SUBCLASS 188BBusiness investor stream
What is a subclass 188B visa?
The Subclass 188B represents the Business Innovation & Investment Visa – Business Investment Stream. This is a temporary visa and if you meet certain requirements, you may then apply to receive permanent residency in Australia. In order to first apply for the Subclass 188B, you would need to submit an Expression of Interest via a points test.
Have net assets of at least AUD 2.25 million
Be below 55 years of age at time of invitation
Obtain at least 65 points on the Points Test
Have a high level of management skill in relation to one of the following activities for at least 1 of the 5 fiscal years prior to invitation:
Maintained direct involvement in a qualifying business (Ownership interest of at least 10%) OR
Maintained direct involvement in eligible investments (net value of at least AUD 1.5 million
Obtain a nomination (sponsorship) by a State/Territorial Government
Have at least 3 years of experience of direct involvement in managing one or more qualifying businesses or eligible investments
We will check that all eligibility requirements are met and you have sufficient evidence to support your claim
Expression of Interest
We ensure that you have the minimum 65 points to lodge the expression of interest
We will need to obtain a state nomination approval before we can lodge your visa application
We have 60 days to lodge the visa once we received the state nomination approval
points – test
In order to be eligible to apply , you must score at least 65 points in the points test and only this stream would require you to do so. Additionally, even though the pass mark is 65 points, the more point you can claim will increase the chances of you attaining an invitation from the department. The test gives points for various elements of human capital and business innovation and includes objective measures of business performance.
Value of Assets
What benefits are you entitled?
Successful applicants and holders of Subclass 188B Business Investor Stream will enjoy the following privileges and benefits:
Pathway to Permanent residency after state government bond matures in 4 years
Full Work and study rights
Main applicant only need to live in Australia 2 out of the 4 years to meet the residency requirement for Permanent visa.
We simplify the process for you
A business visa can require a lot, but it does not mean it should be stressful. Part of our priority at Think Visa is simplifying the application process for our clients, meaning we provide thorough walkthroughs, reminders, and collaborative efforts in pursuit of your visa grant.
Your business opportunities in Australia begin now. Don’t risk a disapproval that could potentially interfere with your plans and goals. Fill out the details below so our team can get in touch with you. Start your application right.