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Business Visa

Australia Business Visa

Subclass 188 Visa

Subclass 188 visa allows you to own and manage a business in Australia, conduct business and investment, or undertake entrepreneurial activity in Australia. 
You can choose to apply under one of the following streams of subclass 188 visa:

Stream

Key Requirements

Business Innovation Stream

  1. Hold overseas business assets of AUD 1.25M and have an annual turnover of AUD 750,00
  2. Applicants must be under 55 years of age.
  3. The requirements to have a minimum of 65 points from the points table for this visa stream remains.
  4. Nominated by a State of Territory government, or Australia.

Investor Stream

  1. Complying Investment of $2.5 million (held for the duration of the provisional visa)
  2. 65 points on business innovation and investment points test.
  3. Under 55 (unless waived by nominator)
  4. Reside in Australia for at least two years.
  5. Nominated by a State of Territory government.

Significant Investor Stream

  1. Complying Investment of $5 million (held for the duration of the provisional visa)
  2. Reside in Australia for an average of 40 days/year for primary visa holders or 180 days per/year for secondary visa holders before applying for the permanent visa.
  3. Has access to an extension stream (for up to 4 years)
  4. Nominated by a State of Territory government, or Austrade.

Entrepreneur Stream

  1. Endorsement by a State or territory government and service providers in state and territory innovation ecosystems.
  2. Under 55 (unless waived by nominator)
  3. Reside in Australia for at least two years.
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Business visa
 

Limited Quota for Australia Business Visa

You need to first obtain nomination from an Australian State or Territory before you can apply for Subclass 188 Visa. For financial year 2021-22, limited quota of 6860 has been allocated to each Australian State and Territory:

State

Business Innovation and Investment Program (BIIP)

ACT

30

NSW

2,200

VIC

1,750

QLD

1,400​

NT

75

WA

360

SA

1,000

TAS

45

Total

6,860

Key Changes to Australia Business Visa

Key changes to Australia Business Visa effective from 1 July 2021:

  1. The government nearly doubled the program, allocating 13,500 visa places in the 2020-21 annual migration program, which is carrying over in 2021-22.
  2. Business talent subclass 132 (permanent) visa is no longer available.
  3. The existing 9 visa streams have been rationalised to 4 visa streams: Business Innovation, Investor, Significant Investor and Entrepreneur.

Kingsbridge Australia

We have over 20 years’ experience in successfully helping migrants and families migrate to Australia, including:

  1. Obtain State nomination.
  2. Apply for and obtain grant of subclass 188 visa.
  3. Prepare you for interviews with State and immigration officers.
  4. Advise on eligible business and complying investment for subclass 188 visa, prioritising protection for your investment and fulfilling your visa conditions.
  5. Enrol your children into the best study pathways.

Contact us to discuss your plan for Australia business migration.

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