Get Subclass Australia 188 | Panache Immigration

After you submit your EOI

You can change your EOI in SkillSelect if:

• you want to apply for a different skilled visa
• your circumstances change

You must be able to meet the minimum score of 65 points. SkillSelect will update your points score when you make changes to your EOI. You can change your EOI at any time before we invite you to apply for a visa. You can’t make changes to your EOI after we invite you to apply for a visa. Stay lawful An EOI is not a visa application. Submitting an EOI does not mean you will get a bridging visa. If your current visa is close to expire, you must apply for another visa to remain in Australia lawfull

Receive an invitation to apply for the visa

You could receive an invitation any time within 2 years of submitting your EOI. If you are invited to apply for the visa, you will receive an email from SkillSelect. Receiving an invitation does not mean you will be granted the visa. If you are invited, you have 60 calendar days to apply for the visa. This time will not be extended. You must demonstrate that you can meet a minimum points score of 65 and satisfy all other eligibility criteria. If you can’t meet the points score and all other eligibility criteria, we will not grant you the visa. If you do not apply for the visa after two invitations, your EOI will be removed from SkillSelect. If you do not receive an invitation If you are not invited to apply within 2 years of submitting your EOI, your EOI will expire. We will send you an email when your EOI is about to expire. You will need to submit a new EOI if you still want the visa. You will not receive an invitation if you turn 55, unless the State or Territory government has determined your proposed business or investment activity will be of exceptional economic benefit

If you can’t meet the points score or other eligibility criteria

If you can’t show that you can meet the points score and satisfy all other eligibility criteria, you should not apply for the visa until you can.  If you want to update your EOI to better reflect your points score, you can do that after the 60-day invitation period. If this is your first invitation, you might be sent a second invitation after the 60-day invitation period. If this is your second invitation, you will have to submit another EOI if you still want the visa.

Help with your EOI

You don’t have to use a migration agent to apply for any visa.  If you do, you should use a registered migration agent.

Make sure you passports are up-to-date

You and your family members who are applying for this visa will need valid passports. If you plan to get a new passport, do this before applying. You will need to prove your identity, and provide documents about your proposed investment. You also need to provide documents about family members applying with you.

Provide accurate information

You are obliged to prove your identity and provide true information with your application.

Identity documents

You and family members who apply for the visa with you, must provide: Color copies of the pages of your current passport showing photo, personal details and passport issue and expiry dates. Also provide:

• a national identity card, if you have one
• proof of change of name, if applicable

Documents that prove a change of name include:

• a marriage or divorce certificate
• change of name documents from an Australian Registry of Births, Deaths and Marriages, or the relevant overseas authority
• documents that show other names you have been known by

Business, investments and assets documents

You must provide documents about your businesses, investments and assets. These documents are to prove that your investment is eligible for this visa.

Investor stream documents

An overview of your proposed business or investment intentions in Australia. This can include:

• a statement outlining your intended business or investment activities
• a description of your research or study in relevant sectors in Australia
• if applicable, a description of any current business activities in Australia, and the period of ownership

Evidence of ownership and net value of your business and personal assets

Provide:

• a Form 1139A Statement of Assets and Liabilities Position (SALP) for the last day of the 2 fiscal years before we invited you to apply for this visa. You must have assets of a minimum of AUD 2,250,000 at both of these dates to satisfy the standards of this visa.

Evidence to support the ownership of all assets and liabilities and their values on the dates of each SALP

This may include:

• for cash assets: bank statements, showing the account name and balance
• for real estate assets: title deed, valuation certificate by an accredited property valuer and mortgage statement.
• for personal loans: loan agreements showing the borrower and lender, loan statements showing the amount borrowed and repayment schedule.
• for stocks and bonds: share or debentures certificates, fixed interest securities, ownership and market price of claimed marketable securities such as bonds.
• for business assets: financial statements for every business, prepared by an independent accountant to International Accounting Standards, including a balance sheet, profit and loss statement, and notes to the accounts. Your share of ownership in each business must also be evidenced by documents such as:
  • historical company extracts
  • annual returns of directors and shareholders
  • partnership, trust or franchise agreements
  • purchase documents
  • share transfer documents.

If you want to include assets held by a trust, you must include a complete copy of the trust deed including all schedules.

Funds to be used to make the Designated investment

Provide:

• a list of the funds in your latest SALP that you intend to use to fund your AUD 1.5 million Designated Investment
• a summary describing how these funds were sourced from your qualifying business or eligible investment activities.
• evidence should also be provided of these sources where possible, for instance evidence of long‐term employment, profits earned and retained in your business, or investment yields

Management of a qualifying business or eligible investments

You must demonstrate a minimum of 3 years of owning and managing either:

• a qualifying business in which you held a minimum 10 per cent ownership; or
• AUD 1.5 million eligible investments (not including your home).

If you would like to prove your ownership and management of a qualifying business, provide:

• a summary statement of your management activities of the business covering a minimum of 3 years, including at least one of the 5 fiscal years before we invited you to apply for this visa
• evidence of your share of ownership of the business, such as:
  • historical company extract
  • annual returns of directors and shareholders
  • partnership, trust or franchise agreements
  • purchase documents; share transfer documents
• a few documents as evidence of your high level of skill in managing the business for the periods  covered in the summary statement
• an organisational chart of the business, showing direct management reporting lines and functional responsibilities
• a business registration certificate or licence

If you want to prove your ownership and management of eligible investments, provide:

• a summary of your management of eligible investments for a minimum of 3 years, including at least one of the 5 fiscal years before we invited you to apply for this visa
• a few documents as evidence of your high level of skill in managing the eligible investments for the periods covered within the summary statement.
• SALPs for any of the three years that have not been provided above
• evidence to support the ownership of all assets and liabilities and their values on the dates of each of the three SALPs provided (see above for samples of acceptable evidence).

Points test documents

Provide documents only for items you want points for in the Points Test.

English language ability

To be awarded points for English language ability you must demonstrate that you have either vocational English

Qualifications

Provide a Certified copy of the trade qualification, diploma or bachelor degree to claim points.

Net assets

Provide evidence of ownership of assets as at the 2 fiscal years prior to when we invited you to apply for the visa. Use Form 1139A Statement of Assets and Liabilities Position.

Business turnover

Provide a full set of financial statements for the business:

• for 2 of the 4 fiscal years before we invited you to apply for this visa
• prepared by an independent accountant to International Accounting Standards
• which includes a balance sheet, profit and loss statement and notes to the accounts

Turnover claims must be further supported by submitting VAT or Income Tax Returns for the business.

Business experience

Provide evidence that you have held one or more main businesses for:

• at least 4 years in the 5 years immediately before we invited you to apply for this visa
• at least 7 years in the 8 years immediately before we invited you to apply

Innovation

Registered patent or design

For a registered patent or design, give us evidence which proves that you own it. The relevant national or regional intellectual property administration office must issue this evidence. It must include enough information that we can assess whether your ownership meets the points requirement. Also provide a statement outlining how the registered patent or registered design has relevancy to your main business. This statement must also show how it is applied in the day-to-day activities of the business. You must be able to provide evidence to support any claims made in the statement if we ask you to.

Registered trademark

For a registered trademark, provide evidence that proves ownership of the trademark. The relevant national or regional intellectual property administration office must issue this documentation. It must include enough information that we can assess whether your ownership meets the points requirement. Also provide a statement outlining how the trademark is relevant to your main business. This statement must also show how it is applied in the day-to-day activities of the business. You must be able to provide evidence to support any claims made in the statement if we ask you to.

Joint venture agreement

For a joint venture agreement, provide a copy of the agreement showing:

• the details of the respective rights and obligations of the parties to the joint venture
• that you entered the agreement a minimum of one year before we invited you to apply for this visa
• that your business is a party to the joint venture

Also provide a statement outlining:

• how you used your skills at a senior level within the day-to-day management of the joint venture business
• evidence to support the claims made in the statement
• that the joint venture was operated in accordance with the joint venture agreement

Export trade

For export trade provide: Evidence that a minimum 50% of the turnover of your main business associated to export trade. This must be the case for a minimum of 2 of the 4 fiscal years before we invited you to apply for this visa. You could provide:

• monthly or annual tax returns showing the cumulative export sales of the main business for the year
• customs declarations
• the underlying source documents in relation to the export transactions

We might ask you to provide a special-purpose report prepared by a qualified accountant attesting to your claim.

Gazelle business

For a gazelle business, provide:

• evidence that your main business was registered no more than 5 years before we invited you to apply for this visa such as a business licence or company extracts
• the financial statements of the main business, with supporting tax documents, to show an average annualised growth in turnover greater than 20% per annum over 3 consecutive fiscal years

Also provide evidence that you have had 10 or more full-time employees for at least one fiscal year. This must be the same consecutive 3-year period claimed for growth in turnover. You could provide taxation records, insurance or superannuation documents or similar business records identifying each employee by name.

Receipt of grant or venture capital funding

To show receipt of grant or venture capital funding, provide:

• certified copies of a grant letter and bank records to show the transfer of a government grant of at least AUD 10,000 from the government to you or your main business
• a copy of the final contract between you and the venture capital firm. Also give us evidence of the receipt of the venture capital funding of a minimum of AUD 100,000.
• evidence that you received funding from either the government grant or a venture capital firm within the 4 years before we invited you to apply for this visa