Subclass 188/888 – Entrepreneur stream
Under the Entrepreneur stream, Migration Tasmania is seeking interest from entrepreneurs to develop an endorsed innovative business concept and undertake entrepreneurial and/or start-up activities in Tasmania.
Your business concept must promote innovation and new technology, or enhance industry capability and:
- be an untested or unknown business model or
- include the ability to scale up and down without significant human resources
When considering proposals, Migration Tasmania will also give high regard to the following:
- Activity related to one or more of the following sectors
- renewable energy (including hydrogen and bio energy).
- bio renewal/waste recycling (including circular economy)
- defence and space
- aquatech, agtech and marinetech
- robotics, advanced and additive manufacturing
- digital technology, including cyber security, big data, blockchain and lot internet of things)
- health and medical technology, particularly those that support current research projects (i.e. dementia, population health studies, survival in extreme environments)
- creative industries.
- The business concept demonstrates a clear, competitive advantage, genuine innovation, novel intellectual property, or high barriers to entry.
- Entrepreneurs with higher academic degrees such as master’s degrees and/or PhDs relevant to the proposed entrepreneurial activity.
- The business concept has strong potential to create local employment, new skills and/or export revenue for Tasmania.
Proposals related to the following business areas will generally be excluded under the Entrepreneur stream:
- cafés and restaurants
- consulting firms/companies
- employment agencies
- export/import businesses/companies
- foot reflexology
- massage parlours
- traditional chinese medicine
- herbal dispensing
- residential real estate or labour hire
- purchase of an existing business or franchise.
To be nominated under the Entrepreneur stream for a subclass 188 visa you must:
- be able to meet the Department of Home Affairs visa requirements for the Entrepreneur stream
- demonstrate in-depth knowledge, expertise, or a track record in developing the product or service you are targeting
- provide personal funding contribution of at least AUD 50,000 towards the proposed entrepreneurial activity
- demonstrate that you have sufficient funds to settle in Tasmania
- if currently in Australia, hold a visa with work rights that will allow you to engage in the proposed business concept in Tasmania while waiting for the outcome of a subclass 188 visa application
- intend to live in Tasmania and contribute to Tasmania’s economy and community while you hold a subclass 188 visa associated with Tasmanian nomination, and
- You must agree to the nomination undertakings.
If you need an age waiver:
Requests for age waiver under the Entrepreneur category will be considered on a case by case basis and supported in exceptional circumstances only. You must demonstrate why your proposal would be of exceptional economic benefit to Tasmania.
- Ensure you meet all the requirements set out by the Department of Home Affairs (Home Affairs) for the Entrepreneur stream.
- Ensure you meet the Tasmanian nomination requirements (see Nomination Criteria tab).
- Register your interest via the online form. Registrations will be retained for three months and only the strongest business proposals will be selected from the register to apply for nomination.
- You will be contacted by Migration Tasmania if you are invited to apply for nomination. Invitations are valid for 30 days.
- See Document Checklist tab for details on what you may be asked to provide with your application.
- If your application is successful, Migration Tasmania will notify you by email and confirm your nomination in SkillSelect.
- You will then have 60 days to lodge an application for a subclass 188 visa with Home Affairs. State nomination does not guarantee that a visa will be granted.
It is recommended that you obtain independent and professional legal and financial advice before investing or undertaking business activity.
For further information on this stream please refer to the Frequently Asked Questions.