The main purpose of the 188A Business Innovation visa is to attract foreign entrepreneurs with a business background who are willing to operate a business in Australia, contribute to the economic and industrial development of Australia, and create employment opportunities. Eligible applicants will be granted a 5-year temporary business visa, which can be transferred to an 888 permanent resident visa after two years of doing business in Australia.

· There is no English requirement for applicants

· Only need to audit the turnover of the company, the investment amount is not high, and the investment business form is more flexible

· Eligible immediate family members may be brought along to apply for temporary residence and the corresponding permanent residence visa

· Visa holders are free to travel to and from Australia

· During the visa period, children can attend public primary and secondary schools in Australia for free

· Principal and deputy applicants for 188A and 888A are interchangeable

· Short transfer time

· In at least 2 of the 4 financial years prior to the invitation, have a major stake in and day-to-day management of a business with an annual turnover of at least $750,000. Applicants may have 1 or 2 companies to meet the requirements. If the company's annual turnover is less than $400,000, the applicant needs to own at least 51% of the company's shares; If the company's annual turnover is more than $400,000, the applicant needs to own at least 30% of the company's shares; For a listed company, the applicant needs to own at least 10% of the company's shares.

· Have successful management experience, the company should not be in a loss state for 2 fiscal years

Personal and corporate net worth of at least $1.25 million (this can be calculated by combining the principal applicant and his or her spouse)

· No requirement for education

· EOI score reached 65 points

· Age requirements: When submitting the application, the main applicant is under 55 years old, the accompanying children are under 25 years old, and the children over 18 years old must provide a full-time study certificate

· No English requirement

① sign a contract

② Submit an Expression of Interest (EOI) for Business Immigration

③ Obtain a state guarantee

④ Received EOI invitation

⑤ Complete asset audit and asset evaluation report

⑥ Submit application materials

⑦ Obtain interview or interview notice, supplementary materials

⑧ Medical examination, English contribution payment, no criminal record

⑨ Visa approved