Subclass 188B

This provisional visa (4 year) requires you to invest at least AUD$1,500,000 for 4 years in the treasury bond of your nominating Australia State or Territory.

To be eligible:

• Point Tested – You must scoare at least 65 points (based on your age, English competency, qualification, total net assets, business or investment experience, etc). 
• For the past 2 years, you and/or your partner must have total net assets of at least AUD$2,250,000 million.  These assets must have been lawfully acquired and be available for transfer to Australia within 2 years from visa grant.  
• You must have managed a qualifying business or investments to the value of at least AUD1.5million.
• For at least 1 of the past 5 years, you have directly managed one of the following:
  
  • a “qualifying business” in which you and/or your partner combined had at least 10% ownership interest, or
  • a eligible investment of at least AUD$1,500,000 million owned by you and/or your partner combined.

• You must:
  
  • have at least 3 years’ experience managing one or more qualifying businesses or eligible investments
  • have a successful record of eligible investment or qualifying business activity
  • have demonstrated a high level of management skill in relation to the eligible investment or qualifying business activity
• Age limit of 55 y.o. (can be waived by State)
• No minimum English requirement (but have to pay higher application fee)
• You must be nominated by a State or Territory.

You may convert to a PERMANENT VISA if you have satisfied the requirements for Subclass 888B – Investor stream.