Business Innovation and Investor Provisional Visas (Subclass 188)2019-02-14T01:40:16+00:00

Subclass 188

Business Innovation & Investor Visa

This is a four-year provisional visa for business owners and investors.

Subclass 188

Business Innovation & Investor Visa

This is a four-year provisional visa for business owners and investors.

Business Innovation and Investor Visa (Subclass 188)

This is a four-year provisional visa for business owners and investors. There are five streams namely Business Innovation, Investor, Significant Investor, Premium Investor and Entrepreneur.

What are the main requirements for the 188 visa?

  • be nominated by an eligible government organisation
  • be invited to apply for the visa
  • have experience in owning and operating a business (Business Innovation stream) or
  • have at least AUD1.5 million to invest (Investor stream) or
  • have at least AUD5 million to invest (Significant Investor stream) or
  • have at least AUD15 million to invest (Premium Investor stream) or
  • have a complying entrepreneurial activity (Entrepreneur stream)
  • meet additional requirements of the relevant stream

Business Innovation stream

This visa is for applicants 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.

What are the requirements for the 188 visa (Business Innovation stream)?

  • You must be under 55, unless you are invited state or territory to apply for the visa on the basis of having a business of exceptional economic benefit.
  • You must be nominated by a state or territory, or Austrade before being invited to apply for this visa.
  • You must have a successful business career and a genuine desire to continuously own and manage a business in Australia.
  • You must own personal and business assets of at least AUD 800,000.
  • You must score at least 65 on the points test CLICK TO TAKE THE POINTS TEST NOW!
  • You must have had no involvement in unacceptable activities.
  • You and your partner must have no involvement in business or investment activities that are generally considered unacceptable in Australia.
  • You and any family members who apply for the visa with you must meet the health requirement.
  • You and family members aged 16 years and over who apply for the visa with must meet the character requirement.
  • Applicants aged 18 years of age or older must have read the Life in Australia book and sign an Australian Values Statement.
  • Applicants aged 18 or over at the time of application must have at least functional English or pay the second instalment application fee.
  • You must have no debt to the Australian Government.
  • You must not have had a visa cancelled or a previous application refused as visa cancellation could affect your eligibility.

Investor stream

This visa is for applicants who want to make a designated investment of at least AUD 1.5 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.

What are the requirements for the 188 visa (Investor stream)?

  • You must be under 55 years of age, unless you are invited state or territory to apply for the visa on the basis that your investment will be of exceptional economic benefit.
  • You must first lodge an Expression of Interest (EOI) and if you are nominated by an Australian state or territory government you can apply for this visa.
  • You must have a genuine intention to live for at least 2 years in the state or territory in which you have made an investment.
  • You must have at least 3 years’ experience managing one or more qualifying businesses or eligible investments and a genuine commitment to your business investment or activity in Australia.
  • You must have managed investments of AUD 1.5 million or a qualifying business.
  • You must have assets of AUD 2.25 million which must be available for legal transfer to Australia within 2 years of the visa being granted.
  • You must make an investment of AUD 1.5 million in your nominating state or territory.
  • You must score at least 65 on the points test CLICK TO TAKE THE POINTS TEST NOW!
  • You must have had no involvement in unacceptable activities.
  • You and your partner must have no involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
  • You and any family members who apply for the visa with you must meet the health requirement.
  • You and family members aged 16 years and over who apply for the visa with must meet the character requirement.
  • Applicants aged 18 years of age or older must have read the Life in Australia book and sign an Australian Values Statement.
  • Applicants aged 18 or over at the time of application must have at least functional English or pay the second instalment application fee.
  • You must have no debt to the Australian Government.
  • You must not have had a visa cancelled or a previous application refused as visa cancellation could affect your eligibility.

Significant Investor stream

This visa is for applicants who are willing to invest at least AUD 5 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.

What are the requirements for the 188 visa (Significant Investor stream)?

  • You must first lodge an Expression of Interest (EOI) and if you are nominated by an Australian state or territory government you can apply for this visa.
  • You must make a complying significant investment of at least AUD 5 million when invited to apply and hold that investment for at least 4 years.
  • You and any family members who apply for the visa with you must meet the health requirement.
  • You and family members aged 16 years and over who apply for the visa with must meet the character requirement.
  • Applicants aged 18 years of age or older must have read the Life in Australia book and sign an Australian Values Statement.
  • Applicants aged 18 or over at the time of application must have at least functional English or pay the second instalment application fee.
  • You must have no debt to the Australian Government.
  • You must not have had a visa cancelled or a previous application refused as visa cancellation could affect your eligibility.

Premium Investor stream

This visa is for applicants for people who are willing to invest at least AUD 15 million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Applicants must be nominated by Austrade on behalf of the Australian government.

What are the requirements for the 188 visa (Premium Investor stream)?

  • You must be invited by Austrade to apply for the visa.
  • You must make a complying investment of at least AUD 15 million.
  • You and your partner must have net assets of at least AUD 15 million.
  • You must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.
  • You and any family members who apply for the visa with you must meet the health requirement.
  • You and family members aged 16 years and over who apply for the visa with must meet the character requirement.
  • Applicants aged 18 years of age or older must have read the Life in Australia book and sign an Australian Values Statement.
  • Applicants aged 18 or over at the time of application must have at least functional English or pay the second instalment application fee.
  • You must have no debt to the Australian Government.
  • You must not have had a visa cancelled or a previous application refused as visa cancellation could affect your eligibility.

Entrepreneur stream

This visa is for applicants who have a funding agreement from a third party for AUD200,000 or more to undertake a complying entrepreneur activity that will 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.

What are the requirements for the 188 visa (Entrepreneur stream)?

  • You must be under 55, unless you are invited state or territory because your proposed entrepreneurial activity is of exceptional economic benefit.
  • You must first lodge an Expression of Interest (EOI) and if you are nominated by an Australian state or territory government you can apply for this visa.
  • You must have competent English.
  • You must have a complying entrepreneurial activity.
  • You must receive funding of at least AU$200,000 from an approved entity.
  • You must be nominated by a state or territory, or Austrade before being invited to apply for this visa.
  • You and any family members who apply for the visa with you must meet the health requirement.
  • You and family members aged 16 years and over who apply for the visa with must meet the character requirement.
  • Applicants aged 18 years of age or older must have read the Life in Australia book and sign an Australian Values Statement.
  • Applicants aged 18 or over at the time of application must have at least functional English or pay the second instalment application fee.
  • You must have no debt to the Australian Government.
  • You must not have had a visa cancelled or a previous application refused as visa cancellation could affect your eligibility.

What are the benefits of this visa?

  • this visa lets you establish a new or develop an existing business and/or invest in Australia, make a designated investment with an Australian state or territory government, make and maintain complying investments in Australia or participate in a complying entrepreneurial activity in Australia
  • travel in and out of Australia for the life of your visa
  • bring members of your family unit with you to Australia
  • seek permanent residence by applying for a Business Innovation and Investment (Permanent) visa (subclass 888).

How we can help you?

Better Life Migration can help you navigate the complex legal maze to obtain a business visa. Our migration team has the expertise and experience to deliver complete immigration solutions.

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