Business Innovation & Investment (Provisional) (subclass 188) Visa
Business innovation & investment visa is for people who want to migrate to Australia and have successful business or investment history. Subclass 188 is a provisional visa with pathway to permanent residence (Subclass 888) once all conditions of the provisional visa is met for specified time as per legislation which include owning and running business in Australia or maintaining investment activities as per relevant visa stream.
Subclass 188 visas are available in four streams.
Business Innovation stream (188A):
People who wish to operate a business in Australia can apply for this visa.
Investor stream (188B):
This visa requires applicants to invest a minimum of 2.5 million dollars in Australian. The applicant must invest in Australian bonds for four years and meet other requirements.
Significant investor stream (188C):
This visa requires at least 5 million in Australian investment in a structured manner as required by legislation. The applicant must make the required investment for 4 years in a structured manner as outlined in legislation to qualify for a permanent visa.
Premium investor stream (188D)
This visa required at least 15 million investments in Australian investments and/or philanthropic as required by legislation. The applicant must make the required Australian investment for 4 years and 3 months (visa duration).
Is there a point test or minimum age criteria for a business visa?
All streams other than Significant investor (SC 188C) and Premium investor (SC 188D) require point test and age criteria to be met.
Which stream has the lowest investment requirements among all available business visa streams?
Business visa streams (SC 188A) usually have the lowest fund requirements.