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Australia - Business Innovation and Investment (Provisional)

Business Plan for Australia Business Innovation and Investment Visa

The Australia Entrepreneur Visa, also known as the Business Innovation and Investment (Provisional) visa (subclass 188), is designed for individuals who want to own and manage a business in Australia. Here’s an overview of its key aspects:


Eligibility Criteria

  1. Age: Applicants must be under 55 years old, although this may be waived for exceptional cases.
  2. Business Background: Applicants should have a successful business career and meet specific turnover requirements.
  3. Funding: A minimum amount of funding (usually around AUD 200,000) must be available to invest in the business.
  4. Business Plan: A comprehensive business plan outlining the proposed business in Australia is required.


Application Process

  1. Nomination: Applicants must first be nominated by a state or territory government or an eligible entity.
  2. Expression of Interest (EOI): Submit an EOI through the SkillSelect system, detailing your qualifications and business experience.
  3. Visa Application: After receiving an invitation to apply, submit the visa application with all required documentation.


Benefits

  • Live and work in Australia while establishing a business.
  • Pathway to permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888) after meeting certain conditions.
  • Access to Australia’s robust economy and business infrastructure.


Considerations

  • The business must meet specific performance metrics, including turnover and employment of Australian citizens or residents.
  • Compliance with Australian laws and regulations is mandatory.


Australia Business Innovation and Investment (Permanent) Visa (subclass 888), Singapore EntrePass, UAE Golden Visa, UK Innovator Founder Visa and UK Expansion Worker Visa Refusals


If your Australia Business Innovation and Investment (Permanent) Visa (subclass 888), Singapore EntrePass, UAE Golden Visa, UK Innovator Founder Visa or UK Expansion Worker Visa application has been refused, please contact us as your business plan may only need some minor amendments in order for it to be approved. With our excellent connections, we can help you to get back on the right tracks. 


Alternatively, we can assist you with any amendments and improvements to your previous business plan, otherwise it may be worth drafting a completely new document.     


We look forward to hearing about your business!  E-mail us at hello@visaplanwriters.com.

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