188E Visa – Entrepreneur StreamThis is a temporary resident visa that allows you to stay in Australia for 4 years and 3 months to undertake an entrepreneur activity. You must have a minimum fund of AU$200,000 with a third party for your entrepreneurial activity. Your English level must be at least competent to be eligible for this visa. This visa application can be lodged from inside or outside of Australia.
Subclass 188E – Entrepreneur Stream Visa Checklist:Note: all documents must be in English, all non-English documents have to be NAATI translated.
Personal Identity documentsHover or Click
You will need to prepare your personal identity documents such as passport, birth certificate, national ID, birth certificate, etc…
Entrepreneur documentsHover or Click
These documents include: funcing agreement, business plan, and ownership interest.
English Test ReportHover or Click
Your English test report should show at least a competent level of English.
Form 80 + Police Check + Form 1221Hover or Click
A completed form 80, a police check from every country that you have lived in for 12+ months and a completed form 1221. You need to submit a military records if you have served in military at any point of your life.
Transition To Permanent ResidentYou will be able to transition to a permanent resident application (subclass 888) when you have a successful record of entrepreneurial activities. Successful record of entrepreneurial activities can be in a form of 2 key success factors OR 1 key success factor and 3 supporting success factors, Key success factors include:
- employing 2 or more Australians, permanent residents or other eligible persons
- generating an annual turnover of at least AUD300, 000
- filing a provisional patent or acquiring a standard or innovation patent
- receiving ongoing funding or investment in your entrepreneur activity
- entering into a partnership with a university
- selling an entrepreneurial venture for AUD2 million
- adapting your entrepreneurial activities into other business areas
- receiving a statement of success from a state or territory government nominator
- receiving sponsorship from the corporate sector
- starting at least 1 other business or contributing to at least 2 other businesses
- receiving formal awards or recognition
- raising or contributing to social capital