Business Innovation & Investment or Provisional Visa Subclass 188 Australia
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Business Innovation and Investment (Provisional) Visa Subclass 188

Subclass 188 visa in Australia is usually known as the business innovation and investment (provisional) visa. This visa category is structured for those eligible individuals who wish to own and manage business or investment activities in the country or undertake an entrepreneurial venture in the country. Subclass 888 is a permanent visa, and subclass 188 is a temporary visa under the business innovation and investment program. Both the visa categories are structured to boost the economic condition of the country. This immigration access is available to individuals who meet the visa point test requirements. Subclass 188 is further categorized into-

  • Business Innovation Stream
  • Investor Stream
  • Significant Investor Stream
  • Premium Investor Stream
  • Entrepreneur Stream
  • Business Innovation Extension Stream
  • Significant Innovation Extension Stream

Why to Apply for a Subclass 188 Visa

Subclass 188 visa is a temporary four years permit to the Country. This visa allows it holders to-

  • Stay and study in the nation while the visa is valid (usually up to four years three months, can be extended up to eight years in certain circumstances for Business Innovation Extension stream and Significant Innovation Extension Stream)
  • Operate an existing or new business in the country.
  • To carry ad maintain investment activity in the country.
  • To bring their family members with them to the country
  • Travel to and fro from the Country as many as they wish while their visa is valid.
  • Apply for a permanent visa (if eligible).

To know more about the provisions under subclass 188 or any queries on eligibility conditions and migration, processing contact our 188 visa consultants or immigration agents.

What are the Eligibility Requirements for Visa 188

To be eligible to apply for a subclass 188 visa, the applicant must meet all the required eligibility conditions:

  • A state or territory or Austrade must nominate the applicant.
  • The applicant must secure the required visa points (65) (Business Innovation Stream and Investor Stream).
  • The applicants must be able to prove their ongoing business involvement in the country. (for business innovation stream).
  • The applicants must invest AUD 1.5 million or more in an Australian state or territory (for investment stream).
  • The applicants must make a complying investment of AUD 5 million or more in an Australian state or territory (for a significant investment stream).
  • The applicants must make a complying investment of AUD 15 million or in an Australian state or territory (for premium investment stream).
  • The applicant must have a funding agreement with a third party to carry and maintain entrepreneurial activity (for entrepreneur stream).
  • For extending their stay under Business Innovation Extension Stream and Significant Innovation Extension Stream, the applicant must have stayed in the country for at least three years as a holder of subclass 188 under the qualified stream.
  • The applicant must meet all the health and character requirements of the visa category.
  • The applicant must agree to abide by and respect Australian laws.

The applicant must convince the Department that the visa grant is in the applicant’s best interest. Further, visa application processing in Australia is delicate and needs professional help. We suggest you book an appointment with our 188 visa consultants/ immigration agents to secure a favourable migration processing.

How to Apply for a Subclass 188 Visa

Before applying for the subclass 188 visa application, the applicant must ensure that they hold a valid passport.

The next step lies in the gathering of the relevant evidence. All the documentary proofs must be collected and analyzed for the Subclass 188 visa application form requirements. For Business Innovation Stream and Investor Stream, the documentary evidence to substantiate visa points requirements is also required.

Get in touch with our visa consultants/ immigration agents for details on eligibility conditions and visa processing.

Further, the applicant must submit an expression of interest and obtain an invitation to apply from the respective Australian state or territory to apply for the visa category. Contact our visa consultant or immigration agents for detailed information on application processing and form-based eligibility conditions.

The duly filled and complete visa application should be filed with the Department along with the requisite fees. In case the prices are not paid in full, the visa application might not be considered at all. The current visa charges are-

  • Business Innovation Stream- Starts from AUD 5375/-
  • Investor Stream – Starts from AUD 5375/-
  • Significant Investor Stream – Starts from AUD 7880/-
  • Premium Investor Stream- Starts from AUD 9455/-
  • Entrepreneur Stream- Starts from AUD 4045/-
  • Business Innovation Extension Stream – Starts from AUD 645/-
  • Significant Innovation Extension Stream- Starts from AUD 645/-

Talk to our 188 visa consultant or immigration agents to accurately file all the application forms and quick processing. Our specialized visa consultants/ immigration agents are trained to counsel the client based on their eligibility and migration conditions and then provide all the assistance required to ensure a favourable visa decision.

After filing the visa application form successfully, the Department communicates the visa application form at the registered mail of the applicants.

Processing Time for Business Innovation and Investment Visa (Provisional) 188

The standard processing time for a subclass 188 visa changes depending upon the application volumes and migration category stream.
Communicate with a professional 188 visa immigration agent/migration consultants at E-Help for further details on the visa processing time and eligibility. Furthermore, the processing time of the subclass 188 visa application may be a little higher than usual if –

  • The applicant has not filled it correctly
  • The applicant has not included all the documents needed
  • Department need more information
  • When the Department thoroughly verify the documents

Contact Us

Our visa consultant/immigration agents communicate with you, dig deeper into your profile to understand your preferences, eligibility conditions, and requirements, and then identify the segment that can offer you the highest possibility of successful migration prospects. Then our migration agents/ immigration consultants help you with your visa processing. We are frequently updated with the latest changes in immigration laws and policies and are prepared to offer you timely and accurate advice to make the best possible immigration decision.

To book an appointment with our 188 visa agents or immigration consultants, contact us. or dial us at 1300 92 33 22.

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