Business (provisional) - 188
The Australian Government has directed that ACT nominations focus on high quality applications that will have economic benefit to the ACT in the post pandemic recovery phase.
Business Innovation and Investment (provisional) (subclass 188).
If you are a successful business person who wishes to establish a new business or invest in an existing business you may be eligible to apply for ACT nomination of your Business Skills visa. Please ensure you read the ACT nomination guidelines to check your eligibility before you apply. A non-refundable service fee is charged for processing applications for ACT nomination.
This visa has four streams:
- Significant Investor stream. This is a provisional (4 year) visa for people who want to invest A$5 million into a complying investment.
- Investor stream: the ACT does not participate in this stream.
- Business Innovation stream: this is a provisional (4 year) visa for people who want to invest at least $200,000 to establish or purchase a business in Canberra.
- Entrepreneur stream. This is a provisional (4 year) visa for people who are undertaking, or proposing to undertake, an entrepreneurial venture in Australia
Applying for ACT 188 nomination.
You must be invited to apply for ACT 188 nomination. To be considered for ACT nomination, you must have a valid EOI in SkillSelect with the 'ACT' as your preferred location.
You can email a request for invitation to email@example.com. You must attach the following information to the email:
- Summary of successful business career with demonstrated experience in proposed business activity
- Summary of the proposed ACT business investment,
- Statement of Economic viability / benefit of the proposed ACT business activity
- SkillSelect EOI record of response
- Evidence of any close family connection living in Canberra.
An invitation is not a guarantee that the application for ACT nomination will be approved. The application will be assessed against the demonstrated viability and economic benefit of the proposed ACT business in the post pandemic recovery phase.