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There are currently four key 188 visas within the BIIP programme. Currently, New South Wales is open to accepting investors. However, it does insist on tighter controls in and around Syndey.
You must also meet the Home Affairs requirements for the Business Investment visa.
You must be under 50 years of age and have:
You must have combined net personal and business assets of:
You must have a qualifying ownership stake in up to two businesses that have a combined annual turnover of the below amount in two of the four most recent fiscal years:
Your SkillSelect EOI must show a minimum score of 65 points. Applications showing the following will be prioritised:
You must show growth in the business since taking over through either an:
You may be exempt from the job creation and business growth requirement if your eligible business:
During the first 4-years in Australia, you will need to make the following investment in your business.
While it is a passive investment, you are required to pass the investors points test requirements. You must be under 50 years of age and meet the points test by having either:
For at least one of the five most recent fiscal years, you have directly managed one of the following:
For the two most recent fiscal years, you and your partner have combined personal and business net assets of at least A$2,500,000.
You must make a complying significant investment of at least A$2,500,000 and have a genuine intention to hold that investment for the life of your provisional visa.
It must be invested in the following proportions:
To qualify for NSW nomination, you must show that your complying investments will contribute to the NSW economy.
At least 50% of your venture capital component must be invested in:
a venture capital fund that makes eligible investments in businesses headquartered in NSW; and
the general partner of the venture capital fund maintains an office in NSW
At least 50% of the emerging companies component must be invested in securities issued by a company or trustee headquartered in NSW that are either:
quoted on ASX Limited; or
securities (Australian non-ASX quoted securities) quoted on an Australian securities exchange other than ASX limited
At least 50% of your balancing investments must bring benefits to NSW. This can be shown where:
You must have a genuine commitment to reside in NSW and contribute to NSW through your investment activity.
Your SkillSelect EOI must show a minimum score of 65 points. Applications showing the following will be prioritised:
There is no age limit for the Significant Investor visa stream, and you are not required to meet the Home Affairs points test.
You must make a complying significant investment of at least A$5,000,000 and have a genuine intention to hold that investment for the life of your provisional visa.
It must be invested in the following proportions:
To qualify for NSW nomination, you must show that your complying investments will contribute to the NSW economy.
At least 50% of your venture capital component must be invested in:
a venture capital fund that makes eligible investments in businesses headquartered in NSW; and
the general partner of the venture capital fund maintains an office in NSW
At least 50% of the emerging companies component must be invested in securities issued by a company or trustee headquartered in NSW, that are either:
quoted on ASX Limited; or
securities (Australian non-ASX quoted securities) quoted on an Australian securities exchange other than ASX limited
At least 50% of your balancing investments must bring benefits to NSW. This can be shown where:
Applicants must be under 55 years of age.
You must be accepted by a NSW Startup Accelerator Program or Startup Incubator Program.
Accelerators and Incubators include (but are not limited to):
You must show adequate funding secured to complete your project from an approved entity.
Approved entities include a:
Your business proposal must demonstrate how your innovative ideas will benefit NSW, and how you intend to commercialise your product or service and develop your enterprise or business.
You must also clearly show that you have:
Each year, the Australian federal and state governments review the 188 visa programme to ensure it delivers the best possible outcomes for Australia. Where deemed necessary changes are introduced without advanced notice. State governments open and close the investor visa stream within their respective jurisdictions as deem necessary to meet the local economic objectives.
That said, once an investor secures an invitation to emigrate (State Nomination), any future changes to the emigration policy will not affect their case.
