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:
- English language ability
- experience in business or investment
- net personal and business assets
- business turnover – only for innovation stream
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.