ELIGIBILITY, ENTITLEMENTS & PROCEDURE
INNOVATION-188 A
Great for those wanting to run their own business
You must:
- Be under 55 years of age.
- Show business history of minimum 3 years.
- Minimum Turnover (Sales) AU $750,000 (for any 2 years out of last 4 years).
- Personal wealth (business and personal assets) of minimum AU $1,250,000.
Benefits:
- Apply for PR after 4 years.
- Own 6th strongest passport in the world (180 countries visa free travel).
- Free Education (HECS funded School/Universities for your children.
- Free Healthcare.
- Peace loving & beautiful retirement settings.
- Bring your entire family on this visa.
To get PR you need to:
Operate a new business or expand your current business in Australia.
INNOVATION-188 B
Great for those wanting to run their own business
You must:
- Be under 55 years of age.
- Invest AUD $ 2.5 million in accordance to CIF
- Have net business, investment and personal assets of at least AUD $ 2.5 million
- You can apply for PR after holding 188 visa for 3 years
Benefits:
- Get interest rate (dividends) paid every 6 months for 4 years on your investment.
- Guaranteed funds return after 4 years (as Government bonds).
- Need Functional English or pay AUD $9,795 if you are not-so-good in English.
- Own 6th strongest passport in the world (180 countries visa free travel).
- Free Education (HECS funded) for children (School/Universities).
- Free Healthcare.
- Peace loving & Beautiful Retirement settings.
- Bring entire family with you.
- Apply for PR (permanent residency) after 3 years 11 months.