Business Innovation Stream (188A)
For people with proven experience and skills in business who are seeking to establish, develop and manage a new or existing business in Australia.
These applicants must be nominated by a state or territory government and have a range of requirements such as scoring at least 65 on the points test, have had an ownership or interest in an established business that has had a turnover of at least A$500,000 in two of the four fiscal years before being invited to apply for the visa, own at least 5 per cent of the business if the business has a turnover of less than A$400,000 per year, or 30 percent, if the business has a turnover of A$400,000 or more per year, or at least 10 percent if the business is a publicly listed company.
Applicants must also have total net business and personal assets of at least A$800,000 that have been legally acquired and are available for transfer to Australia within two years of the visa being granted.
You must own and operate the business in Australia for at least 2 years to be eligible for the Subclass 888 visa.