188E Entrepreneur

Criteria:

• Meet all criteria outlined by the Department of Home Affairs.

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• 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.

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• Provide the business plan that will be presented to Department of Home Affairs as part of the state nomination application.
  - Therefore, this should be the final intended version and not a draft or incomplete business plan.
  - ​There should be evidence that the complying entrepreneur activity is, or will be, of economic benefit to South Australia.

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• Provide a statement outlining how you intend to maintain an ongoing relationship with the South Australian Government and with South Australia in general during the period of your subclass 188 visa.

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• Show sufficient net business and personal assets either alone, or together with a spouse/de facto partner, to support your settlement in South Australia.
  - This requires the same financial capacity required for South Australian general skilled migration (GSM) state nomination.  See no.7, “Financial Capacity” under the GSM skilled state nomination requirements.
  - For Australian international graduates, it is permissible to claim financial support from your parent(s), who will need to complete a Financial Capacity Declaration.

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For the South Australian Government to maintain its support ahead of the potential permanent visa available via the subclass 888, we would ask successful visa applicants to:

• meet with Immigration SA within two months of arrival (or visa grant if an onshore applicant).

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• meet with Immigration SA at least every 12 months during the course of the 188 visa. The purpose of these meetings are for the visa holder to outline their progress, and to learn where the South Australian Government may be able to assist with advice.

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• have their principal place of residence in South Australia.

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• have the primary physical location of their business (if applicable) in South Australia, noting that entrepreneurial activity may extend across interstate borders and internationally.