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