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State requirements for Business visas

State requirements for Business visas (188 visa)

State Nomination Criteria for Each State

Business Innovation Stream – Subclass 188A

	Requirements	Nomination fee	Processing time
VIC	· Must score at least 80 points (This score does not include points awarded for State nomination) · Settlement funds – no less than $400,000 available for business activity and $200,000 for settlement activity. · Must employ at least 1 full- time Australian citizen or permanent residents for a minimum of 12 months within the 24 months prior to lodging their 888 nomination	N/A – applications close 5pm (AEST) Monday, 31 May 2021	Not available
ACT	Plan to meet two out of the following three investment criteria while holding the 188: · Invest a minimum of $200,000 to purchase or establish a business in ACT and/or · Invest at least $600,000 investment in personal and business assets in ACT and/or · Employ at least 2 full-time Australian citizens or permanent residents	$600 – REMAINING ALLOCATION @ 1 JANUARY 2021 Business Innovation and Investment Program – 24 places	30 days
NSW (Sydney)	· For at least two of the four fiscal years immediately before the application, your business had an annual turnover of at least $1,000,000 · Net personal and business assets of at least $1,300,000 · Business commitment must include at least $500,000 in business investment · Have funds available for living expenses	$820 (outside Australia) $902 (inside Australia) applications close 5pm (AEST) Monday, 31 May 2021	Not available
NSW (Regional)	· For at least two of the four fiscal years immediately before the application, your business had an annual turnover of at least $500,000 · Net personal and business assets of at least $800,000 · Business commitment must include at least $300,000 in business investment · Have funds available for living expenses	$ 820 (outside Australia) $ 902 (inside Australia) applications close 5pm (AEST) Monday, 31 May 2021	Not available
QLD	· Demonstrate that you have net business and personal assets of at least $800,000 to be transferred to Queensland within 2 years of the visa being granted. · Must make a business investment of at least $200,000 after your visa is granted.	$500 (outside Australia) $550 (in Australia)	Not available
NT	Same as DoHA requirements	N/A	Not available
WA	· For two of the last four fiscal years you have held an ownership interest and directly managed the business which had a minimum turnover of AUD$500,000 in each of those years · Net personal and business assets of at least $900,000 within 2 years of visa grant.	$750 – application close 3pm (AWST) Monday 31 May 2021	Not available
SA	Under 55 years of age · Must have visited South Australia · Intend to establish a business that meets the Subclass 888 criteria – must meet one of the following: o Employ two full-time employees in South Australia o Capital investment of $200,000 into a South Australian business o Net personal and or business assets of $600,000 Over 55 years · Intend to establish a business that meets the Subclass 888 criteria – must meet one of the following: o Employ four full-time employees (must be Australian citizens, PR or NZ passport holders) o Capital investment of $1,500,000 into a South Australian business o Export $600,000 of South Australian products or services	N/A – applications closed on 21st May	Not available
TAS	· Invest a minimum $ 200,000 to establish a new or purchase an existing business in Tasmania. Requirements for property development option: · A minimum $1,500,000 investment leading to creation of at least 4 properties for general sale or tourism, low income or student accommodation. · Property development must add to stock of housing available for general sale or for increasing tourism, low income, or student accommodation. · Sale of developed property must be at arm’s-length (not to a known or related individual/business)	N/A – applications closed on 27 April 2021	Not available

All applicants must meet the following:

For 2 out of 4 fiscal years immediately before you receive an invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD500,000 turnover in each of those 2 years.

When you are invited to apply for this visa, you, your partner, or you and your partner combined must have total net business and personal assets of at least AUD800,000. Your funds must be available to transfer to Australia within 2 years of us granting the visa.

You must score at least 65 points on the points test.

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