity involves philanthropy, can it be counted as a supportive success factor?

Yes, raising or donating social funds can be considered a supporting success factor.

Why partner with a university?

Establishing partnerships with universities can promote technological innovation, provide professional knowledge support, and have a positive impact on entrepreneurial activities.

Why commit to continue operating or investing?

Committing to continue your business or investment demonstrates your long-term commitment to Australia, which is in line with the Immigration Department's expectations of migrants.

Australia's Entrepreneur Immigration provides an opportunity to attract entrepreneurs from all over the world. By meeting a series of success requirements, you can pursue your dreams in this innovative country. Through innovative vision, we can work together to create a better future.

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