Australian National Visa Service (ANVS)
Pn: 0401 866 248 or (07) 3493 0075
ANVS is bound by a commitment to the Code of Conduct
Australian National Visa Service
Pn: +61 401 866 248 or +61 7 3493 0075
For the Australian Subclass 188 Business Innovation and Investment Visa SIV You must make a complying investment of at least AUD$5 million and hold that investment for at least four years:
You or you and your partner must have a genuine and realistic commitment to:
The investment funds must have been legally acquired and unencumbered and the investment must be made by the investor personally and/or with your partner or by a wholly owned corporate vehicle.
You and your partner must not have been involved in unacceptable business or investment activities.
There is a three part investment framework that determines how the investment must be made. At the time of investment for the Australian Subclass 188 Business Innovationand Investment Visa:
You, your partner and other family members aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.
The Entrepreneur Visa Stream is implemented from 10 September 2016 as part of the National Innovation and Science Agenda. The Entrepreneur Visa Stream is designed for Australia to attract and retain entrepreneurial talent and the skilled, talented people Australia needs to drive ideas from research to commercial reality.
The Entrepreneur visa is included as a new stream to the Business Innovation and Investment visa.
To apply for the Entrepreneur Stream of the Subclass 188 Business Innovation and Investment Visa Entrepreneurs will first need to submit an Expression of Interest to obtain nomination from a State or Territory government.
Key eligibility criteria include:
Sources of third party funding are limited to state and territory governments, Commonwealth agencies, Publicly Funded Research Organisations, and investors registered as a Venture Capital Limited Partnerships or Early Stage Venture Capital Limited Partnerships (or a combination of these sources).
Applicants must have a business plan outlining their plans for their venture in Australia.
An Entrepreneur visa holder can progress to permanent residency after four years if they can meet a measure of success, which includes factors such as business turnover, employment of Australians and ability to obtain significant financial backing.
The Subclass 188 Business Innovation and Investment Premium Investor Visa PIV is defined by an AUD 15 million investment or contribution requirement. A person who has held this visa for at least 12 months may then be eligible to apply for the subclass 888 permanent resident visa.
The Australian Business Innovation and Investment visa requires that you invest AUD 15 million in “a complying premium investment”; and unless the investment is a philanthropic contribution, genuinely intend to hold the complying premium investment for the period of the visa.
The applicant or any spouse or de facto partner of the applicant is not permitted to have any “history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia”
There are rules that must be observed for the purposes of the complying premium investment. For example, the AUD 15 million which is being used for the complying premium investment must be unencumbered and the applicant will need to show that the funds were lawfully acquired. This obligation applies regardless of whether the AUD 15 million is to be applied for the making of an investment or for a philanthropic contribution or both. It is essential that any applicant for this visa is able to give a credible and complete “paper trail” for the funds that are intended for investment in Australia.
Austrade is the nominating authority for the Australian Subclass 188 Business Innovation and Investment Premium Investor Visa PIV, and is presently advising that any expression of interest which is unsolicited will not be accepted.
Presently, an investment may be made in any one or more of:
Any philanthropic contribution will need to be approved by a State or Territory government agency.
To apply for the Australian Subclass 188 Business Innovation and Investor Visa, you must:
Income that you earn from your designated investment in Australia may be subject to tax under Australian taxation law.
The visa is made up of five streams:
The Business Innovation and Investment visa subclass 188 provides a pathway to permanent residence. The Business Innovation and Investment Visa Subclass 188 is a prerequisite for the Business Innovation and Investment (Permanent) migration visa (subclass 888).
ANVS are well skilled to advise and assist you with any of the Australian business visas. We have substantial experience in understanding business performance and providing advice and guidance on business and business performance.
ANVS experience includes periods of more than 10 years in top tier Chartered Accounting firms and in one of the “big” four Australian Banks and more than 20 years as a CPA. In addition to registration with MARA, we have also held registration with the Australian Securities and Investment Commission as a Company Liquidator.
If you want a firm that can best represent your Australian Business so that you will not be disadvantaged because your representative cannot thoroughly understand and represent your financial position or the Australian Business market, then consider Australian National Visa Service your first choice.
CLICK HERE to complete our FREE Online Australian Business and Investment Visa Assessment
The Subclass 888 Australian Business Migration Visa allows you to:
The Business Innovation and Investment (Permanent) migration visa (888 Visa) is the second stage of the Business Innovation and Investment (Provisional) migration visa (subclass 188). You can apply for it after you have fulfilled the requirements of your provisional visa.