1. Below 55 years of age – 
  2. Have:
    • An annual turnover of at least AUD 500,000 in your main business for 2 out of the last 4 years immediately before visa invitation
    • An ownership percentage in the following proportion:
      • 51% if the turnover is below AUD 400,000; or
      • 30% if the turnover is above AUD 400,000; or
      • 10% if the business is a publicly listed company
  3. Have net assets  at least AUD 800,000 (can be joint with partner)
  4. Obtain a nomination (sponsorship) by a State/Territorial Government
  5. Obtain at least 65 points on the Business Innovation Points Test below


Factor Description Points Awarded
Age 18 – 24 20
25 – 32 30
33 – 39 25
40 – 44 20
45 – 54 15
55 and older – Only if your business is of exceptional economic benefit 0
English Proficiency

(IELTS valid for 3 years)*

Vocational – IELTS 5 in each of the 4 components 5
Proficient – IELTS 7 in each of the 4 components 10
Educational Qualifications Australian trade certificate, Diploma or Bachelor degree 5
Australian Bachelor degree in Science, Business or Technology 10
Business Experience (188A only) At least 4 years 10
At least 7 years 15
Investment Experience (188B only) At least 4 years 10
At least 7 years 15
Net Business and Personal Assets AUD 800,000 5
AUD 1.3 million 15
AUD 1.8 million 25
AUD 2.25 million 35
Business Turnover AUD 500,000 5
AUD 1 million 15
AUD 1.5 million 25
AUD 2 million 35
Innovation Registered patents or designs 15
Evidence of trademark 10
Evidence of joint venture agreement 5
Evidence of export trade 15
Gazelle business 10
Evidence of receipt of grant or venture capital funding 10
State Nomination By a State or Territorial Government 10 ( investment of $200,000 – $500,000 ( depending on state)


Base Visa Application Charge

  • Primary Applicant: $5,375 ( approx)
  • Additional Applicant above 18 years of age: $2,685 ( approx)
  • Additional Applicant below 18 years of age: $1,220 ( approx)
  • Business plan: $2000(approx)

Health Examination

Per Applicant: $353

Police Check

Per Applicant: Depends on your country of residence/residences

*Please note that additional application fees need to be paid if primary and secondary applicant doesn’t have at least functional level English score.

Application Process



We will check that all eligibility requirements are met and you have sufficient evidence to support your claim


Expression of interest (EOI)

We will indicate your intention to apply for this visa and the state you want to go to


State Nomination

We will need to obtain a state nomination approval before we can lodge your visa application



Visa Application

We have 60 days to lodge the visa once we received the state nomination approval


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Processing Times

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Rate Of Migration

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If you need professional assistance from the best immigration lawyers in Melbourne, book a free consultation today with Flyworld Migration. Call us on 03 8783 8138 or submit an online enquiry. We will assign a solicitor to help you apply for a suitable visa so you can live out your dream of studying or working in Australia.

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