Subclass 188E (Entrepreneur) Temporary Visa

Overview:

Applicants' entrepreneurship project plan must be approved by a designated organization, and at least AUD 200,000 must be injected into the project by the organization to obtain the 188E visa.

 

Suitable for:

Investors in entrepreneurship projects in China or Australia.

 

Visa Advantages:

No points, no education, and no occupation assessment requirements. However, applicants must have an IELTS score of at least 6 in individual test components.

 

Application Requirements:

 

• Age requirement: Below 55 years or state government exemption.
• English language requirement: An IELTS score of at least 6 in individual test components.
• Entrepreneurship project requirement: Prohibited from residential real estate development, labor service personnel services, or purchasing Australian companies and franchise businesses.
• Entrepreneurship project investment requirement: Obtain at least AUD 200,000 in funding from recognized venture capital firms or similar organizations.
• Entrepreneurship project shareholding requirement: Hold at least 30% of the project's shares.
• State government requirement: The investment plan must be approved by the state government.

 

Processing Time: Priority processing

 

 

888 Permanent Resident Visa Requirements:

 

• Entrepreneurship project turnover requirement: An annual turnover of at least AUD 300,000.
• Employment of local employees requirement: Employ at least 2 local employees.
• Patent requirement: A patent application that has been submitted or granted.
• Residence period requirement: Continuous residence for at least 4 years.