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South Australia. Business visas 2022-2023

South Australia’s Business Innovation and Investment Program (BIIP) is now open for the 2022-23 program year. 

The Business Migration program seeks to attract high-quality business owners, investors, and entrepreneurs who can create genuine and sustainable business opportunities in South Australia, including in the regions, that benefit the State’s economy, local businesses, and the workforce. 

 

There are four visa streams available for nomination Business visa subclass 188: 

  • Business Innovation Stream (188A)  
  • Investor Stream (188B) 
  • Significant Investor Stream (188C) 
  • Entrepreneur Stream (188E) 

Would you like to get a FREE assessment for a Business visa?

You can find out whether your case meets the conditions of a visa RIGHT NOW! Please complete the express assessment form below and receive expert migration advice for free!

The program will be highly competitive due to the limited interim allocation (70 places only!).
Meeting the minimum published requirements does not guarantee nomination by South Australia. In assessing your Intention to Apply and application, Skilled & Business Migration will consider each application on its merits and the broader benefit to South Australia.

This visa is for successful business owners who want to do business in South Australia.

Applicants must first complete an Intention to Apply (ITA). Following an ITA assessment, successful applicants will be invited to apply for a state nomination.

In 2022-2023, SA will prioritize applications from applicants with proven experience in the business and who can demonstrate that their proposal exceeds the minimum investment criteria.

Criteria of Stream 188A:

  • Score at least 80 points in the point test. 
  • Provide a business plan detailing the viability and economic impact of your proposal to South Australia
  • If proposing an export business in South Australia, you must demonstrate proven export experience and relevant expertise in the products being exported. 
  • Applicants aged 55 years or over at the time of invitation must demonstrate that the proposal will be of exceptional economic benefit.
  • Business which is solely selling imports will require substantial justification to demonstrate the benefit to the state. 
  • South Australia will strictly manage the demand levels for certain business investments including – but not limited to – cafes, restaurants, convenience stores, beauty salons, service stations, and retail stores. 

This visa is for successful investors or business owners willing to invest in a complying investment fund and maintain it for the duration of the provisional visa. 

Criteria of Stream 188B:

  • Invest and maintain an investment of AUD 2.5 million (AUD 3.75 million for people over 55) or the duration of the provisional visa into complying investment fund that provides significant benefits to the State.
  • Applicants who have between 55 and 65 points can apply for exceptional circumstances for the additional 10 points from the South Australian Government. These applications will be assessed on a case-by-case basis. 
  • Demonstrate the material benefits of such investment activities in South Australia.
  • The choice of investment options is based on the client’s own preference and Department complying investment requirements. 

It is for successful investors or business owners willing to invest a significant amount into complying investment funds and maintain it for the duration of the provisional visa. 

Criteria of Stream 188C:

  • Agree to make and maintain an investment of AUD$5 million for the duration of the provisional visa in a complying investment fund (CIF). The complying investment fund must materially benefit South Australia. 
  • The choice of investment options is based on the client’s own preference and Department complying investment requirements. 

It is for successful investors or business owners willing to invest a significant amount into complying investment funds and maintain it for the duration of the provisional visa. 

Criteria of Stream 188C:

  • Agree to make and maintain an investment of AUD$5 million for the duration of the provisional visa in a complying investment fund (CIF). The complying investment fund must materially benefit South Australia. 
  • The choice of investment options is based on the client’s own preference and Department complying with investment requirements. 


Also, it is important to secure the support of a selected Service Provider that has reviewed and approved your proposed entrepreneurial activity:

  • The Innovation & Collaboration Centre (ICC) is a home for entrepreneurs with access to world-class mentoring, university research, and labs. The ICC has a special program for entrepreneur visa holders, as well as outstanding accelerator and incubator programs for space and high-tech startups. 
  • Stone & Chalk is Australia’s largest dedicated innovation community co-located with world-leading organisations and startups such as Myriota, the Australian Institute for Machine Learning, Google, and the Australian Space Agency.
  • New Venture Institute (NVI) provides a range of programs and services to a vibrant start-up and enterprise community in six core sectors: Advanced Manufacturing; Creative Industries; Education; Energy, Water, and Sustainability; Health; Wine, Tourism, and AgTech.
  • Moonshots focuses on working with entrepreneurs to build globally scalable investable businesses. They love Creative, Space, BioTech, AI/Hi-Tech, AgTech, Education, and Defence Industries.
  • ThincLab is supported by the Adelaide School of Business and is the flagship business incubator of the University of Adelaide. It works with an extensive network of partners and has a global footprint with five locations, and has been supporting early-stage and scaling entrepreneurs across all industry sectors for the last 28 years.

 

Subclass 188E current visa restrictions:

  • Some visa holders are not eligible for the SA nomination (subclasses 500, 570, 571, 572, 573, 574, 403, and 771).
  • Subclass 485 visa holders may participate should the service provider assess they have an innovative idea and a strong business case. 

 

Restricted activities:

  • Residential real estate 
  • Labour hire 
  • Purchase of an existing enterprise or a franchise in Australia 
  • Cafes and restaurants 
  • Consulting firms/companies 
  • Employment agencies 
  • Export/import businesses 

Please note that Department and State visa requirements are different for each stream. Firstly, applicants must satisfy the Department’s criteria for the particular stream, then must check state requirements, to get a nomination, and finally apply for a visa.

It is strongly recommended that applicants obtain professional legal and financial advice before investing or undertaking any business activity. 

Get 100% discount on your migration advice!

We are so happy when, after individual consultations, clients soon return back to sign a contract for professional migration support!

!!! For your trust and loyalty, I will be happy to give you this consultation FREE.

If you sign the further contract within 72 hours once you get the written migration advice/consultation summary after the consultation, the consultation cost will be deducted from the final price of the contract. 

Dear businessmen and entrepreneurs, I will be happy to answer any of your questions related to visa matters!

Just email me at office@yuliamoiseeva.com.au and describe your migration issues!

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