Entrepreneur Subclass 188 Visas

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Entrepreneur stream

You must:

  • ​ be under 55 years of age, although a state or territory can waive this requirement if your proposed  complying entrepreneur activity will be of exceptional economic benefit to the nominating state or territory
  • have competent English and be able to provide evidence of this at the time you are invited to apply for the visa
  • be undertaking or proposing to undertake a complying entrepreneur activity in Australia and have a genuine intention to continue this activity

A Complying Entrepreneur Activity is an activity that relates to an innovative idea that will lead to the commercialisation of a product or service in Australia, or the development of an enterprise or business in Australia.

This activity must not relate to any of the following excluded categories:

  • Residential real estate
  • Labour hire
  • Purchase of an existing enterprise or a franchise in Australia.

An activity is a complying entrepreneur activity if all of the following requirements are met:

  • you have one or more legally enforceable agreements to receive funding with a total of at least AUD200 000 from one of the following entitites:
    • Commonwealth Government agency
    • State or Territory Government
    • Publicly Funded Research Organisation
    • Investor registered as an Australian Venture Capital Limited Partnership or Early State Venture Capital Limited Partnership
    • Specified Higher Education Provider
  • under the agreement at least 10 per cent of the funding must be payable to the entrepreneurial entity within 12 months of the day the activity starts to be undertaken in Australia;
  • You held at least 30 per cent interest in your entrepreneurial entity when you entered into the agreement.
  • You have a business plan for the entrepreneurial entity noting how your innovative idea will lead to the commercialisation of a product or service in Australia, or the development of an enterprise or business in Australia.

Written by

Owner / Director RENU & ASSOCIATES PTY LTD The Bachelor of Laws (UK) Master of Migration Law & Practice (Australia) Migration Law Consultant And Registered Migration Agent MARN 1172407 http://renumigrationservices.com https://www.ozrecruitingassociates.com Australian Migration Law Consultant who has a comprehensive understanding of migration regulations and all visa categories across entire Australian Migration Law system. I hold Master of Migration Law & Practice in Australia and Bachelor of Law with Honours from UK. Currently I work as a Business Owner, Australian Migration Law Consultant and Registered Migration Agent. I act for diverse range of visa applicants both nationally and internationally. I am specialising in Employer Sponsored Visas, Skilled Visas, Business Skills Visas, Investment visas, Retirement visas, Student Visas, Partner (Spouse) Visas, Family and Child Visas, Tourist & Other Visitor Visas, Citizenship and Resident Return Visas.