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

States / Territories

AU-WA

Fees: $750

Processing Time: Relatively quick

Preferred Industries:

  • Commit a significant amount of new capital investment;
  • Generate skilled employment or a large number of new jobs;
  • Develop export markets or replace imports;
  • Introduce new skills, expertise, technologies or innovations;
  • Locate the business activity in a regional area; and
  • Have a significant flow on effect to other sectors of the economy

Restricted Industries:

  • Residential estate
  • Labour Hire
  • Purchasing of existing
    business or franchise
AU-NT

Fees: No Fees

Processing Time: Relatively quick

Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)

Restricted Industries:

  • Residential estate
  • Labour Hire
  • Purchasing of existing business or franchise
AU-SA

Fees: $500-$750

Processing Time: Relatively quick

Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)

Restricted Industries: On-selling imports (obtaining goods from other states to sell in SA)

AU-QLD

Fees: $550-$750

Processing Time: Relatively quick

Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)

Restricted Industries:

  • Residential estate
  • Labour Hire
  • Purchasing of existing business or franchise

AU-NSW

Fees: $820-$1270 + GST

Processing Time: 1-4 Weeks

Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)

Restricted Industries:

  • Small scale property development
  • Small scale freight forwarding and warehousing
  • Commodity and scrap metal export
  • Passive investment

AU-ACT

Fees: $600-$1100

Processing Time: 4 Weeks

Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)

Restricted Industries:

  • Residential estate
  • Labour Hire
  • Purchasing of existing
    business or franchise

AU-VIC

Fees: No Fees

Processing Time: 4 Weeks

Preferred Industries: Of direct economical benefit to local state/territory via entrepreneurial activity (entrepreneurial streams only)

Restricted Industries:

  • Small scale property development
  • Small scale freight forwarding and warehousing
  • Commodity and scrap metal export
  • Passive investment

AU-TCA

Fees: No Fees

Processing Time: Relatively quick, but must meet with Migration Tasmania first

Preferred Industries:

  • Aquacultural
  • Agricultural
  • Minerals and Mining Industry
  • Forestry and Timber
  • Antarctic and Marine Science
  • Information and Communications Technology
  • Creative Industry

Restricted Industries:

  • Residential estate
  • Labour Hire
  • Purchasing of existing business or franchise