The main purpose of Australia's 188A Business Innovation Visa is to attract foreign entrepreneurs with a business background who are willing to run businesses in Australia, so as to promote Australia's economic and industrial development and create employment opportunities.
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What are the project advantages of the 188A Business Innovation Visa?
- No English language requirements for applicants
- Only the company's turnover needs to be audited, the investment amount is not high, and the investment business form is more flexible
- You can bring your immediate family members who meet the requirements to apply for temporary residence and corresponding permanent residence visas
- Visa holders can travel freely to and from Australia
- During the visa period, children can attend Australian public primary and secondary schools for free
- The principal and secondary applicants of 188A and 888A can be interchanged.
- Short time to permanent residence
What are the application requirements for the 188A Business Innovation Visa?
- You have held a majority stake and participated in the day-to-day management of a business with an annual turnover of at least AUD 750,000 in at least 2 of the 4 financial years before you were invited
- Have experience in successfully managing a business, and the company must not have been in a loss-making state for 2 fiscal years
- Have personal and business net assets of at least AUD 1.25 million (can be calculated jointly by the main applicant and spouse)
- No rigid academic requirements
- EOI score of 65 points or above
- When submitting an application, the main applicant must be under 55 years old, and the accompanying children must be under 25 years old. Children over 18 years old must provide proof of full-time enrollment.
- No English requirement
What is the application process for the 188A Business Innovation Visa?
- Contract
- Submit an Expression of Interest (EOI) for business immigration
- Obtain state sponsorship
- Receive EOI invitation
- Complete asset audit and asset valuation reports
- Submit application materials
- Get interview or interview notice, supplementary materials
- Physical examination, payment of English contribution, no criminal record
- Visa approved
What are the main differences between the 188A Business Innovation Visa and other business visas?
The 188A Business Innovation Visa focuses on innovation and entrepreneurship, and is aimed at foreign entrepreneurs who do business, start businesses and make contributions in Australia. Compared with other business visas, it has relatively low requirements for English proficiency and investment amount.
What are the restrictions on the scope of business you can do in Australia after holding a 188A visa?
A: People holding a 188A visa can participate full-time in their main business, but they are not allowed to do other work unrelated to the business plan. They need to be in Australia to carry out business and participate in the management of the business.
Is English proficiency required for the 188A Business Innovation Visa?
Answer: The 188A visa does not require applicants to provide proof of English proficiency and is a business visa with relatively loose English proficiency requirements.
What are the stages to apply for a 188A visa?
A: The main stages of applying for a 188A visa include submitting an EOI (Expression of Interest for Business Immigration), obtaining state sponsorship, receiving an EOI invitation, completing an asset audit and asset assessment report, submitting application materials, participating in an interview, undergoing a medical examination and a criminal record check, and finally obtaining visa approval.
How long is the 188A Business Innovation Visa valid for?
A: The 188A visa is a 5-year temporary visa. After obtaining state sponsorship and visa, the applicant needs to do business in Australia for 2 years before converting to an 888 permanent visa.
Can I apply for a 188A visa with my family members?
A: Yes, the principal applicant holding a 188A visa can bring along eligible immediate family members, including spouse and children under the age of 25.
What are the conditions for converting a 188A visa to an 888 permanent residence visa?
A: In order to convert to a 888 permanent visa, the applicant needs to engage in business and participate in business management in Australia for 2 years and meet relevant business performance and asset requirements.
Is it necessary to submit a contribution in English for the 188A visa?
A: Yes, applicants holding a 188A visa are required to pay an English contribution fee when submitting their visa application.
Is there an age limit for the 188A Business Innovation Visa?
A: The principal applicant must be at least 18 years old and no older than 55 years old when submitting the application.
Is it possible to study in public primary and secondary schools in Australia for free?
A: Yes, children holding a 188A visa can attend Australian public primary and secondary schools for free during the validity period.
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