The Entrepreneur Stream (Subclass 188E) Visa is a pathway for entrepreneurs with innovative business ideas and a desire to develop and manage their own venture in Australia. This visa falls under the Business Innovation and Investment (Provisional) Visa (Subclass 188) program, designed to promote entrepreneurship and drive economic growth in Australia.
This visa is a unique opportunity for entrepreneurs to establish and develop their ventures in Australia, with a potential pathway to permanent residency. The complex application process and the requirement for a substantial funding agreement, means guidance from an experienced registered migration agent or legal expert to ensure a successful visa application is advisable.
The Entrepreneur Stream (Subclass 188E) Visa is a pathway for entrepreneurs with innovative business ideas and a desire to develop and manage their own venture in Australia. This visa falls under the Business Innovation and Investment (Provisional) Visa (Subclass 188) program, designed to promote entrepreneurship and drive economic growth in Australia.
This visa is a unique opportunity for entrepreneurs to establish and develop their ventures in Australia, with a potential pathway to permanent residency. The complex application process and the requirement for a substantial funding agreement, means guidance from an experienced registered migration agent or legal expert to ensure a successful visa application is advisable.
Notable Requirements:
Innovative Business Proposal: To be eligible for the Subclass 188E Visa, applicants must have a funding agreement of at least AUD 200,000 with an eligible funding entity to support their entrepreneurial activities in Australia. They must also submit a comprehensive business proposal outlining their innovative idea and how it will benefit Australia.
Age Requirement: Applicants must be under 55 years of age, although state or territory government waivers may be available for exceptional cases.
State or Territory Nomination: Applicants must be nominated by a state or territory government in Australia, which may have specific criteria for nomination.
English Language Proficiency: Proficiency in the English language is mandatory. Applicants must provide evidence of their English language skills through recognized tests.
Health and Character Requirements: Applicants must meet health and character requirements as specified by the Australian government.
Visa Conditions:
Visa holders must actively and continuously manage their entrepreneurial activities in Australia.
Compliance with Australian laws and regulations is mandatory.
Application Process:
The application process for the Subclass 188E Visa involves multiple steps, including expression of interest (EOI) submission, state or territory government nomination, and visa application.
Applicants must provide a well-structured business proposal that outlines their innovative idea, market research, commercialization plan, and how the venture will benefit Australia.
Evidence of the funding agreement with an eligible funding entity is a critical component of the application.
There are different streams of Visa depending on the type of business you are starting or investing in.
This stream is for individuals with a successful business career and a genuine desire to own and manage a business in Australia. Applicants must have a certain level of business turnover and a commitment to continuing their business activities in Australia.
This stream is for applicants who are willing to make an AUD 1.5 million investment in an Australian state or territory and maintain that activity in Australia.
You need to meet business turnover and net asset requirements, you must have a successful business history, and be under the age of 55.
This stream targets individuals who are willing to invest a significant amount in specified investments in Australia, including venture capital and small private equity funds.
Once you reach out to Absolute Immigration, we set up a discovery call to understand what your needs are and what Visa best suits you.
From there, we will send you a Strategy proposal outlining the steps we will take to assist you in getting a Visa for you to sign off on.
Now our team leaps into action, following immigration pathways, taking care of the paperwork and helping you through the entire application process.
You can get in touch with the team on our support lines: 1300 227 658 or +61 (03) 9827 3721. Alternatively, you can book a free 10 minute consultation through our Acuity Portal.
You can get in touch with the team through our support email: aisupport@absoluteimmigration.com
This is a Visa that allows people who are significant investors in Australian Business or Innovation, the opportunity to stay in Australia for up to 4 more years.
There can be a long processing time for a 188 Visa, anywhere up to 20 months in some cases. Have a word with our team to find out more about timelines.
The Business Innovator stream has a base application charge of $6270AUD; The Premium Investor Stream’s base charge is $9455 AUD; and the Entrepreneur stream has a base charge of $4240AUD.
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You can get in touch with the team on our support lines: 1300 227 658 or
+61 (03) 9827 3721. Alternatively, you can book a free 10 minute consultation through our Acuity Portal.
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Disclaimer: Information on this website does not constitute personal migration advice and is provided for general information and education purposes only. Accordingly, before taking any actions based on such information, we encourage you to consult with one of our Migration Agents who are all bound by the MARA Code of Conduct.
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