188A Australian Business Immigration Innovation Category Visa (2021.7.1 New Deal)

In the new fiscal year of 2020-21, various states have successively released new state government guarantee policies for business investment immigration, and are open to accepting new applications; among them, 188A Business Innovation (Business Innovation) has always been the visa with the largest number of applications in the business immigration category. Today, Australian-Chinese immigration For everyone, we will analyze the 188A application conditions and scoring standards under the New Deal in detail.

The 188A business innovation visa is a five-year temporary residence visa under the Australian business innovation immigration category. If you hold the 188 visa for 3 years or more, you can convert to the 888 business innovation and investment permanent residence visa if you meet the relevant conditions.

188A visa advantages

1. Low capital requirements;

The minimum asset requirement for the 188A visa is only A$1.25 million, which is much less difficult than the A$5 million capital requirement for the 188C major investor.

2. Flexible investment methods and wide selection;

3. The audit standard is relatively loose;

4. One person applies, the whole family immigrates;

5. Children can enjoy Australian public free basic education.

188A visa is suitable for groups

Small and medium-sized business owners or senior managers who hold business shares with business skills and many years of successful business experience.

188A visa application requirements

The 188A Business Innovation category requires the following:

(1) The main applicant is under the age of 55, or the age requirement is exempted by the state government;

(2) The family net assets in the name of the main applicant and the spouse shall not be less than 1.25 million Australian dollars;

(3) In 2 of the past 4 fiscal years, own at least 30% of the company’s shares (10% if it is a listed company); the annual turnover of the company under the applicant’s name is not less than 750,000 Australian dollars (maximum 2 companies add);

(4) The main applicant should score at least 65 points in the Business Selection System (EOI);

(5) The English requirement is the basic English application level (Functional English) (equivalent to an average IELTS score of 4.5, or pay language training fees);

(6) Live in Australia for at least one year before transferring to permanent residence;

(7) Can apply for an extension of the visa for 2 years;

(8) Nominated by the state government.

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188A visa scoring criteria

188A visa application process

1. Free evaluation and consultation by the Australian-Chinese immigration expert team;

2. Sign a service agreement;

3. Prepare the required application materials;

4. Submit an EOI state sponsorship application;

5. Obtain state government guarantee;

6. Formally submit the application within 60 days;

7. Supplementary materials/interview (if any);

8. Physical examination;

9. Obtain 188A visa;

10. Landing in Australia!