188 Business Innovation and Investment Visa

Overview

 

The Australian Business Innovation and Investment (Provisional) visa (subclass 188) is a temporary business visa with seven streams.

This temporary visa is an attractive business visa as it allows business migrants to conduct business and investment activity in Australia or undertake entrepreneurial activity in Australia. Moreover, if you have ownership interests, the subclass 188 business visa will allow you to own and manage a qualifying business in Australia.

While the 188 Business Innovation and Investment visa is a temporary visa, subclass 188 visa holders can apply for permanent residency through the subclass 888 Business Innovation and Investment visa.

 

Who Needs This Visa?

The subclass 188 Business Innovation and Investment visa is a temporary residence visa that allows overseas business migrants to stay in Australia for up to four years. Once you have been granted your visa you will be allowed to conduct business and investment activity in Australia


Due to having seven streams and the option to apply for permanent residency, the Business Innovation and Investment subclass 188 is an attractive visa for many entrepreneurs and investors.

 

General Requirements - 188 Checklist

 

There are three basic requirements that all 188 Business Innovation and Investment applicants must meet include:

 

  • Being nominated by an eligible government organization
  • Being invited to apply for the visa
  • Meeting  stream requirements

 

Whether you have a product or service, an innovative idea, a qualifying business or an eligible investment, the Australian government will request supporting documents about your personal and business history. Additionally, The Department of Home Affairs requires Business Innovation and Investor stream applicants to meet a points test requirement of 65 points before completing the application.

The Seven Available Streams

 

There are SEVEN streams within the subclass 188 Business Innovation and Investment visa. Your proposed business activity in Australia will depend on which visa you should apply for.

Business Innovation stream

This temporary visa is for people with business skills. It lets you operate a new or existing business in Australia.

 

Business Innovation Extension stream

This temporary visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream extend their stay for 2 more years.

 

Investor stream

This temporary visa requires you to invest AUD 1.5 million in an Australian state or territory and maintain business and investment activity in Australia.

 

Significant Investor stream

This visa is for people who invest AUD 5 million in Australian investments that meet specific requirements and maintain business and investment activity in Australia.

 

Significant Investor Extension stream

This visa lets Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay for 2 more years.

 

Premium Investor stream

This visa is for people who are nominated by Austrade and who invest AUD15 million in Australia.

 

Entrepreneur stream

This visa lets you carry out entrepreneurial activities in Australia. You can stay for up to 4 years and 3 months.

 

While holding the subclass 188, visa holders in any stream can apply to the Department of Home Affairs for the permanent Business Innovation and Investment (Permanent) visa (subclass 888).

 

*Click on the relevant streams above to learn more about the visa criteria and application process.


Processing Times

 

The Department of Home Affairs has listed each stream as having different processing times.

 

Processing times for each stream are as follows:

 

Subclass 188 Streams

Processing Times

Business Innovation stream

75% of applications: 18 months
90% of applications: 20 months

Business Innovation Extension stream

There are no standard processing times available for this stream.

Investor stream

75% of applications: 19 months
90% of applications: 23 months

Significant Investor stream

Unavailable due to a low volume of applications.

Significant Investor extension stream

There are no standard processing times available for this stream.

Premium Investor stream

Unavailable due to a low volume of applications.

Entrepreneur stream

Unavailable due to a low volume of applications.

 

How can Work Visa Lawyers help?

Work Visa Lawyers can help assist you through the application process. We will help to assess your eligibility for the different streams under the subclass 188 Business Innovation and Investment visa.

 

We will work closely with you to determine which stream is the most suitable for your situation, Work Visa Lawyers will make sure that you are aware of all Australian business and investor visa requirements.


Once you have been granted your visa, we can provide you with a 188 visa checklist ensuring you understand all of the Australian business and investor visa requirements and obligations while you are holding the visa.


Our relationship does not stop after you successfully obtain your visa. We understand the importance for you and your family to meet the requirements to apply for the permanent subclass 888 visas.

 

We are proud to inform you that our Registered Migration Agents will be able to support you in meeting the application requirements for the permanent subclass 888 visas.

Our team of experience Immigration Lawyers and Migration Agents look forward to assisting you with your Australian visa or appeal.

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

 

Talk to us today and let Work Visa Lawyers set you on the most efficient path to Australian permanent residency through business or investment migration.

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