Entrepreneur Stream Visa (Subclass 188)
The Entrepreneur Stream Visa (subclass 188) is tailored for startup and early-stage entrepreneurs endorsed to develop their concepts and nominated by a State or Territory government agency in Australia. This visa offers the following benefits:
Entrepreneurial Activity:
- Holders of this visa can engage in entrepreneurial activities within Australia.
Duration:
- It grants provisional residency for up to 5 years.
Family Inclusion:
- Eligible family members can be included in the application.
- Furthermore, it allows the primary applicant to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Entrepreneur stream if specific requirements are met.
The primary applicant incurs a cost of AUD6,395.00 for this visa.
For additional applicants:
- Applicants over 18 years old: AUD3,195.00
- Applicants under 18 years old: AUD1,600.00
Applicants over 18 with less than functional English may be subject to an extra charge known as the second instalment, which is paid upon request.
This charge is refundable if the visa is not granted. The second instalment charges are:
- Primary applicant: AUD9,795
- Family members: AUD4,890
How Long You Can Stay:
- This visa is provisional, enabling you to stay in Australia for a maximum of 5 years.
- It is issued with multiple entry privileges, allowing you to leave and re-enter the country as many times as needed within the visa’s validity period.
- The visa starts from the date it’s granted.
Extending Your Stay:
- If you intend to stay beyond the provisional period, you must apply for a new visa.
- Additionally, holding this visa makes you eligible to apply for permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888) Entrepreneur stream if you meet the specified criteria.
Including Family:
- You can add your dependent children to your application at any time before the application decision.
- These family members must meet health and character requirements.
- If your spouse or de facto partner did not initially apply with you, they can submit a subsequent entrant application.
Processing Times: There are no standard processing times available for this stream. However, your application might take longer to process if there are errors or omissions in the application, if required documents are missing, or if additional information is needed to verify your details.
Eligibility:
- To be eligible for this visa, you must receive an invitation to apply after submitting an Expression of Interest (EOI).
- You must also be nominated by a State or Territory government agency, be under 55 years of age (unless an exceptional economic benefit is determined), and engage in or propose a complying entrepreneur activity with a genuine intention to continue it.
- Complying entrepreneur activities must relate to innovative ideas for product or service commercialization or enterprise development in Australia.
- Additional eligibility criteria may apply depending on when you received your invitation.
Frequently Asked Questions
The Entrepreneur Stream Visa (subclass 188) is a provisional visa designed for startup and early-stage entrepreneurs who have been endorsed to develop their concepts by a State or Territory government agency in Australia. It allows you to carry out entrepreneurial activities in Australia and stay for up to 5 years.
Yes, you can include eligible family members such as dependent children in your application. Your spouse or de facto partner, if not initially included, can make a subsequent entrant application.
The primary applicant is required to pay AUD6,395.00 for this visa. Additional charges apply for family members over 18 years old (AUD3,195.00) and under 18 years old (AUD1,600.00). An extra charge, known as the second instalment, may be applicable for applicants over 18 with less than functional English.
Yes, you must comply with all visa conditions and Australian laws. Additionally, specific obligations related to entrepreneurial activities must be met. These obligations include having a genuine intention to undertake and continue the complying entrepreneur activity and being nominated by a State or Territory government agency. The nature of these obligations may vary depending on whether you received an invitation to apply before or after July 1, 2021.
To be eligible for the Entrepreneur Stream Visa (subclass 188), you must receive an invitation to apply after submitting an Expression of Interest (EOI). You must also be nominated by a State or Territory government agency, be under 55 years of age (unless an exceptional economic benefit is determined), and engage in or propose a complying entrepreneur activity with a genuine intention to continue it. Additional eligibility criteria may apply depending on when you received your invitation.
Currently, there are no frequently asked questions available for the Aged Dependent Relative Visa (Subclass 114).