Mygration | Business Innovation Visa
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Business Innovation Visa

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Business Innovation Visa SC188 (A)

This visa is points tested with a pass mark of 65.

This visa is available for those with significant business skills and experience who wish to establish and manage a new or existing business in Australia.

Under the innovation points test, points are awarded to applicants for the following general attributes:

  • Age
  • English language ability
  • qualifications
  • experience in business or investment
  • net personal and business assets
  • business turnover – only for innovation stream
  • Innovation

The net business and personal assets financial threshold for this stream is $800 000.

Business innovation stream applicants must meet the annual business turnover requirement of AUD500 000 for at least two of the four fiscal years immediately before the time of invitation.

Applicants may include their partner (married or de facto) /theirs or their partner’s dependent children and other dependent relatives (parents) as secondary applicants in this visa subclass- special criteria applies.

If you have any questions about this visa’s criteria and conditions please contact a Mygration agent.

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BusinessInnovation188

Business Innovation Visa Permanent SC888 (A)

In order to get this visa you must have held a provisional Business Innovation visa (subclass 188A) and have met the requirements of that visa in the stream in which you first applied.

For clients who held SC188A the following applies:

  • Must be approved by State Nomination for permanent visa
  • Maintained ownership interest in 1 or more main businesses that was actively operating
  • Maintained business assets value
  • Maintained personal assets value
  • All assets must be lawfully acquired
  • Maintained Australian full time employees in specified period
  • Maintained annual turnover requirement
  • Maintain residence requirements

If you have any questions about this visa’s criteria and conditions please contact a Mygration agent.

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