INDAH MELINDASARI, B.Com MARN 0961 448 | UPDATED MAY 2019
SHARE THIS INFORMATION
Business Investor Stream Subclass 188B Visa Brief Overview
This is a temporary visa that lets you stay in Australia for up to 4 years and 3 months. To stay permanently, you can apply for a permanent residency through the Business Innovation & Investment (Residence) Subclass 888 visa.
Where should I apply? In or outside of Australia?
You can be either in Australia or overseas when you lodge your application or when the visa is decided, but not in immigration clearance. Remember that you must hold a substantive visa, Bridging A, B or C visa, if you are in Australia.
Business Investor Stream Subclass 188B Basic Eligibility
You must be nominated by an Australian State or Territory government and you must lodge an Expression of Interest (EOI) through SkillSelect;
You must have an investment or a business;
You must be willing to invest AUD 1.5 million in Australian State or Territory Government bonds;
You must have a business with personal net assets with at least $2.25 million AUD in the last 2 fiscal years;