INVESTMENT VISA
For business owners and investors to do business activities in Australia.
Business Innovation and Investment (Provisional) Visa (Subclass 188)
Introduction: Welcome to Flyworld Migration, your trusted partner in navigating the intricacies of Australian migration. The Business Innovation and Investment (Provisional) Visa (Subclass 188) is a temporary visa designed for individuals who wish to own and manage a business, or invest in Australia, with the intention of obtaining permanent residency.
Overview: The Subclass 188 visa is part of the Business Innovation and Investment Program, which encourages successful business owners and investors to contribute to the Australian economy. This visa allows holders to stay in Australia for up to four years and three months, during which they can establish a new business, manage an existing one, or make designated investments in the country.
- Streams:
- Business Innovation Stream: For individuals with a successful business career who want to establish, develop, or manage a new or existing business in Australia.
- Investor Stream: For individuals who want to make a designated investment of at least AUD $1.5 million in an Australian state or territory and maintain business and investment activity in Australia.
- Significant Investor Stream: For individuals willing to invest at least AUD $5 million into complying significant investments in Australia and maintain business and investment activity in Australia.
- Premium Investor Stream: For individuals who are willing to invest at least AUD $15 million into complying premium investments in Australia and maintain business and investment activity in Australia.
- Entrepreneur Stream: For individuals who have a funding agreement from a third party for at least AUD $200,000 to undertake a complying entrepreneur activity that is proposed to lead to the commercialization of a product or service in Australia.
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Benefits
- Temporary residency in Australia for up to four years and three months.
- Opportunity to establish, develop, or manage a business in Australia.
- Option to make designated investments in Australia.
- Pathway to permanent residency through the Business Innovation and Investment (Permanent) Visa (Subclass 888) after meeting specified requirements.
Eligibility
- Eligibility criteria for the Subclass 188 visa depend on the stream under which the applicant applies. Common eligibility requirements include:
- Meeting the age, English language proficiency, health, and character requirements.
- Having a successful business or investment background.
- Fulfilling the specific criteria of the chosen stream, such as minimum investment amount and business experience.
Requirements
- Requirements for the Subclass 188 visa include:
- Submission of a detailed business proposal or investment plan.
- Meeting the financial thresholds and complying with the investment requirements of the chosen stream.
- Providing evidence of business or investment experience.
- Meeting health and character clearance requirements.
- Satisfying any additional criteria specified by the Department of Home Affairs.
How to Apply:
- Choose the most suitable stream based on your business or investment goals.
- Prepare a comprehensive business proposal or investment plan.
- Gather all necessary documents, including proof of funds, business experience, health, and character documents.
- Complete the visa application form and attach required documents.
- Lodge the visa application online through the Department of Home Affairs' online portal.
- Pay the visa application fee.
- Undergo health examinations and provide police clearance certificates if required.
- Await visa decision from the Department of Home Affairs.
- Processing Time: Processing times for the Subclass 188 visa vary depending on various factors such as the stream chosen, the volume of applications, and individual circumstances. Generally, processing times range from several months to over a year.
- Cost: The cost of applying for the Subclass 188 visa varies depending on factors such as the stream chosen and whether the applicant includes family members. As of [current date], the visa application fee starts from AUD $9,450.00.
- At Flyworld Migration, we specialize in assisting individuals with their Business Innovation and Investment visa applications. Contact us today for expert guidance and support throughout the application process!
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