Business Visa Australia Subclass 188

The Business Visa Subclass 188 is a state-nominated visa with a validity of four years. It serves as a stepping stone to permanent residency through the Business Innovation and Investment (Permanent) Subclass 888 visa.

Diverse Streams Under Subclass 188 Visa

This 188 visa class offers various streams tailored to different circumstances:

188A Business Innovation Stream: Ideal for individuals with business acumen looking to establish or continue their business ventures in Australia.
188B Investor Stream: Designed for those capable of investing a minimum of AUD2.5 million in bonds issued by an Australian State or Territory. Applicants must meet specific requirements and intend to maintain business or investment activities in Australia.
188C Significant Investment Stream: Geared towards individuals willing to invest at least A$5 million in a balanced, compliant Australian investment. Notably, this stream does not impose an age limit, English language requirements, or points testing.
188D Entrepreneur Stream: Tailored for startup founders and early-stage entrepreneurs endorsed by an Australian State or Government agency to develop their concepts in Australia.

Key Considerations for Business Visa Subclass 188A/B/C

When embarking on your application journey for the Business visa Subclass 188, it’s crucial to keep the following points in mind:

Nomination Requirement: All applicants must be ‘nominated’ by an Australian State or Territory. Each region sets its unique criteria for the types of applications they will nominate.
Business Points Test: Both the Business Innovation Stream (SC188A) and the Investor Stream (SC188B) necessitate a minimum score of 65 points on the Business Points Test.
Lawful Acquisition of Assets: All assets and funds used to meet the visa application criteria must be demonstrably ‘lawfully acquired.’ This involves providing documentation such as tax returns and independent evidence to prove the source of funds utilized for asset acquisition or investments.