entrepreneur stream

Eligibility Criteria

To be eligible to apply for 188 visa, under the entrepreneur stream, you must have:

Age less than 55 years (unless your complying entrepreneur activity is of exceptional economic benefit to the nominating state or territory)
Evidence of competent English at the time of invitation for visa
A genuine intention of undertaking a complying entrepreneur activity in Australia
Your complying entrepreneur activity must not be related to residential real estate, labour hire or purchasing an existing enterprise or a franchise in Australia
One or more legally enforceable agreement of funding worth at least AUD 200,000 from any of the following entities
- Publicly Funded Research Organisation
- State or Territory Government
- Commonwealth Government Agency
- Registered investor with Early State Venture Capital Limited Partnership or an Australian Venture Capital Limited Partnership
- Specified Higher Education Provider
An agreement demonstrating of paying at least 10% funds to the entrepreneurial entity within 12 months of activity undertaken in Australia
At least 30% of interest in entrepreneurial entity at the time of entering into the agreement
A valid plan or innovative idea of leading commercialisation of a product or service or the development of enterprise in Australia
Maintain an ongoing relationship with the nominating state or territory government