What are the application conditions of Australia 188A entrepreneurial immigrants?

According to the Australian Investment Immigration Act 188a, applicants who want to start their own businesses and immigrate to Australia also need to meet the following conditions:

1. The principal applicant is under 55 years old and has no criminal record;

2. The net assets of individuals and families under the name of husband and wife are more than 800,000 Australian dollars;

3. In two of the past four fiscal years, the company achieved an annual turnover of more than 500,000 Australian dollars;

4. In the past four fiscal years, in two fiscal years, the shareholding ratio of husband and wife exceeded 30% (listed

Company10%);

5. The score of business selection system (eoi) is not less than 65 points.

Compared with Australia 188c investment immigration project, the application conditions are relaxed, and only 5 million Australian dollars are required to immigrate. 188a entrepreneurial immigrants still have requirements on the applicant's age, business background and score.