Point Tests for 188 Visas
Only the Innovation stream 188a and Investor stream 188b of the Business Innovation and Investment (Provisional) visa subclass 188 require the applicants to score 65 points to be eligible for this these two visas. The points are awarded on the basis of the following items. For each item, you are only awarded points once.
Points Table for Business Innovation and Investment (Provisional) visa subclass 188
188a Stream and 188b stream only
Passing mark: 65 points
| Item | Descriptions | Points |
| Age | 18-24 years old | 20 |
| 25-32 years old | 30 | |
| 33-39 years old | 25 | |
| 40-44 years old | 20 | |
| 45-54 years old | 15 | |
| 55 and older | 0 | |
| English Language Ability | Vocational English eg. IELTS 5 or PTE 36 | 5 |
| Proficient English eg. IELTS 7.0 or PTE 65 | 10 | |
| Education Qualifications | Trade certificate, diploma or bachelor degree by an | 5 |
| Australian education institute; or a bachelor qualification | ||
| recognised by an educational institution of a recognised standard | ||
| A bachelor degree in business, science or technology by an | 10 | |
| Australian institution; or a bachelor qualification in business, | ||
| science or technology by an educational institution of a recognised | ||
| standard | ||
| Financial Assets | Net business and personal assets of you, your partner or | |
| you and your partner combined in each of the preceding | ||
| 2 fiscal years at least: | ||
| Not less than A$800,000 | 5 | |
| Not less than A$1.3 million | 15 | |
| Not less than A$1.8 million | 25 | |
| Not less than A$2.25 million | 35 | |
| Business Turnover | You had an ownership interest in one or more main | |
| businesses that had an annual turnover in at least | ||
| 2 of the 4 fiscal years immediately before the time of | ||
| the invitation to apply for the visa: | ||
| Not less than A$500,000 | 5 | |
| Not less than A$1 million | 15 | |
| Not less than A$1.5 million | 25 | |
| Not less than A$2 million | 35 | |
| Business Innovation stream only | You had held 1 or more main businesses before you were | |
| invited to apply for the visa for: | ||
| Business Experience | ||
| Not less than 4 years within the preceding 5 years | 10 | |
| Not less than 7 years within the preceding 8 years | 15 | |
| Investor stream only | Immediately before the time of application you held eligible investments of at least | |
| Investor experience | A$100,000 held for: | |
| Not less than 4 years | 10 | |
| Not less than 7 years | 15 | |
| Business Innovation qualifications | Patents or designs registered not less than 1 year before | 15 |
| that time and used in the day to day activities of the main business | ||
| Trademarks registered not less than 1 year before that | 10 | |
| time and used in the day to day activities of the main business | ||
| An ownership in and day to day participation in the management of one or more main businesses | 5 | |
| operated under a formal joint venture agreement/s entered into no less than 1 year before the time | ||
| An ownership interest in a main business/es that derives | 15 | |
| no less than 50% of its annual turnover from export trade | ||
| An ownership interest in a main business/es not than | 10 | |
| 5 years before: | ||
| * had an average annualised growth in turnover that was | ||
| greater than 20% per annum over 3 continuous fiscal years; and | ||
| * in at least one of the 3 fiscal years employed 10 or more employees for a total number of hours | ||
| that was at least the total number of hours that would have been worked by 10 full-time employees | ||
| An ownership interest in a main business/es that received: | 10 | |
| * a grant from a government body in your home country of at least A$100,000 for the purposes | ||
| of early phase start up of a business, products commercialisation, business development or | ||
| business expansion | ||
| or | ||
| * venture capital funding of at least A$100,000 not more | ||
| than 4 years before the time of the invitation for the purposes product commercialisation, | ||
| of early phase start up of a business, business development or business expansion | ||
| Special Endorsement | The nominating State or Territory government agency has | 10 |
| determined that you proposed business is of unique and | ||
| important benefit to the State or Territory where the nominating government agency is located | ||
| Note: You need to get at least 65 points to be eligible for the visa application. | ||
OTHER BUSINESS VISAS AND THEIR RELATED TOPICS
