188E (Entrepreneur visa)

Business and Investor Visas

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188 E (Entrepreneur visa)

 

This is a 4-year temporary visa, for entrepreneurs with innovative ideas and financial backing from a third party. After spending 2 years in Australia and being sponsored by a state or territory government to qualify for a permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.

The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia, he holds a Substantive Visa or a Bridging A, B or C visa.

General Requirements:

Nomination by a state or territory government
Competent English
Under 55 Years of age, unless a State or Territory Government nominates you as providing an “exceptional economic benefit” to the state or territory

Acceptable Business Activities:

The proposed venture would need to be either Commercialisation of a product or service in Australia or Development of an enterprise or business in Australia.
Certain activities which are not considered sufficiently innovative will be excluded