The subclass 188 Visa is for people who have a successful business or investment career, and have a genuine and realistic commitment to be involved in investing or business in Australia.
This visa is also the first step towards being granted a permanent Business Skills visa.
You must pay a non-refundable visa charge when you lodge the Expression of Interest (EOI).
Depending as to whether you apply for the Business Innovation stream or the Investor stream, you will need to satisfy the following requirements:-
If you apply for the Business Innovation stream, you and/or your partner combined must have:
If you apply for the Investor stream, you and/or your partner combined must:
You and/or your partner combined must also have had one of the following:
This visa is for investors/business people from overseas who are willing to invest funds in a business and/or designated investment in Australia for four (4) years.
You must lodge the Expression of Interest (EOI) before you can be invited to apply.
You must be less than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the relevant region.
You must score at least 65 on the Innovation Points test. Points are awarded for:
With this visa you can:
If you are in the Business Innovation stream, you can renew your visa for an additional two years, a renewal application must be lodged online and your state or territory government must confirm, in writing, that they continue to support you.