State requirements comparison for Business visas (188 visa/888 visa)

·         Must score at least 65 points however you usually need to have 80 points or higher(This score does not include points awarded for State nomination)

• Must have at least a Bachelor degree in a STEMM field, or a Master of Business Administration, or relevant business history of at least 3 years’ experience in specified fields
• Must employ at least 2 full- time Australian citizen or permanent residents for a minimum of 12 months within the 24 months prior to lodging their 888 nomination. You could be exempt from this requirement if your business’ turnover is at least A$1million per year.

·         Make a personal commitment, and have sufficient personal funds, to settle in Canberra upon visa grant

·         Sign a declaration acknowledging the ACT nomination obligations as the holder of the visa

·         Must have either a Bachelor degree or equivalent, or in the past 10 years:

·         At least 3 years of business experience in a NSW target sector; or

·         At least 5 years of business experience in a non-target sector

·         Must have combined net personal and business assets of:

·         A$1,750,000 – Sydney

·         A$1,250,000 – Regional NSW

·         Must have a qualifying ownership stake in up to 2 businesses that have a combined annual turnover of:

·         A$1,2501000 – Sydney

·         A$750,000 – Regional NSW

·         Must score a minimum of 65 points

·         NSW will refuse your nomination application for a permanent visa (subclass 888) if during your provisional visa you have not a made a business investment of:

·         A$500,000 – Sydney

·         A$300,000 – Regional NSW

$902 (inside Australia)

·         Must have net business and personal assets of at least A$1.25 million ready to be transferred to Queensland upon visa grant

·         Must invest in one or two qualifying businesses after visa grant:

·         Business investment of at least A$400,000 – Greater Brisbane and Gold Coast Regions

·         Business investment of at least A$300,000 – Regional Queensland

·         Export business must develop international markets for Queensland products.

·         General importing business are not accepted unless the imported products are highly innovative, advanced in technology, or currently unavailable in Queensland.

·         Property Development business will not be accepted.

$550 (in Australia)

applications currently closed

·         Must have an understanding of Australia’s Northern Territory (NT) business and investment

·         Must have genuine intentions to actively pursue business or investment in the NT

·         Must have the financial capacity and business acumen to support your activities

·         The business proposal must clearly demonstrate how the business will contribute positively to the WA economy and create jobs

·         Applicants and family members (dependents) residing in Australia are required to live, work and/or study in WA

·         Propose an investment or business activity in SA that will meet SA state nomination ‘benefit to state requirements’ for subclass 888

·         If you are over 55, you must demonstrate that the proposal will be of exceptional economic benefit to SA by meeting a higher investment threshold

·         Provide detailed information on the viability and economic impact of the proposal to South Australia

·         Agree to register your arrival in South Australia with Skilled & Business Migration and maintain current contact details for the duration of your visa

·         Be able to invest at least A$200,000 to establish a new business or purchase an existing business in Tasmania

·         Must have a realistic, well-researched and plausible business plan

·         Demonstrate that you have or can acquire the relevant knowledge, skills, experiences, qualifications, licenses etc. to undertake senior level day-to-day and strategic management of the business in Tas

·         Must have sufficient settlement funds to settle in Tas

·         Must intend to live in Tasmania and contribute to Tasmania’s economy while you hold the visa

·         Must agree to nomination undertakings