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Business and Significant Investor 188 Visas may open up from July 2023

There were some positive signs in recent months for the 188 Visa. These include that allocations have been announced of 1900 places for 2023, 2024 years.

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The Parkinsons’ Migration Review Final Report, while overall, having some negative comments did say that it could say there are some positive contributions by their Significant Investor Visa.

Competition between the states for high-quality 188 verse applicants:

In the 2023 migration program year just 810 places were allocated to the states, and this led to a very high competition. The result of this was most states increased their criteria above the minimum requirements from the Department of Home Affairs (DoHA). So, in this program, here, we could expect the same approach from the states and territories.This means that 188 Visa applicants may need to consider the different states and choose the one which suits their profile best.

It is likely that the most popular states, such as New South Wales and Victoria, will have high criteria that many applicants can’t meet. Some states may concentrate mostly on the Significant Investor Visa. With a modest number of places, available of up to 1900, states may also run out of allocations before the end of the program year on 30 June 2024. 

Here is some information about what happened last year for the 188 Visa:

There are also many potential 188 Visa applicants waiting to put a nomination in because last year’s programs closed early. It is going to be a case of the first in best dressed for the 188 visas. 

Please visit our website, fill in the questionnaire, and find out if you qualify for 188.


Australian Business and Significant Investor Visas Subclass 188 Closed - New Visa Expected in 2024! Read more here! 


Help from our experienced team:

Our team of experienced Immigration Lawyers and Migration Agents looks forward to assisting you with your business and investor visas.

Based in Adelaide, South Australia, we provide Australian Immigration advice to people and businesses from all over the world.

If you require further information regarding your Australia visa options, you can contact us through: (08) 8351 9956 or +61 8 8351 9956 or This email address is being protected from spambots. You need JavaScript enabled to view it.


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Sunday, 16 June 2024

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