Key changes from 1 July 2021 include:

* You no longer require at least AUD200,000 funding agreement from a Venture Capital, but you must be endorsed by your nominating State or Territory government agency to develop your entrepreneurial concepts.

Who is 188E Entrepreneur Visa suitable for?

188E Entrepreneur Visa is suitable for applicants who will invest into a business in Australia with an innovative product or service. To be eligible for 188E, the applicant will require to obtain endorsement from your nominating State for Territory government agency to develop your entrepreneurial concepts.

There are a few key benefits of 188E Entrepreneur Visa. Compared to 188A, the 188E visa does not require the applicant to have a track record of previous business ownership and management experience. Compared to 188B, the applicant does not require to have experience in managing an investment portfolio.

188E Main Eligibility

  • Requires invitation to apply for the visa
  • Be less than 55 years old (exemption applies)
  • Has Competent English
  • Undertaking, or proposing to undertake, a complying entrepreneur activity
  • Obtain endorsement from your nominating State or Territory government agency
  • Genuine intention to undertake, and continue to undertake, the complying entrepreneur activity in Australia
  • Has sufficient business and personal assets to settle in Australia

188E Main Conditions

  • For offshore applicants, first entry must be made before the date specified by the Minister
  • Maintain an ongoing relationship with the nominating State or Territory

Main Eligibility for Permanent Resident Visa

  • Be in Australia for at least 2 in the 3 years immediately before the application was made
  • Has held 188E visa for at least 3 years
  • Have a successful record of entrepreneurial activities

Did you know for 188E?

  • The entrepreneur activity must relate to an innovative idea (an idea must lead to business development or commercialisation of a product or service in Australia)

188E Entrepreneur Additional Information

StayUp to 5 years with pathway to Business Innovation and Investment (Permanent) visa subclass 888 which is a permanent visa
CostAUD4,115 for primary applicant
AUD2,060 for additional applicant over 18 years
AUD1,030 for additional applicant under 18 years
Processing Time75% of applications: Processing times are not available
90% of applications: Processing times are not available

Health Requirement

You and your family members may be required to take a health examinations to meet the health requirement to show that you are free from any disease or condition that is:

  • a significant healthcare and community service cost to the Australian community
  • likely to limit the access of Australian citizens and permanent residents to healthcare and community services that are in short supply by placing demand on those services.

Your health examination will include the standard medical examination. Additional tests (such as TB Screen test, chest x-ray, and HIV test) will be required by different age groups. In some circumstances, you may be required to take additional tests such as: hepatitis B and C test, syphilis test, HIV test, and tests that address your specific health risks.

Character Requirement

You must be of good character and pass the character test. There are a number of circumstances where you may not pass the character test. For example, if you have a substantial criminal record. A substantial criminal record means if you have been:

  • sentenced to death or imprisonment for life
  • sentenced to a term of imprisonment of 12 months or more
  • sentenced to two or more terms of imprisonment (even if served concurrently) where the total is 12 months or more
  • found by a court to not be fit to plead in relation to an offence but found to have committed the offence and detained in a facility or institution

You may be required to obtain one or more documents to prove your character, such as: a police certificate, Form 80, character statutory declaration, military certificate, or a letter of good conduct from an employer.

Check out our latest updates

  • A new Small Business Owner pathway for ACT is now live
    From July 2021, ACT has a new Small Business Owners (SBO) pathway for the 190 and 491 visas. To be eligible for this new pathway, in addition to the usual 190 or 491 critieria, below are the main SBO criteria you must satisfy: You are the majority owner of an eligible registered business located in […]
  • Victoria opens 188A Business Innovation stream visa nomination
    On 13 July 2021, Victoria opened it’s Subclass 188A Business Innovation stream visa nomination program for 2021-22 and is accepting new applications. There will be more information on Victoria’s other subclass 188 visa nomination streams in the coming weeks. Starting 1 July 2021, 188A visa requirements have changed. Please visit our 188A webpage here for […]
  • 22 Occupations Added to the Priority Migration Skilled Occupation List (PMSOL)
    On 22nd June 2021, the Department has announced the inclusion of a range of skilled occupation on the PMSOL totaling 22 new occupations which brings the PMSOL to 41 in total. Please note that existing skilled migration occupation lists will remain active and visas will still be processed, but priority will be given to those […]

Open chat