The Business Innovation Visa is a programme tailored to encourage international entrepreneurs who are wanting to move to Australia to be in business. The options they have under the Business Innovation Visa is:
The Business Innovation Visa SC188 (A) is a points tested visa and requires relevant documentation to support the application. Some of the key criteria include ability in the English language, prior experience in business and/or investment and the turnover of your previous or existing business. The financial threshold for the SC188 (A) is $800,000 and can be a combination of business and personal assets.
This Visa is particularly appealing to individuals who are wanting to bring their family over to Australia with options as secondary applicants. It also opens up the doors to be eligible for the Business Innovation Permanent Visa SC888 (A).