State requirements comparison for Business visas (188 visa)

State Nomination Criteria for Each State

If you apply to migrate to Australia under the Business Innovation and Investment program (188A), you will be assessed against a points test. You must score sufficient points to reach the pass mark. The current pass marks for the Business Innovation and Investment (Provisional) (subclass 188) is 65 points. The 188A is a provisional visa for those with business skills who want to establish, develop and manage a new or existing business in Australia. You must be nominated by a state or territory government. Each state or territory government has its own criteria which you must satisfy in order to be able to apply for and be granted the permanent 888 Business Innovation and Investment visa.

  Requirements Nomination fee Processing time
VIC ·         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

·         Settlement funds – no less than $400,000 available for business activity and $200,000 for settlement activity.

·         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.

N/A 20 business days
ACT Plan to meet the following three investment criteria while holding the 188:

·         Invest a minimum of $200,000 to purchase or establish a business that will be if economic benifit to the ACT and /or

·         Make a personal commitment, and have sufficient personal funds, to settle in Canberra upon grant of the subclass 188 visa.

$600 – Remaining allocation @ 1 August 2021
Business Innovation and Investment Program – 30 places
30 days
NSW (Sydney) NSW nomination criteria for the 2021-22 financial year will be made available shortly-previously the criteria was:

  • For at least two of the four fiscal years immediately before the application, your business had an annual turnover of at least $1,000,000
  • Net personal and business assets of at least $1,300,000
  • Business commitment must include at least $500,000 in business investment
  • Have funds available for living expenses
$820 (outside Australia)

$902 (inside Australia)

applications closed 31 May 2021

Not available
NSW (Regional) Previous criteria:

·         For at least two of the four fiscal years immediately before the application, your business had an annual turnover of at least $500,000

·         Net personal and business assets of at least $800,000

·         Business commitment must include at least $300,000 in business investment

·         Have funds available for living expenses

$ 820 (outside Australia)

$ 902 (inside Australia)

applications closed 31 May 2021

Not available
QLD The new Queensland business nomination criteria is currently being finalised and when available, will be published. Previous critera was:

·         Demonstrate that you have net business and personal assets of at least $800,000 to be transferred to Queensland within 2 years of the visa being granted.

·         Must make a business investment of at least $200,000 after your visa is granted.

$500 (outside Australia)

$550 (in Australia)

applications currently closed

Not available
NT Same as DoHA requirements N/A Not available
WA For two of the last four fiscal years you have held an ownership interest and directly managed the business which had a minimum turnover of AUD$750,000 in each of those years

Net personal and business assets of at least $1,250,000 within 2 years of visa grant

create employment for the equivalent of at least one new permanent full time staff member

$750 Not available
SA Under 55 years of age

·         Intend to establish a business that meets the Subclass 888 criteria – must meet one of the following:

o   Employ 3 full-time employees in South Australia

o   Capital investment of $300,000 into a South Australian business

Over 55 years

·         Intend to establish a business that meets the Subclass 888 criteria – must meet one of the following:

o   Employ 3 full-time employees (must be Australian citizens, PR or NZ passport holders)

o   Capital investment of $1,600,000 into a South Australian business

o   Export $1,500,000 to $2,000,000 of South Australian products or services

N/A Not available
TAS The Program is temporarily close. New requirements will be published once available. Previous critieria was:

·         Invest a minimum $ 200,000 to establish a new or purchase an existing business in Tasmania.

Requirements for property development option:

·         A minimum $1,500,000 investment leading to creation of at least 4 properties for general sale or tourism, low income or student accommodation.

·         Property development must add to stock of housing available for general sale or for increasing tourism, low income, or student accommodation.

·         Sale of developed property must be at arm’s-length (not to a known or related individual/business)

N/A – 188D and 132 visa applications closed on 27 April 2021 Not available
All applicants must meet the following:

For 2 out of 4 fiscal years immediately before you receive an invitation to apply for the 188 visa, you must have had an ownership stake in 1 or 2 businesses that had at least AUD750,000 turnover in each of those 2 years.

Before you are invited to apply for the 188 visa, you, your partner, or you and your partner combined must have total net business and personal assets of at least AUD1,250,000. Your funds must be available to transfer to Australia within 2 years of granting the visa.

You must score at least 65 points on the points test.

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