Subclass 188 is a temporary business innovation and investment visa issued to foreigners who plan on investing or operate a new or existing business in Australia. Subclass 888 is a permanent residency visa for those who hold a five-year provisional subclass 188 visa and looking to continue to own and manage a business or an investment activity in Australia and Australian state or territory respectively. The applicant might not be eligible for this visa (subclass 188) if she or he has had a visa cancelled or refused while you were in Australia.
Basic Eligibility
- At least 65 on the point test and submit expression of interest (EOI) in SkillSelect
- Nominated by a State or Territory government agency or Austrade (the links below)
- New South Wales: https://www.nsw.gov.au/visas-and-migration
- Canberra: https://www.act.gov.au/migration
- Victoria: https://liveinmelbourne.vic.gov.au
- Queensland: https://www.migration.qld.gov.au
- South Australia: https://www.migration.sa.gov.au
- West Australia: https://www.migration.wa.gov.au
- Tasmania: https://www.migration.tas.gov.au
- Northern Territory: https://nt.gov.au
- Less than 55 years old when invited to apply for the visa
- No a visa cancelled or refused while in Australia
188B Investor Stream
You must
Meet Basic eligibility requirements, and
- Provide proof of at least 1 of the 5 fiscal years immediately before invited, directly managed
- A qualifying business with at least 10% ownership interest by you or your partner or both
- A eligible investment of at least AUD 2.5 million owned by you or your partner or both
- Provide evidence of business and personal assets the 2 fiscal years immediately before invited to apply
- a net value of at least AUD$2.5 million
- make and hold complying significant investments of at least AUD2.5 million continuously for 5 years
1. at least AUD500,000 in venture capital and growth private equity funds;
2. at least AUD750,000 in approved managed funds*;
3. a balancing investment’ of at least AUD1.25 million in managed funds*
- Have at least 3 years' experience managing one or more qualifying businesses or eligible investments
- Have a successful record of eligible investment or qualifying business activity
- Stay and reside in Australia for up to 5 years
- Apply for a permanent visa 888 if certain criteria are met
188D Entrepreneur Stream
Consultation by individual case only
The Business Skills Point-Test System
Calculation table of the points
