Australia offers a range of visa options for entrepreneurs, investors, and business owners looking to establish or grow their businesses. These visas provide a route to permanent residency and support individuals in contributing to the Australian economy.
Business Innovation and Investment Visa (Subclass 188/888)
The Business Innovation and Investment Visa (Subclass 188/888) is designed for entrepreneurs, investors, and business owners looking to establish, manage, or expand a business in Australia. This visa provides a pathway to permanent residency through the Subclass 888 visa, allowing individuals to contribute to the Australian economy.
Subclass 188 – Provisional Visa (Temporary)
The Subclass 188 visa is a temporary visa designed for business owners, investors, and entrepreneurs who wish to start, manage, or invest in a business in Australia. It is valid for up to 5 years and serves as a pathway to permanent residency through the Subclass 888 visa.
???? Available Streams:
- Business Innovation Stream: For business owners wanting to establish or grow a business in Australia.
- Investor Stream: Requires a minimum investment of AUD 2.5 million in an Australian state or territory.
- Significant Investor Stream: Requires an AUD 5 million investment in complying Australian investments.
- Entrepreneur Stream: For individuals with an innovative business idea and at least AUD 200,000 in funding from an approved entity.
Key Benefits:
???? Live & Work in Australia: Manage your business or investments while residing in Australia.
???? Pathway to Permanent Residency: Eligible applicants can transition to the Subclass 888 visa.
???? Family Inclusion: Include your spouse, partner, and dependent children in your visa application.
???? Flexible Stay Duration: Initially granted for up to 5 years, with potential extension options.Next Steps
After fulfilling the business or investment requirements under the Subclass 188 visa, you can apply for the Subclass 888 visa, which grants permanent residency in Australia.