Visa 188 Business Plan

The Business Innovation and Investment (Provisional) Visa (subclass 188) is a temporary visa that allows individuals to establish, develop, or manage a business in Australia or invest in Australian businesses. The visa has several streams, including the Business Innovation stream, the Investor stream, the Significant Investor stream, the Premium Investor stream, and the Entrepreneur stream.

Under the Business Innovation and Entrepreneur Stream, applicants are required to submit a comprehensive business plan as part of their visa application. The purpose of the business plan is to demonstrate that the applicant has a genuine commitment to establishing and maintaining the proposed business or entrepreneurial activity in Australia.

The business plan should outline the proposed business venture in Australia, including details such as the nature of the business, market analysis, operational plan, financial projections, the budget, commercialization strategy and how the business will meet the criteria for the visa.

Embrace a promising future in Australia with our remarkable Visa 188 business plan. Tailored to meet Australian migration requirements, this plan will help you lay out strategies to impress immigration authorities and secure your pathway to Australia. Let our well-crafted plan pave your way to successful migration and entrepreneurial success.

 

 

Business Innovation and Investment Visa 188

The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Business Innovation and Investment Program.

There are five 188 Visa Streams:

Business Innovation stream: for people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicants must be nominated by a state or territory government.

Investor stream: for people who want to make a designated investment of at least AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.

Signicant Investor stream: for people who are willing to invest at least AUD5 million into complying significant
investments in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government.

Premium Investor stream: for people who are willing to invest at least AUD15 million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Austrade will make the initial contact with suitable candidates for nomination on behalf of the Australian government.

Entrepreneur stream: for people who have a funding agreement from a third party for at least AUD200,000 to undertake a complying entrepreneur activity that is proposed to lead to either the commercialisation of a product or service in Australia or the development of a business in Australia. Applicants must be nominated by a state or territory government.

Other criteria required to be eligible:

  • Nomination by a state or territory government;
  • Invitation to apply through SkillSelect
  • Skilled Occupation List
  • Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit;
  • Meet the pass mark in the Business Innovation and Investment Points test (currently 65);
  • Have an overall successful career in business or investment.

 

 

Business Plan For Innovation and Investment Visa 188

From Vision to Victory: Crafting a Winning Visa 188 Business Plan from Vision to Victory. Our World-Class Business Plans will transform your Vision into Reality.

Our business plan sets the stage by establishing the purpose of the business plan; and then highlighting and showing the details of the current business activity and performance as well as evidence of market research and a genuine commitment to enter into business in Australia and all the information formerly presented in the following manner in driving success:

Details of business:

I. Executive Summary

  • Writing an attention-grabbing and impactful executive summary that capture the essence of the business plan that compels the Home Affairs Department.
  • Showcase the uniqueness of the business, its value proposition and the key components in the summary, such as the company overview, mission, and highlighting the key financial projections and milestone.

II. Company Overview

  • Dive into the foundation of the business, including its history, mission, and vision.
  • Describe the products or services offered and showcase the unique selling proposition.
  • Elaborate on the target market, industry analysis, and competitive landscape.

III. Organizational Structure and Management

  • Describe the company's organizational structure and key management personnel.
  • Highlight their expertise and how they contribute to the success of the business.
  • Discuss the hiring and talent acquisition plan to ensure a skilled workforce.

Details of Market:

IV. Market Research and Analysis

  • Showcase a comprehensive market research.
  • Footnote the various research tools and statistics to gather the relevant data.
  • Analyze the market trends, potential growth opportunities, and customer behavior.

V. Business Strategy and Implementation

  • Present a clear and robust business strategy aligned with the company's goals.
  • Outline the sales and marketing strategies, pricing models, and distribution channels.
  • Elaborate on the operational plan, including production, logistics, and quality control.

Details of Finance:

VI. Financial Projections

  • Provide an in-depth analysis of the financial projections, including sales forecasts, expenses, profit margins, cash flow, income statements and balance sheets.
  • Discuss the break-even analysis, potential return on investment and any potential funding requirements.
  • Highlight the long-term financial goals and the strategies to achieve them.

VII. Risk Analysis and Mitigation

  • Address potential risks and challenges faced by the business.
  • Provide a risk assessment framework and contingency plans.
  • Showcase the company's resilience and ability to adapt to unforeseen circumstances.

VIII. Appendix

  • Include supplementary information, such as charts, graphs, and additional data.
  • Maintaining a concise and organized appendix.