Detailed explanation of the Australian 188A Entrepreneurship Immigration Project Australian 188A Entrepreneurship Immigration Visa is an immigration method launched by the Australian government in 1981. It was predecessored by 163A, and has a history of more than 40 years. 188A i

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Australia 188A Entrepreneurship Immigration Project Detailed explanation of

Australia 188A Entrepreneurship Immigration Visa is an immigration method launched by the Australian government in 1981. Its predecessor was 163A, and it has a history of more than 40 years. 188A is a shareholder of a small and medium-sized enterprise. The visa is 4 years. After the visa, the start-up funds only need to invest 20 Australian dollars, and the business has been completed for 2 years and can be transferred to a permanent residence.

1. Application conditions:

1. The main applicant is under 55 years old. The accompanying children are under 23 years old before they are approved. They are unmarried and stay in full-time school;
2. The net assets of individuals and families under the name of the couple shall not be less than 1.25 million Australian dollars;
3. The commercial selection system (EOI) score shall not be less than 65 points;
4. Two of the past 4 fiscal years:
1) The company's annual turnover shall not be less than 750,000 Australian dollars;
2) The proportion of holding in the name of the couple shall not be less than 30%, and if such a listed company shall not be less than 10%.

2. Project advantages:

1. Suitable for domestic small and medium-sized business owners;

2. There are no rigid requirements for the applicant's education and English;

3. The financial requirements for the applicant's enterprise turnover and its family assets are the lowest among commercial investment immigration;

4. Scoring and screening are adopted, scoring is diverse and easy to meet the standards, comprehensively considering the applicant's personal and corporate situation;

5. Corporate audits are relatively loose and pay attention to the company's turnover. The requirements for investment amount are not high, and the investment methods are flexible and changeable;

6. Quickly obtain Australian status, and the applicant can be converted to permanent residence after investing in Australia for three years;

7. The applicant's children can enjoy free admission to public primary and secondary schools in Australia.

3. Conditions for permanent residence:
As long as any of the husband and wife meets the requirements of entrepreneurship (residence), they can become the main applicant of the 888 permanent residence visa.

1. During the period of 5 years of residence visa, the 3-year entrepreneurship requirements are met;

2. In the first three years of application, the shareholding shall not be less than 30%; if it is a listed company, the shareholding shall not be less than 10%;

3. In the first year of application, the annual turnover shall reach at least 300,000 Australian dollars (if the shareholding is less than 51%, the annual turnover shall reach at least 400,000 Australian dollars);

4. In the first 36 applications, the annual turnover shall reach at least 36. Residence in Australia for more than 12 months;
5. Hold an Australian 188A visa for 3 years;

6. The following three conditions meet at least 2 conditions (depending on the requirements of each state):

1) The net worth of the couple in the name of the family reaches 600,000 Australian dollars;

2) The investment in business in Australia is more than 200,000 Australian dollars;

3) hiring 2 local full-time employees.