Australia’s Business and Innovation Visa (subclass 188) provides astute high-net-worth businesspersons and inventive early-stage entrepreneurs the opportunity to live and do business in Australia (with the possibility of applying for PR later). Per the process, applicants must first be nominated by a State or Territory, for which a business plan is essential.

The 188 Visa Program has different options. You might fit into the Business Innovation stream if you’ve successfully run a profitable business and have a lot of money. This lets you invest in and run a business in a specific industry. Alternatively, the Entrepreneur stream is for creative people with approved business ideas who want to grow them in a supportive business setting.

RELATED SERVICES: UK Innovator Founder Visa, Canada Start-up Visa

188 Visa Requirements And Eligibility

Although the 188 Visa is temporary and issued for up to five years (extendable up to a cumulative of seven). Applicants can switch to the permanent residency program after completing at least three years, subject to the fulfillment of specific criteria.

  • Applicants must submit an Expression of Interest through the designated web portal and secure the nomination of a State or Territory to render themselves eligible for visa application. Those eligible will receive an invitation from the Department of Home Affairs to apply.
  • The likelihood of a State or Territory issuing a nomination would depend on multiple factors including the applicant’s profile, investment capability, and business plan. The proposed enterprise must also demonstrate an ability to generate local employment and economic growth.
  • Visa applicants under the Business Innovation stream (188A) must also:
    • Have owned 1–2 businesses turning over A$ 750,000 in at least two years out of the immediate past four years, and such ownership would represent a stake of at least 10% if the company is publicly listed or at least 30% if unlisted.
    • Have a net worth of A$ 1.25 million via business and personal assets.
    • Score 65 or more in a points test assessing, among other things, qualifications, business experience, innovation, and special endorsements.
  • Visa applicants under the Entrepreneur stream (188E) must also:
    • Have a complying entrepreneurial activity that either introduces an innovative offering through a new company or develops an existing business, excluding residential real estate, recruitment, and franchised operations.
    • Have their proposed business concept vetted by an approved service provider if required by the State or Territory prior to endorsing the same.
    • Ensure there is an alignment between the proposed business and the nominating State or Territory’s industry, economic, or social development objectives.
  • Evidence that the invested funds are obtained through lawful means must be available for presentation, if required.
  • Confidence must be established that the investor can support themselves and their dependent family after coming to Australia.

For detailed information, please refer to the Home Affairs Department’s guidelines for the Business Innovation and Investment visa (subclass 188).

The Business Plan for 188 Visa must be tailored based on the discovered compatibilities between your strengths and capabilities, the targeted State or Territory’s needs and expectations, and the proposed business’s commercial goals. Our team has the necessary experience to support you in this regard.

Let’s strategize and build a strong business plan, together.

Get in touch with your bespoke requirements and we will design a customized package for you.

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Our Methodology

We can take the business planning work off your plate, so that you shall focus on other things that  matter the most for your company. Our methodology to prepare The Business Plan for 188 Visa is outlined below:

Discover

1. Discover
We start by speaking with you about your business idea. Then we will map out the plan of action, detailing the project scope, deliverables and timeline. We will also send you a survey to gather basic information about your idea or company. It is normally succeeded by another interactive Q&A phase to fully understand your business and project specifications.

Preparation

2. Preparation
Drawing on the insights and information obtained in the preceding phase, we will kickstart the plan development of the business plan for Visa 188. The projections will be completed and sent to you for verification within the first week. The intermittent plan draft will follow in the second week. A complete business plan draft will be circulated in the third week of commencing the plan development.

Completion

3. Completion
We expect you to review the full business plan for visa 188 and provide valuable feedback. Appropriate amendments will be made in the business plan and the final business plan will be circulated for your use.

4. Retain Us
Retain our services to keep your business plan up-to-date in the long-run. We will be responsible for updating the business plan as circumstances and variables change in the future. We will ensure you always have access to the up-to-date business plan to productively engage with any investors at any time.

Our Value Proposition

100%

WINNING BUSINESS PLANS

Our business plans are proven to generate results, whether it would be raising capital or steering the company’s operations to success. Our methodology also ensures your productive participation in developing the plan so that we can tailor it to exceed your expectations.

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AVERAGE PROCESSING TIME

Our average processing time is 3 weeks (15 working days). We can always expedite the business plan preparation to complete it quicker than 3 weeks. The fastest turnaround time we can achieve is 7 working days. The expedition is subject to our team’s availability and other terms and conditions.

2x

VALUE FOR MONEY

With our business plan services, you get two times more value for your money because of affordable pricing and amazing results.

How to Write a 188 Visa Business Plan?

The development of a business plan for every company requires a unique approach, making the plan content vary case by case. However, the following template shall help in understanding our approach to develop a 188 visa business plan.

Executive summary provides glimpses of the entire business plan. It shall enable readers to gain basic understanding of the company, market and financial outlook without having them read the rest of the sections. In our Canada start-up visa business plan, the core elements of the executive summary include preamble, business highlights, objectives (strategic, operational and financial), mission statement and keys to success.

This section provides in-depth information about the company and its operations. In the section, we will describe company’s shareholding, founding/management team, hiring plan, organisational structure, location, suppliers, and regulatory approvals.

This section describes the company’s offerings and value proposition. It should help in understanding the market problems and solutions, product/service description, unique selling proposition, and intellectual properties.

It is imperative to analyse the external environment of your company in which it operates and understand market factors that will have a positive or negative impact on its operations and revenue potential. This section will mainly deliver insights into the industry size and trends, competition and SWOT analysis.

Marketing plan is crucial for your business plan as it helps in explaining your customers and your strategies to increase your exposure to them. We will quantify the target market size, identify customer segments and provide strategies for marketing and promotion of your company.

Three to five-year financial forecasts will be provided, leveraging existing or estimated data of your business. The projections will include underlying assumptions, start-up costs, break-even analysis, sales forecast, profit and loss statement, cash flow statement and balance sheet.

This final section of the business plan provides supplementary information that may validate or support information provided in the main business plan. For instance, if a strategic partnership is mentioned in the business plan, a copy of the partnership agreement or memorandum of understanding can be provided as evidence in the appendix.

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