Subclass 188A :
Business Innovation Visa
New South Wales
**General importing business will not be accepted unless the imported products are highly innovative, advanced in technology, or currently unavailable in Queensland. Value-adding service should be provided to the imported products such as customised design, product assembly installation, testing, repair, maintenance and so on.
Generally, applicants must not have turned 55 at the time of invitation in order to qualify for the business and innovation stream. Nevertheless, State and Territory authorities reserve the discretion to afford waiver where the applicant’s Australian business is deemed to be of significant economic benefit to said State or Territory.
(b)Applicant maintains, or has maintained, direct and continuous involvement in management of the business from day to day and in making decisions affecting the overall direction and performance of the business; and
(c)Business is or was a qualifying business; and
(d)the applicant has, or has had, an ownership interest in the business; and
(e)the applicant’s ownership interest or the total ownership interests of the applicant and the applicant’s spouse or de facto partner, in the business is or was:
(b)is not operated primarily or substantially for the purpose of speculative or passive investment.
General Direction and Operation of a Business
Need to Reside in Australia
Successful Business Career
Net Value of Personal and Business Asset
This figure is calculated as business and personal assets less any liabilities. It should be noted that the figure is not limited to the assets of the main business, but assets of other businesses of the applicant to be considered in totality.