188B | REQUIREMENTS FOR THE BUSINESS INVESTMENT (PROVISIONAL) VISA

188 B eligibility requirements – Investment stream

  1. Be under the age of 55 yeas old when invited to apply (exemptions may be applicable)
  2. Have at least 65 points
  3. Lodged an Expression of Interest in which you have received an invitation to apply for
  4. Be nominated by an Australian State or Territory government
  5. Have at least 3 years of experience in managing one or more qualifying businesses or eligible investment
  6. Directly managed the following for at least 1 out of the last 5 fiscal years before you were invited to apply (can be combined with your partner):
    1. Own at least 10% of a qualifying business** or
    2. An eligible investment* of at least AUD$2.5 million
  7. Have total net business and personal assets of AUD$2.5 million that is available to be transferred to Australia within 2 years of visa grant

*Eligible investments include:

  1. Ownership interest in a business
  2. Cash on deposit
  3. Stocks of bonds
  4. Real estate
  5. Gold/bullion
  6. Loan to a business

**Qualifying Business

  1. An enterprise operated to make a profit through the provision of goods or services and is not operated primarily as a speculative or passive investment.

Updates:

As of July 2021, this visa stream is valid for up to 5 years with an available permanent residency pathway after 3 years and 11 months of continued investment activity in the nominating state or territory government.

Points Test

Criteria Threshold Points
Age 18 – 24 years old 20
25 – 32 years old 30
33 – 39 years old 25
40 – 44 years old 20
45 – 54 years old 15
55 years old and older 0
English Language Skills Vocational English 5
Proficient English 10
Educational Trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an educational institution of a recognised standard 5
Bachelor degree in business, science or technology by an Australian institution or educational institution of a recognised standard 10
Financial Assets (You and your partner’s Net business and personal assets preceding 2 fiscal years before the time of invitation) Not less than AUD$750,000 5
Not less than AUD$1.25 million 15
Not less than AUD$1.75 million 25
Not less than AUD$2.25 million 35
Business Turnover (2 out of the last 4 fiscal years) Not less than AUD$750,000 5
Not less than AUD$1.25 million 15
Not less than AUD$1.75 million 25
Not less than AUD$2.25 million 35
Investor Experience Not less than 4 years 10
Not less than 7 years 15
Business Innovation Patents or designed registered not less than 1 year before time of application 15
Trademarks registered not less than 1 year before time of application 10
Ownership in and day to day participation in the management of one or more main business operated under a formal joint venture agreement/s entered into not less than 1 year before time of application 5
Ownership interest in a main business(es) that derives no less than 50% of annual turnover from export trade 15
Ownership interest in a main buisness(es) not more that 5 years before:

  •  Had an average annualised growth in turnover that was greater than 20% per annum over 3 continuous fiscal years and
  • in at least one of the 3 fiscal years employed 10 or more employees for a total number of hours that was at least the total number of hours that would have been worked by 10 full-time employees
10
Ownership interest in a main business(es) that received:

  • A grant from a government body in your home country of at least AUD$10,000 for the purposes of early phase start up of a business, product commercialisation, business development or business expansion or
  • Venture capital funding of at least AUD100,000 not more than 4 years before the time of the invitation for the purposes of early phase start up of a business, product commercialisation, business development or business expansion
10
Special endorsement The nominating State or Territory government agency has determined that your proposed business is of unique and important benefit to the State or Territory where the nominating government agency is located 10

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