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Australia Business Innovation & Investment (Provisional) (subclass 188 Visa)

 

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Overview

Australia Business Innovation & Investment (Provisional) (subclass 188) visa is one of the Australian Business Innovation and Investment Program, which is designed to benefit the country's economy.

Visa is issued only on invitation. The visa applicant has to submit his Expression of Interest through SkillSelect initially and on receipt of Invitation can apply for visa.

This visa allows the applicant to:

  • Establish a new business or develop an existing business in Australia (the Business Innovation stream)
  • Make a designated investment with an Australian state or territory government (the Investor stream)
  • Invest at least AUD5 million in Australia (the Significant Investor stream).

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Visa Requirements

Beside the invitation to apply, the applicant must have:

  • A successful business or investment history
  • Adequate personal and business assets
  • Nomination by a state or territory government

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Different Streams of Australia Business Innovation & Investment (Provisional)

The three different streams of the subclass 188 visa are:

  • The Australian Business Innovation stream is for applicants who want to own and manage a new or existing business in Australia.
  • The Australian Investor stream is for applicants who want to make a designated investment in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
  • The Australian Significant Investor stream is for applicants who are willing to invest at least AUD5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured.

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Information Required for Expression of Interest

  • Applicant’s Expression of Interest should specify the stream he/she is interested in.
  • The EOI should also indicate whether he/she is interested in just one or all states and territories. 

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Visa Fee

Base Application Charge: $4780

Additional Applicant Charge (18 and over): A$2390

Additional Applicant Charge (Under 18): A$1195

Note:

For applicants who have turned 18 at the time of application and who are assessed as not having functional English the second installment is:

• main applicants $9 795;

• secondary applicants $4 890

This is provided that the applicant has not paid a second installment of the visa application charge in relation to an application for a Subclass 188 (Business Innovation and Investment (Provisional)) visa.

Disclaimer: Visa fees are subjected to change without prior notice.

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Process Flow Chart

Opulentus Process Flow

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Opulentus Services

Opulentus offers advice and guidance for best possible documentation. We assist and guide you at each step till you get your visa.

  • Expert advice on complete process stage wise
  • Visa documentation*
  • Provide you the document checklist stage-wise and assisting you with the requisites and the alternatives upon receiving the signed service agreement copy
  • Provide documents samples and assist you with inputs wherever necessary
  • Corresponding with the department, on your behalf, if required
  • Post landing, traveling and settling assistance

*Documentation service differs from country to country. Please refer your Service Agreement for further details.

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Post Landing & Resettlement Services

  • Relocation assistance
  • Accommodation, travel and settling assistance
  • Pick up at Airport – extra charges
  • Details on local Indian communities
  • Guidance on local transports and other settlement related advices

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Why Invest in Australia?

Australia offers a range of opportunities for businesses to succeed. Australia's impressive reputation as an investment destination is for various reasons. Some of them are:

  • Strong economic credentials
  • Democratic and politically stable
  • Business friendly regulatory environment
  • Strategic location
  • Highly skilled and multilingual workforce
  • Innovative culture with excellent R&D and infrastructure
  • Strong financial services sector
  • Excellent quality of life


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