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Kingsbridge AustraliaKingsbridge AustraliaKingsbridge Australia
+618 9329 6890
Perth, Western Australia, 6000

Subclass 188B

Subclass 188B

Business Innovation and Investment (Provisional) visa (subclass 188)

Business Innovation stream

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.

Contact

  • Level 3, 12 St Georges Terrace, Perth, Western Australia, 6000
  • [email protected]
  • +618 9328 7525

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