Tag: Business Visa

People with Business skills who wanted to expand their business globally and own an existing business, they can get Australian permanent residency. Australia is offering a unique and family-friendly lifestyle with a high standard of living, social mobility and excellent educational opportunities.
Australia has the most stable economic and political environment where you can invest your savings to expand your business and live your life to the fullest.
If you want to run a business or invest in an existing business within Australia, visa subclass 188 allows you to do that. This business investment visa can be upgraded into permanent status via applying for a subclass 188 visa.

Basic Eligibility

The application process of the subclass 188 business investment visa follows below eligibility criteria:

  • Submit an expression of interest.
  • Apply for nomination by the State or Territory government agency or Austrade
  • visa application submission.

Business investment visa -subclass 188 have Several Streams you can go with:

Business innovation stream

This provisional visa for those people who want to own, develop, and manage a new business or exciting business in Australia. You should have a nomination by an Australian State or Territory government agency.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 5,375

Investor stream

The minimum amount of investment required is 1.5 million AUD in an Australian State or Territory. The applicant for this business investment visa also needs to continue investment activity in Australia.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 5,375

Significant investor stream

In the case of this business investment visa, the minimum investment is 5 million AUD in a new or an existing business in Australia. Active investment is required.

  • You can stay up to 4 years and 3 months.
  • Cost of Investment from AUD 7,880

Business Innovation Extension stream

Holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream can prolong their stay in Australia for an additional two years, or up to four years if COVID-19 concessions apply.

  • You can stay in Australia for a total of six years from the date your Subclass 188 visa in the Business Innovation stream is granted.
  • You can only hold one Business Innovation and Investment (Provisional) visa (subclass 188) at a time
  • Cost of Investment from AUD645.

Significant Investor Extension stream

Holders of a Business Innovation and Investment (Provisional) visa (subclass 188) significant Investor stream can prolong their stay in Australia for up to four years with this provisional visa.

  • You can stay in Australia for a total of eight years from the date of Subclass 188 in the Significant Investor Extension stream is granted.
  • You cannot hold more than one 1 Subclass 188 visa in the Significant Investor Extension stream.
  • Cost of Investment from AUD645.

Premium Investor stream

This provisional visa is for those applicants who are nominated by Austrade and who require to invest at least AUD15 million in Australian investments and/or philanthropic contributions.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 9,455

Entrepreneur stream

This provisional visa allows you to carry out entrepreneurial activities in Australia. You should initially be nominated by an Australian State or Territory government agency.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 4,045

Reference

For legit businessmen who wanted to start a new business in Australia, or wanted to invest in Australia.

The Australian government provided many visas like 188 Visa that are specially made for Business Men. Genuine businessmen can take the benefits of all these Australian visas. The requirements for applying are very rigid. Appearing for visas can be tough although it tends to be done particularly if the business is set up and genuine.

Provisional 188 visa is a state-designated provisional visa that is valid only for 4 years. It is also a way for permanent residency, through the Business Innovation and Investment (Permanent) (subclass 888) visa.

Validity for 188 Visas

The validity of a short-stay visa is for up to 3Months only, which can not be extended. You are allowed to stay in Australia until the immigration department will give you the next date. Other visas are the way to permanent residency yet necessities should be met before PR visas are allowed.

There are other ways to get permanent residency, all you need to fulfil all the requirements before granting you the PR Visa. 

How this Visa works

Business Visa-188 (Provisional) can be given to those businessmen who want to set up a new business or wanted to invest in Australia. These visas can be a perfect way to get PR in Australia.

  • The Business Innovation stream for those businessmen who own a business and managing the existing business in Australia.
  • The Investor stream is beneficial for those people who are ready to make the investment of at least 1.5 million AUD in an Australian state or territory.
  • The Significant Investor stream is for those persons who will invest at least AUD 5 million into consenting interests in Australia after the original investment has matured.

Requirements:

  • Submit your application before applying for the visa 
  • You should have a strong business and investment history 
  • Proof of adequate business
  • You should be nominated by the state or territory government.

These are the 3 streams and their timeframe for Nomination:

  • 2 weeks for Business Innovation stream 
  • 1 week for Business Investor stream 
  • 1 week for Significant Investor stream

Investor Stream

These are the things that you have if you are applying:

  • Must be younger than 55 years of age.
  • Need to score at least 65 Innovation Points on the test.
  • Have a high level of management skill
  • Have at least 3 years of experience of direct involvement.
  • have total assets of at least AUD2.25 million for the 2 fiscal years immediately before you are invited to apply.

Business and Innovation Stream

  • Should be younger than 55 years of age,
  • Scored at least 65  Innovation Points on the test
  • have a total annual turnover of at least AUD500 000 in at least two of the 4 fiscal years immediately before you are invited to apply
  • Percentages of two main businesses:

You should own at least:

  1. 51% of business with a turnover of less than AUD400 000 per annum
  2. 30% of a business with a turnover of more than AUD400 000 per annum
  3. 10% of a publicly-listed company

Significant Investor Stream

If you are choosing a significant investor stream then prepared to invest at least AUD5 million for the following ‘complying investments’:

  • Commonwealth, state or territory government bonds
  • Need to manage funds that mandate for investing in Australian assets.
  • Manage the funds related to infrastructure projects in Australia, bonds issued by Australia state or territory government, trusts listed in any Australian Stock Exchange, real estate in Australia, Australian agribusiness or ASIC regulated fund & investments
  • Direct investment into private Australian organizations not listed on any ASX. You must obtain an ownership interest in the company. The company must:
    • Genuinely operated business in Australia
    • Company should be registered with ASIC
    • Company should have an Australian Business Number (ABN).