Business Innovation & Investment Subclass 188
Business Innovation & Investment Subclass 188 visas are for investors and business owners who wish to establish business operations in Australia. The 188 visa is valid for 4 years and 3 months and can lead on to the subclass 888 visa that gives permanent residency.
The steps involved
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- Submit an Expression of Interest to an Australian State or Territory. Some States can have unique criteria for nomination.
- The State, Territory or Austrade invites you to apply for the visa.
- Assemble the supporting documents and submit with your visa application through one of the 5 streams of the 188 visa.
The 5 streams of the 188 visa
Business Innovation – for business owners seeking to establish business operations in Australia.
Investor – for people who are willing to invest $1.5 million in an Australian State or Territory and maintain business and investment activity in Australia.
Significant Investor – for people who are willing to invest $5 million into complying investments in Australia and maintain business and investment activity in Australia.
Premium Investor – for people with significant funds who are willing to invest at least $15 million into complying premium investments in Australia and maintain business and investment activity in Australia.
Entrepreneur – for people who have a funding agreement from a third party for at least AUD200 000 to undertake a complying entrepreneur activity.