AUSTRALIA BUSINESS VISA – Build Your Business In Australia Through The Australian Business Innovation And Investment Program
Australia Business Visa Brief Overview
Business-minded individuals are able to apply for these visas to build and develop businesses within Australia via the Australian Business Innovation and Investment Visa Program.
The Business Innovation and Investment Program is offered by the Australian Government as a method of contributing to the growth of the country’s economy. This visa allows business people to own, manage, invest, and conduct a business in Australia.
All 188 Visas are provisional residence and it is a 2 step process to permanent residence. All applicants for a 188 visa must be nominated by a State or Territory Government. There are several state nominated visa options available for migrants and different streams depending on whether you already own a business, want to start a business in Australia or if you want to invest in the state. There is a pathway to permanent residence after the subclass 118 through the permanent subclass 888. There are 2 Australia business visa streams that will be explained in this article.
Different Types of Australia Business Visa Streams
With this visa you can manage and own a business in Australia, conduct investment and business activity in Australia or undertake an entrepreneurial activity in Australia. There are various different stream but in this article we will be focusing
Australia Business Visa Temporary
- Business Innovation and Investment (Provisional) Visa Subclass 188
- Business Investor Stream Subclass 188B
Australia Business Visa Permanent
- Business Innovation and Investment (Permanent) visa subclass 888 (Business Innovation stream)
- Business Innovation and Investment (Permanent) visa subclass 888 (Business Investor stream)
Australia Business Visa Temporary
Benefits of obtaining Business Innovation and Investment (Provisional) Visa Subclass 188
- Stay up to 5 years
- Apply for PR through Subclass 888 once requirements are met
- Bring family members with you
Benefits of obtaining Business Investor Stream Subclass 188B
- Stay up to 5 years
- Apply for PR through Subclass 888 visa once requirements are met
- Bring family members with you
Learn more about the Australian Business Visa Subclass 188 and Subclass 188B
The Business Visa Subclass 188 is a temporary visa that allows you to operate a business or conduct investment activities in Australia.
Australia Business Visa – Subclass 188
This Australia business visa is for business owners who own or manage a new or existing business in Australia. It is a point tested application and applicants need to score a minimum of 65 points to be invited to apply. Points will be awarded based on your business turnover, your net assets, number of years of business experience, and your age, as well as a number of other factors. You must have a genuine intention to enter into business in Australia upon arrival.
If you want to own and manage a new or existing business or an investment in provisional Australia, or you want to undertake entrepreneurial activities, this visa is suitable for you.
This visa allows you to stay in Australia for 4 years and 3 months, and extendable.
To apply for this visa, you must first secure a nomination from an Australian state/territory government that you can obtain through the EOI.
- You must operate a new or existing business in Australia.
- An Australian state/territory government agency must nominate you to apply for this visa.
- You must invest a specific amount of money depending on your business.
- You must score at least 65 point in SkillSellect.
- You must be able to show proof of your business success (annual turnover, ownership stake).
- You have to show a total net business and personal assets of at least AUD 800,000.
Australia Business Visa – Subclass 188B
Investor Visa. This Australia business visa is for business owners or investors with at least AUD$2.25 million and the ability to invest AUD$1.5 million into a designated investment for a minimum of 4 years. The designated investment in Government Bonds and is guaranteed. You also need to score a minimum of 65 points to be invited to apply for this visa. Similar factors are assessed as for subclass 188A.
This visa is for entrepreneurs, investors and business owners who currently hold subclass 188, 444, or 457 visa and want to continue their business and activity in Australia.
This visa allows you to stay in Australia indefinitely.
- Hold a subclass 188, 444, or 457 visa.
- Meet business requirement.
- Be nominated by the Australian state/territory government agency.
- Have an annual business turnover of AUD300,000.
Australia Business Visa Permanent
Benefits of obtaining Business Innovation and Investment (Permanent) visa subclass 888 (Business Innovation stream)
- Stay in Australia permanently
- Work and study in Australia
- Continue your business activities that you may have started under your Business Innovation and Investment (Provisional) visa
Benefits of obtaining Business Innovation and Investment (Permanent) visa subclass 888 (Business Investor stream)
- Stay in Australia permanently
- Work and study in Australia
- continue your investment activities started under your Business Innovation and Investment (Provisional) visa
Learn more about the Australian Business Visa Subclass 888 Business Innovation stream and Investor stream
The Business Visa Subclass 888 is a permanent visa that allows you to operate a business or conduct investment activities in Australia.
Business Innovation stream – Subclass 888
This visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream stay permanently in Australia.
continue your business activities that you may have started under your Business Innovation and Investment (Provisional) visa
This visa allows you to stay in Australia permanently.
- hold, or in certain cases must have held a Business Innovation and Investment (Provisional) visa in the Business Innovation stream, a Business Innovation and Investment (Provisional) visa in the Business Innovation Extension stream, a Special Category visa, or, in some cases, a subclass 457 visa
- meet certain business requirements
- have a current nomination from an Australian state or territory government agency
Investor stream – Subclass 888
This visa lets holders of a Business Innovation and Investment (provisional) visa (subclass 188) Investor stream continue your investment activities in Australia permanently.
This visa is for entrepreneurs, investors and business owners who currently hold subclass 188, 444, or 457 visa and want to continue their business and activity in Australia.
This visa allows you to continue your investment activities started under your Business Innovation and Investment (Provisional) visa
This visa allows you to stay in Australia permanently
This visa allows you to work and study in Australia
- Hold a subclass 188, 444, or 457 visa.
- Meet business requirement.
- Be nominated by the Australian state/territory government agency.
- Have an annual business turnover of AUD300,000.
Australian Business Visa Application Stream
Plan Your Migration Process Professionally
Schedule an appointment with our migration agent to discover the visa option best suits you and plan the step by step strategy.
Get Your Plan Going
Together we will make your migration dream come true by crafting a decision-ready working visa application for you which results in an improved chance of being granted a business visa.
Live Your Dreams
The Australian business visa is now in your hand. Enjoy your dreams that has now become true.
Is it hard to get Australia Business Visa? Here are several questions that you might have in your mind about Australia Business Visa
How much do I need to invest to get an Australia Business Visa?
- To get an investor stream you must invest AUD 1.5 million in an Australian State or Territory.
- To get a significant investor stream you must at least AUD 5 million in complying significant investments in Australia.
- To get this visa for premium investor stream you must invest AUD15 Million in Australian investments and/or philanthropic contributions that meet certain requirements.
- And to get this visa for the entrepreneur stream, you must have a funding agreement with a third party to carry out entrepreneurial activities.
How much do I need to invest in Australia to get PR?
If you have a provisional Business innovation and investment (provisional) visa, you will be eligible for permanent residence after establishing your business. The eligibility is own a business with a turnover of at least AUD 750,000 for at least 2 of the last 4 fiscal years and net personal and business assets of at least AUD 1,500,000.
Can I stay in Australia if I have a business?
Yes, Visa Subclass 188 allows you to own and manage a business in Australia. Australia business visa also allows you to conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia. With this Australia business visa you can stay up to 5 years in Australia and you can apply for Business Innovation and Investment (Permanent) visa Subclass 888 to stay permanently in Australia as a Permanent Resident.
How can I get PR for my business in Australia?
You can apply for Business Innovation and Investment (Permanent) visa Subclass 888 to stay permanently in Australia as a Permanent Resident. The eligibility for this Australia business visa is you must hold, or in certain cases must have held a Business Innovation and Investment (Provisional) visa in the Business Innovation stream, a Business Innovation and Investment (Provisional) visa in the Business Innovation Extension stream, a Special Category visa, or, in some cases, a subclass 457 visa. You should meet certain business requirements and have a current nomination from an Australian state or territory government agency.
Ready to start your Business Visa application?
DHA recommends for people who wants to obtain Australian visa seeks migration agent help for their visa application to reduces the risk of refusal. We are here ready to help you so you don’t waste your money, time and chances migrating to Australia.
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