Australia, the largest country in Oceania and the world’s sixth-largest country by total area has plenty to offer. Enjoy high-quality life, low population level, with low pollution and plenty of fresh air along with some great natural landscapes, beautiful scenery, are the things which make people choose this country as their home.
Australia has six states—New South Wales (NSW), Queensland (QLD), South Australia (SA), Tasmania (TAS), Victoria (VIC) and Western Australia (WA)—and two major mainland territories—the Australian Capital Territory (ACT) and the Northern Territory (NT).
This beautiful multiculturally diverse country, with multi-ethnic backgrounds total a little over just 25million people.
Australia boasts high quality of life, great natural landscape beautiful scenery, economic, political and social stability. Despite cultural diversity and multi-ethnic society, the country is steadily developing and improves living standards for its citizens. The country operates dozens of Visa streams, envisaging issuance of residence status.
There are many types of visa available to visit, live and work in Australia, like visitor, student, family and partner, business owner, investor, retirement, medical, refugee and humanitarian, working and skilled, distinguish talent, employer sponsored and many other kind of visas. But one of the most wanted visas are Business Innovation and Investment (Provisional) visa, subclass 188, which has the following streams: Business Innovation stream, Investor stream, Significant Investor stream, Business Innovation Extension stream, Significant Investor Extension stream, Premium Investor stream and Entrepreneur stream, each with different stay requirements, eligibility criteria and conditions.
This is a state nominated provisional residence visa for business owners, investors and entrepreneurs. It is the first step in a two-step pathway to permanent residency, which can lead to the Australian citizenship.
Benefits
- The right to live and work in Australia.
- Family inclusion.
- Pathway to the Australian citizenship.
- Access to free public healthcare and education.
- One of the best high education systems in the world.
- Business expansion and property ownership opportunities.
- Safety and high quality of life.
- Wonderful scenery and pleasant climate.
- Immigrant-friendly multicultural society.
- Compulsory 10% superannuation or pension payable by employers.
Investment Options
Business Innovation and Investment (Provisional) Visa Options – Sub Class 188
Category Stay Conditions You Must Business Innovation stream Up to 4 years and 3 months. You must operate a new or existing business in Australia.
You must be nominated by an Australian State or Territory government agency.
Score at least 65 on the points test
Provide proof of your business success (annual turnover, ownership stake)
You, your partner, or you and your partner together, have total net business and personal assets of at least AUD800,000
Investor stream Up to 4 years and 3 months. You must invest AUD1.5 million in an Australian State or Territory.
You must be nominated by an Australian State or Territory government agency.
Make an investment of AUD1.5 million in an Australian State or Territory
Score at least 65 on the points test Have net business, investment and personal assets of at least AUD2.25 million
Significant Investor stream Up to 4 years and 3 months. You must invest at least AUD5 million in complying significant investments in Australia. You must be nominated by an Australian State or Territory government agency or Austrade. be invited to apply for this visa
be nominated by a State or Territory government agency or Austrade to invest at least AUD5 million that meets certain requirements and have a genuine intention to hold that investment for at least for 4 years
have a genuine intention to live in the State or Territory whose government agency nominates you
Business Innovation Extension stream Stay 6 years after the date of the grant of the original Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream that you held at the time of application Extend your stay for up to 2 more years.
This means you can stay in Australia for a total of 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188). You must hold a Subclass 188 visa in the Business Innovation stream.
You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
You must be nominated by an Australian State or Territory government agency
old a Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream have held the Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream for at least 3 years not have held more than one Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream visa be nominated by a State or Territory government agency Significant Investor Extension stream Extend stay for up to 4 years Extend your stay for up to 4 more years. This means you can stay in Australia for a total of 8 years from the date of grant of your Subclass 188 visa in the Significant Investor stream.
You must hold a Subclass 188 visa in the Significant Investor stream for at least 3 years, or a Subclass 188 visa in the Significant Investor Extension stream.
You cannot have held more than 1 Subclass 188 visa in the Significant Investor Extension stream. You must be nominated by an Australian State or Territory government agency or Austrade.
hold a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream and have held that visa for at least 3 years; or
hold a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor Extension stream and not have held more than one of these visas
be nominated by a State or Territory government agency or Austrade
Premium Investor stream 4 years and 3 months You must invest AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements.
You must be nominated by Austrade.
be nominated by Austrade
be invited to apply for this visa invest at least AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements
have a genuine intention to hold the investment for the whole period of the visa (except any part of the investment that is a philanthropic contribution)
Entrepreneur stream 4 years and 3 months You must have a funding agreement with a third party to carry out entrepreneurial activities.
You must first be nominated by an Australian State or Territory government agency.
Undertake, or propose to undertake, a complying entrepreneur activity in Australia
have a funding agreement of at least AUD200,000 to carry out entrepreneurial activity in Australia
show us a business plan for your entrepreneurial activity have at least competent English
Note: Above mentioned terms and conditions are subject to change without prior notice depending on Government
Skilled Migration Application Process
Check
Your occupation is on the skilled occupation
Submit
Submit an expression of interest
Wait
Wait for invitation to apply for this visa
Gather
Gather your documents
Apply
Apply for visa within 60 days of invitation