Business Innovation and Investment (Provisional) Visa (Subclass 188)
Overview
The Subclass 188 Visa is a temporary business visa that allows eligible individuals to establish or operate a business, make qualifying investments, or engage in entrepreneurial activities in Australia. It also provides a pathway to permanent residency through the Subclass 888 – Business Innovation and Investment (Permanent) Visa.
Streams Under Subclass 188
Australia offers multiple pathways under the Subclass 188 Visa, depending on your investment capacity, business experience, and goals.
1. Business Innovation Stream
- For entrepreneurs with strong business skills who wish to establish or manage a business in Australia.
- Key Features:
- Temporary visa with option to extend.
- Requires state or territory nomination.
- Eligibility Criteria:
- Score 65+ points on the SkillSelect points table.
- Own personal and business assets of at least AUD 800,000.
- Operate a successful business with an annual turnover of AUD 500,000 (for at least 2 years).
- Be under 55 years of age (waivers possible).
- Application Process:
- Calculate points (SkillSelect).
- Submit Expression of Interest (EOI).
- Secure state/territory nomination.
- Receive an invitation to apply.
2. Investor Stream
- For individuals willing to invest AUD 1.5 million in Australian state or territory bonds.
- Processing Time: ~20–21 months
- Eligibility Criteria:
- Invest AUD 1.5 million in state/territory bonds.
- Own assets worth at least AUD 2.25 million.
- Have experience managing successful investments/businesses.
- Be under 55 years (unless waived).
- Meet English, health, and character requirements.
4. Entrepreneur Stream
- For innovators who have secured AUD 200,000 in funding from an approved entity to conduct entrepreneurial activities in Australia.
- Eligibility Criteria:
- Secure AUD 200,000 in funding.
- Be under 55 years (unless waived).
- Have competent English.
- Be nominated by a state/territory.
- Meet health and character requirements.
Key Benefits of Subclass 188 Visa
- Establish, operate, or invest in businesses in Australia.
- Pathway to permanent residency via Subclass 888.
- Include eligible family members in your application.
- Access Australia’s dynamic economy and entrepreneurial ecosystem.
Why Choose CG Migration Services?
At CG Migration Services, we make the Subclass 188 journey seamless by providing:
- Expert guidance through the points-based assessment & EOI submission.
- Assistance with state/territory nomination applications.
- End-to-end document preparation and visa lodgement support.
- Regular updates on eligibility, requirements, and processing.