188E Entrepreneur stream
This 188E visa is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system.
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:
- Must hold a Substantive Visa or a Bridging A, B or C visa.
188E Entrepreneur Stream
|General Requirements:||Pre July 2021 critieria:
The applicant will need to have an agreement for at least $200,000 in funding from one or more of the following sources:
Once you have the funding from any of the above we can assist with the visa process. We do not assist in finding the funding.
|Acceptable Business Activities:||The proposed venture would need to be either:
Certain activities which are not considered sufficiently innovative will be excluded. This are defined by legislative instrument and include:
|Eligible funding||To apply for the Entrepreneur Visa, the applicant will need to have an agreement for at least $200,000 in funding from one or more of the following sources:
· The funding agreement must involve the transfer of at least 10% of the funds within 12 months of commencing the activity in Australia.
If you were invited to apply on or after 1 July 2021, be endorsed by a recognised body
If you were invited to apply for this visa on or after 1 July 2021, you must be endorsed by your nominating State or Territory government agency to develop your entrepreneurial concepts.
- Australian Capital Territory
- New South Wales
- Northern Territory
- South Australia
- Western Australia
To check your eligibility, book here.
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.