BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) 188 VISA
The 188 Visa, known as the Business Innovation and Investment visa, comprises a set of temporary Skilled visas intended to enable successful business owners to invest in new or existing businesses in Australia. The program features five streams: Business Innovation, Investor, Significant Investor, Premium Investor, and Entrepreneur. Applicants must be nominated by a state or territory government or Austrade, and an invitation from the Department is also required after submitting an Expression of Interest. Each stream has specific eligibility criteria
188A Business Innovation Stream:
- Total annual turnover of at least $750,000 in two of the four years before applying. This figure is higher if looking to establish a business in Sydney.
- Demonstrated history of director role in a business.
- Overall successful business career.
- Aged under 55 (waivable).
- Points test score of at least 65..
188B Business Investor Stream:
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Genuine commitment to reside in the nominating State or Territory.
- Under 55
- Assets of $2.5 million.
- Highly demonstrable skills in investments
- Complying investments of at least $1.5 million for four years.
- Specific investments in emerging companies and managed funds
How should I Apply for a Business Innovation and Investment visa (Provisional) Subclass 188?
At EDT Migration, we simplify the visa application process unlike other migration law firms. Our team of experienced lawyers will guide you through each step, ensuring a swift processing of your application. Here’s our step-by-step procedure:
- Arrange a free consultation with our team of proficient lawyers. During this session, we will evaluate and recommend the Australian visa option that is most suitable for you.
- In this phase, we will collect and organize all necessary documentation, as well as conduct any additional checks required to submit a visa application.
- Following this, we will start to prepare your application and submit it promptly.
Meanwhile, if you are applying from within Australia, you will be granted a bridging visa until your current visa expires. This will allow you to work until a decision is made on your Business Innovation and Investment visa (Provisional) Subclass 188 application.
- Lastly, we will inform you of the result. If your application is successful, you will be granted the rights mentioned below.
To arrange an instant free consultation, leave your contact details in the form below, and we will be in touch shortly!