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Business Innovation and Investment (Provisional) visa (Subclass 188)

Business Innovation and Investment (Provisional) visa (Subclass 188) 

About Business Innovation and Investment Visa (Subclass 188)

The Business Innovation and Investment Visa (Subclass 188) is an Australian visa program designed for individuals seeking to establish and manage a business or make a significant investment in Australia. It offers a pathway to permanent residency for those with a strong entrepreneurial spirit. A Class Immigration and Education Consultants are here to guide you through this visa category. 

What This Visa Lets You Do

The Subclass 188 visa provides a range of privileges for eligible applicants: 

  • Business Establishment: You can establish a new business or develop an existing one in Australia. 
  • Investment Opportunities: Invest in Australian state or territory bonds, manage an eligible investment fund, or invest in a complying significant investment. 
  • Permanent Residency: This visa serves as a provisional visa with a clear pathway to permanent residency through the Business Innovation and Investment (Permanent) Visa (Subclass 888). 
  • Work and Study: Visa holders can work and study in Australia without restrictions. 
  • Access to Healthcare: Beneficiaries of this visa can access Australia’s world-class healthcare system. 

Requirements

To be eligible for the Business Innovation and Investment Visa (Subclass 188), you must meet specific requirements: 

  • Nomination: Applicants must be nominated by an Australian state or territory government agency or Austrade on behalf of the Australian government. 
  • Business or Investment Streams: You must choose one of the available streams: Business Innovation, Investor, Significant Investor, Premium Investor, Entrepreneur, or Business Talent. 
  • Age: There is no specific age requirement for this visa. 
  • Points Test: Applicants must score a minimum number of points on the points test. 
  • Health and Character: Applicants and their family members must meet health and character requirements. 

Eligibility Criteria

Additional eligibility criteria include: 

  • Demonstrated successful business or investment history. 
  • A genuine commitment to continue your business or investment activities in Australia. 
  • A willingness to reside in the nominating state or territory. 

Checklist

For a successful application, follow this checklist: 

  • Gather all necessary documents, including business plans, financial statements, and nomination documents. 
  • Complete the relevant application form and provide all required information. 
  • Pay the visa application fees. 
  • Lodge your visa application online through the Department of Home Affairs. 

Processing Time

The processing time for the Subclass 188 visa may vary based on individual circumstances and application complexity. For the most accurate processing time estimates, please visit the official Home Affairs website or consult with our immigration experts. 

For answers to frequently asked questions about the Business Innovation and Investment Visa (Subclass 188), please visit the official Home Affairs website. 

The Business Innovation and Investment Visa (Subclass 188) offers a pathway to success and permanent residency in Australia for entrepreneurs and investors. At A Class Immigration and Education Consultants, we are dedicated to providing expert guidance and support throughout the visa application process. 

Frequently Asked Questions

Eligible applicants include individuals nominated by an Australian state or territory government agency or Austrade on behalf of the Australian government

No, there are no specific age restrictions for Subclass 188. 

There are several streams, including Business Innovation, Investor, Significant Investor, Premium Investor, Entrepreneur, and Business Talent. 

Yes, eligible family members can be included in the visa application. 

Yes, applicants must score a minimum number of points on the points test to be eligible for this visa. 

Visa Subclass

Business Innovation and Investment (Permanent) Visa (subclass 888)

For entrepreneurs, investors and business owners to continue their activity in Australia.

Business Innovation and Investment (Provisional) Visa (subclass 188)

This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia

Business Talent (Permanent) Visa (subclass 132)

This visa allows you to establish a new or develop an existing business in Australia.

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