Have business acumen and ambition
You must have:
- an overall successful business career
- a genuine desire to own and maintain a management role in a business in Australia
Own a substantial part of the business Have total net assets worth AUD1.5 million or more
Your net business and personal assets must be at least AUD1.5 million:
- legally acquired
- available for transfer to Australia within 2 years after the visa is granted
Have annual turnover of AUD3.0 million or more
Your total annual turnover must be at least AUD3.0 million:
- from at least 1 business and no more than 2 businesses
- for at least 2 of the 4 fiscal years immediately before you were invited to apply for this visa
Your ownership interest must be either:
- 51% or more of a business with turnover of less than AUD400,000 per year
- 30% or more of a business with turnover of more than AUD400,000 per year, or
- 10% or more of a publicly listed company
Have total net assets worth AUD400,000 or more
Application Procedures (Details)
1. Submit your EOI (Expresssion of Interest) through online system.
There is no minimum requirement on EOI for 188C but you will still have to submit your points online.
3. Submit visa application
4. Receive visa outcome
Keep a copy of this with you when in Australia.
You have a right to a review of the decision if you are refused but the application charge will not be refunded.
5. Enjoy permanent residency
when you have this visa
work and study in Australia
enrol in Australia’s public health care scheme, Medicare
sponsor your relatives to come to Australia
apply for Australian citizenship