188 A & B Points test (Business Innovation)
Points will be available depending on which age bracket the applicant falls within. Once the applicant is 55, no points will be available for age and state or territory governments must apply for a waiver of the age limit for people aged over 55.
|20||Between 18 and 24|
|30||Between 25 and 32|
|25||Between 33 and 39|
|20||Between 40 and 44|
|15||Between 45 and 54|
|0||55 and over|
English Language Ability
There is no minimum English language requirement for the new business migration subclasses. However, applicants with less than functional English will need to pay an English Language Charge before receiving their visas.
Points are available for:
- Vocational English (5 minimum in each of the 4 components of IELTS): 5 points
- Proficient English (7 minimum in each of the 4 components of IELTS): 10 points
People with trade qualifications, diplomas or bachelor degrees will receive 5 points. Qualifications must either be awarded by an Australian institution or recognised overseas institution.
10 points are available if the qualification is in business, science or technology.
Experience in Business or Investment
Points are available for experience relevant to the stream being applied for – ie for the business innovation stream, work experience as a business owner would be considered relevant.
Points available for business owners (188A) are as follows:
|Points||Owned a business for at least:|
|10||4 of the last 5 years prior to invitation|
|15||7 of the last 8 years prior to invitation|
Points are available for investors (188B) who have held eligible investments of at least AUD 250,000 prior to being invited and these are as follows:
|Investor stream only
|If you are invited to apply for the visa on or after 1 July 2021, immediately before the time of invitation to apply for the visa you held eligible investments of at least AUD250,000 held for:|
|Not less than 4 years||10|
|Not less than 7 years||15|
Net Personal Assets
Points will be available for net personal assets held for the last 2 financial years:
|Financial assets||Net business and personal assets of you, your partner or you and your partner combined in each of the preceding 2 fiscal years immediately before the time of invitation of at least:|
|Not less than AUD1,250,000||5|
|Not less than AUD1,750,000||15|
|Not less than AUD2,250,000||25|
|Not less than AUD2,750,000||35|
Points will be awarded for turnover in a business owned by the applicant. The turnover threshold must be met for 2 of the last 4 years prior to application:
|Business turnover||If you are invited to apply for the visa on or after 1 July 2021, you had an ownership interest in one or more main businesses that had an annual turnover in at least 2 of the 4 fiscal years immediately before the time of invitation to apply for the visa:|
|Not less than AUD750,000||5|
|Not less than AUD1,250,000||15|
|Not less than AUD1.,750,000||25|
|Not less than AUD2,250,000||35|
Points can be awarded in a number of items under this factor, for instance:
|Business innovation qualifications
|Patents or designs registered not less than 1 year before that time and used in the day to day activities of the main business||15|
|Trademarks registered not less than 1 year before that time and used in the day to day activities of the main business||10|
|An 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 no less than 1 year before the time||5|
|An ownership interest in a main business/s that derives no less than 50% of its annual turnover from export trade||15|
|An ownership interest in a main buisness/s not more that 5 years before :
An ownership interest in a main business/s that received :
Special Endorsement by State/Territory Government
State and Territory Governments can support applicants by indicating that they proposed business is of unique and important benefit to the state or territory. This results in 10 points for the visa applicant.
Other 188 Visa eligibility streams:
Note that business migration can be extremely complex, and even determining whether you have a good chance of qualifying can be difficult. In addition, you may be able to qualify in a number of different business migration categories.