AUSTRALIA BUSINESS VISA – Build Your Business In Australia Through The Australian Business Innovation And Investment Program
Business-minded individuals are able to apply for visas to build and develop businesses within Australia via the Australian Business Innovation and Investment 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 are 2 Australia business visa streams that will be explained in this article.
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.
Australia Business Visa 188 Basic Eligibility
- 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.
Australia Business Visa 188B Basic Eligibility
- 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.
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 Australia Business Visa for investor stream you must invest AUD1.5 million in an Australian State or Territory.
- To get an Australia Business Visa for significant investor stream you must at least AUD 5 million in complying significant investments in Australia.
- To get an Australia Business Visa for premium investor stream you must invest AUD15 Million in Australian investments and/or philanthropic contributions that meet certain requirements.
- And to get an Australia Business Visa for 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 Australia business visa (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, Business Innovation and Investment (Provisional) 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.
Don’t Risk For An Australian Business Visa Refusal
Applying for an Australian visa, especially for a business visa, is complex and time consuming. Do not underestimate the complexity of the business visa application process. If your business visa application is refused you will face emotional stress and financial hardship. Below are some challenges in preparing Australian business visa application:
The requirements are too complicated and are constantly changing
The amount of paperwork is extensive, overwhelming and there are no straightforward answers
You will need to dedicate a good amount of time to understanding the the process and preparing the application
All the research you have done on the internet is contradicting to each other
You are not sure of which visa subclass you should apply for
WHAT IF your application gets refused, have you considered the extra costs, time and stress to get it fixed
As a reputable Migration Agency we always deliver a “decision ready” application. Our Registered Migration agent personally reviews the quality of your application to ensure it meets the Department of Home Affairs requirements and standard. This will ensure faster processing time and minimise the risk of getting a refusal. We will not accept your appointment as your Migration Agent if you are not eligible for an Australian Business Visa
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Together we will make your migration dream comes true by crafting a decision-ready business visa application for you which resulting in improved chance of being granted a business visa.
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As one of the most prominent Migration Agents in Perth we strive to achieve the most preferable Australian Visa outcomes for our clients. With more than thousands of Australian Visa approvals, our results speak for themselves. Our agency is professional, efficient and trustworthy. Should you not qualify to apply for a Visa to Australia, we will make some recommendations for you based on your current circumstances and budget.
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