Entrepreneur Stream (Subclass 188E)
Compared with 188A and B, 188E visa applicants do not need to have business management experience and do not need personal net worth requirements.
You can apply for a permanent Business Innovation and Investment (permanent) visa (subclass 888) Investor stream if you meet the 888B visa requirements.
To be eligible: - Need to be recognized by the Territory Nominating State Government Agency.
- Individual provinces require applicants to obtain an investment of no less than 200,000 Australian dollars from a "qualified third party"
- “Eligible third parties” include: Australian federal government agencies, state governments, publicly funded research or innovation organizations and Australian VCLP (Venture Capital Limited Partnership) or ESVCLP (Early-Stage Investment Limited Partnership) members
- Under 55 years old
- English proficiency of IELTS 6 or above
- Start a business or propose to create a compliant business activity
- Intend to carry out business activities in Australia and have real plans
- Have enough assets to settle in Australia