4 Secrets to Australian Business Visa - NSW Updates

Australian Business Visa Subclass 188A Eligibility criteria

Visa criteria

You must meet the Home Affairs requirements for the Business Innovation and Investment (Provisional) visa (subclass 188A) – Business Innovation stream.

Personal background

You must be under 50 years of age and have:

• a bachelor's degree recognised as equivalent to the Australian standard, or
• In the past 10 years have at least:
  • 3 years of business experience in a NSW target sector, or
  • 5 years of business experience in a non-target sector

Personal and business assets

You must have combined net personal and business assets of:

• A$1,750,000 – Sydney
• A$1,250,000 – Regional NSW

Business turnover

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:

• A$1,250,000 – Sydney
• A$750,000 – Regional NSW

Points test

Your SkillSelect EOI must show a minimum score of 65 points.

Applications showing the following will be prioritised:

• 15 points for business experience, or
• Points for business innovation qualifications

A business plan

You must provide a business proposal that clearly describes how your business will contribute to the NSW economy and create new jobs.

Creating new jobs in NSW

You must create a minimum of two new full time equivalent jobs.

If you are purchasing an existing business

You must show growth in the business since taking over through either an:

• increase in annual turnover of at least 10%, or
• increase in business assets of at least 25%

Business investment

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:

• $A500,000 – Sydney
• $A300,000 – Regional NSW

NSW Application Requirements

You must apply for NSW nomination before you can apply to Home Affairs for this visa.

To apply for NSW nomination you must:

• Submit an EOI in SkillSelect
• Apply for NSW nomination
• Pay application fee
• Application processing 

You will receive an application outcome (or request for further information) within four weeks of your application payment.

4 Secrets to Australian Business Visa - Important information

1. Submit a complete application

You must submit a complete application, including all relevant evidence to support your eligibility claims when you apply to NSW.

2. Respond to requests for further information within deadline

If we require further information to assess your application:

• You will have two weeks to provide the requested information
• If you do not respond within two weeks, we may refuse your application

3.Apply using the online form instead of email or post.

NSW nomination will not accept any applications by email or post.

4. Providing CORRECT information

If an applicant provides false or misleading information when applying to NSW, applicant will be refused.

NSW may also report the applicant's case to Home Affairs to conduct their own investigation.

NSW conducts verification checks on many of the documents applicants provide.