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How to apply for permanent visa after getting 188E Visa?

The 188E visa is the Australian immigration program that was designed to accept startup or early-stage entrepreneurs that have received the approval to further develop their ideas and nominated by an government agency in the State of Territory Government agency within Australia. It is valid for for up to five years. Visa holders may request Permanent Visa 888E after 3 years.

The eligibility requirement for the 188E Visa

Nomination Requirement for the 188E Visa

You have to be approved by an agency of a government agency of the State or Territory government agency prior to being asked to apply for this visa. A State, or Territory government agency who nominates you cannot change their mind after you submit your application or else we’ll be unable to approve your visa.

You need to be approved by any of the following government agencies to help you develop your ideas for entrepreneurship:

South Australia is the first state to have opened the application for 188E in 2021-2022, the year of the program.

Age Requirements for the 188E Visa

It is not possible to be granted an invitation if are over 55 at the time of the invitation to submit a visa application, in the event that the state or Territory government agency has determined that your proposed entrepreneurial venture to have a high-value economic value.

Business requirements for the 188E Visa

You must be carrying out or attempting to engage in an entrepreneur-related compliance activity in Australia. You must be able to demonstrate a genuine intent to pursue this business.

An entrepreneur’s compliance activity has to be connected to an idea that leads to:

commercialisation of a service or service the commercialisation of a product or service Australia the commercialisation of a product or service in Australia
the growth of a business or enterprise in Australia

This activity cannot be related in any way to one or more of the categories listed below:

residential real estate
employment and training
the purchase of an existing company or the purchase of a franchise in Australia

English requirements for the 188E Visa

You should have at a minimum proficient English

How can I apply for a permanent visa following the The 188E Visa?

The eligibility requirements for 888E Visa are as follows:

Nomination Requirement for the 888E Visa

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You must be in possession of a valid nomination from the Territory or State government agency. Territory public agency.

If you were applying for your interim visa, you submitted your expression of interest. The state government or Territory government agency read your interest in the application and proposed you to be a nominee.

You don’t need to make a fresh declaration of interest. However, the appropriate government agency has to verify that your application is valid,

Business Requirements for the 888E Visa

You need to be able to demonstrate the success of the business ventures you’ve engaged in during your 188E Visa.

You’ll need to prove that you have:

Two key success factors, or
1 crucial success factor and 3 success factors that support it.

The most important success factors include:

Employing two or more Australians permanent residents, other individuals who are eligible
producing an annual revenue of at minimum AUD300 1 000
filing for a preliminary patent, or receiving a standard or innovative patent
getting ongoing investment or funding for your business
signing a partnership agreement with the university
selling an entrepreneurial venture to $2 million

The factors that contribute to success are:

adapting your entrepreneurial activity to other areas of business
Receiving a certificate of success from a territory or state government official
Receiving support from the corporate sector
beginning at least one other business, or participating in at least two other businesses
Receiving formal awards or acknowledgement
making or contributing to social capital

Entrepreneurial activities in Australia can’t be:

residential real estate
Employment for labour
buying an existing company or the purchase of a franchise in Australia

When you operate the business you have in Australia the business you run with your partner should have followed:

Commonwealth laws
The laws in the territories or states in which your business was operating

This covers laws regarding taxation and superannuation as well as workplace relations.

Residence requirement for the 888E Visa

You have to have been in Australia at least two out of 4 times as a holder of the business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream, if you were asked to apply for the visa.