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Business Innovation & Investment Visa (subclass 188)

Applying for a Business Innovation and Investment (subclass 188) visa

Individuals that have a successful business or investing career have a range of options to secure permanent residency in Australia through the Business Innovation and Investment Visa (Subclass 188).

Applicants are able to include their family members in their application, who will be given full work and study rights in Australia.

The Business Innovation and Investment (subclass 188) visa, is the first step towards permanent residency for applicants looking to invest or establish a business in Australia. 

 

Most Common Streams

This stream is for applicants that:

  • Will establish a new or existing business in Australia
  • Can score at least 65 points on the points test
  • Own personal and business assets of at least A$800,000
  • Be under 55 years of age (this can be waived in certain circumstances)

This stream is for applicants that:

  • Are willing to invest at least A$1.5M into Australian state or territory bonds
  • Have managed a ‘qualifying business’ or investments to the value of at least A$1.5M
  • Have assets of at least A$2.25M
  • Score at least 65 points on the points test
  • Are under 55 years of age

This stream is for applicants that:

  • Are willing to invest at least $5M into an Australian ‘balanced investment’ that consists of: 
    • at least A$500,000 in venture capital and growth private equity funds
    • at least A$1.5M in approved ASX listed emerging company managed funds
    • at least A$3M in managed fund
  • Are under 55 years of age

 

Accredited Sponsorship TSS Visa

Comparison of the different streams - SC188 Visa

Stream

Requirements

Business Innovation Stream (188A)

For people with proven experience and skills in business who are seeking to establish, develop and manage a new or existing business in Australia.

These applicants must be nominated by a state or territory government and meet a range of requirements such:

  • as scoring at least 65 on the points test.
  • have had an ownership or interest in an established business that has had a turnover of at least A$500,000 in two of the four fiscal years before being invited to apply for the visa.
  • own at least 5 per cent of the business if the business has a turnover of less than A$400,000 per year, or 30 percent, if the business has a turnover of A$400,000 or more per year, or at least 10 percent if the business is a publicly listed company.

Applicants must also have total net business and personal assets of at least A$800,000 that have been legally acquired and are available for transfer to Australia within two years of the visa being granted.

You must own and operate the business in Australia for at least 2 years to be eligible for the Subclass 888 visa.

Investor Stream – (188B)

For people who make a designated investment of at least A$1.5million in an Australian state or territory and must maintain their business and investment activity in Australia.

The requirements include:

  • scoring at least 65 on the points test,
  • have a high level of management skill in relation to the eligible investment or business activity,
  • have at least three years experience in the direct management of one or more qualifying businesses or investments,
  • have an overall successful business or investment career
  • show a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.

Applicants must also provide evidence that for at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:

  • a qualifying business in which you, your partner or you and your partner combined had at least 10% ownership interest  OR
  • eligible investments owned by you, your partner or you and your partner combined of at least AUD$1.5million, during the two fiscal years immediately before you are invited to apply.

You must also have legally acquired net business, investment and personal assets of at least AUD$2.25 million that are available for legal transfer to Australia within two years of the visa being granted, make a designated investment of at least AUD$1.5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least four years from date of issue in your nominating state or territory and have had no involvement in unacceptable activities.

You must have held the designated investment of A$1.5million for at least 4 years to be eligible for Permanent Residency via the Subclass 888 visa

Significant Investor Stream (188C)

For people that are willing and able to invest at least A$5million into complying significant investments in Australia and want to maintain business and investment activities in Australia.

You are required to be nominated by a state or territory government or by Austrade on behalf of the Australian government.

You must have at least A$5million of net assets that have been legally acquired, unencumbered and are available for transfer to Australia.

You must reside in the state or territory who nominated them, continue the business and investment activity in Australia after the conclusion of the provisional visa, and live in Australia for at least 40 days per year for the duration of the provision visa, or for your spouse to live for at least 180 days per year for the duration of your provisional visa.

You must have held the complying investment of A$5million for at least four years to be eligible to apply permanent residency via the Subclass 888 visa.

Schedule a Consultation with Ethos Migration Lawyers to Assess Your SC188 Eligibility

Next steps?

Our team of expert Australian Immigration Lawyers & Registered Migration Agents have assisted many clients secure the Business Innovation and Investment visa from all over the world. Having vast experience on the complying investments, state or territory nomination and visa requirements is a vital key when making the decision to invest or establish a business in Australia.

If you would like to further discuss your possibilities of establishing a business or investing in Australia, please contact us online, via email, or on 1300 083 843 for a confidential consultation.

We work with a range of business affiliates who can assist you and your family with your relocation requirements such as school and college enrolments and admissions, financial services advice, and other related services.

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