Subclass 188B: Business Innovation and Investment (Provisional) Visa
Subclass 188B: Business Innovation and Investment (Provisional) Visa
Investor Stream
Subclass 188 Business Innovation and Investment (Provisional) visa in the Investor stream is a provisional visa which leads to permanent residency after residency requirements and other requirements stipulated in Subclass 888 Business Innovation and Investment (Permanent) visa in the Investor stream are met.
Subclass 188 Business Innovation and Investment (Provisional) visa in the Investor stream is for applicants with an overall successful record of direct involvement in managing eligible investments or qualifying business and with a net business and personal assets of at least AUD 2.25 million for the last 2 fiscal years.
The applicants must also make a designated investment of at least AUD 1.50 million in the Australian State or Territory that the applicants received nomination from.
Each applicant in Australia when applying for this visa must hold:
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
Subclass 188 Business Innovation and Investment (Provisional) visa in the Investor stream is for applicants with an overall successful record of direct involvement in managing eligible investments or qualifying business and with a net business and personal assets of at least AUD 2.25 million for the last 2 fiscal years.
The applicants must also make a designated investment of at least AUD 1.50 million in the Australian State or Territory that the applicants received nomination from.
Stay Period
4 years and 3 months from the visa grant date.Apply from...
All applicants may be in or outside Australia, but not in immigration clearance to apply for this visa and to be granted this visa.Each applicant in Australia when applying for this visa must hold:
- a substantive visa; or
- a Subclass 010 Bridging A visa; or
- a Subclass 020 Bridging B visa; or
- a Subclass 030 Bridging C visa
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
To make a valid application for Subclass 188B visa and/or be granted this visa, the following sets of criteria must be met:
The following persons can apply for this Subclass 188B visa:
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
- any person who met the eligibility criteria outlined in "Eligibility Criteria" tab on this page (hereinafter referred to as "the Primary Applicant");
- the member of family unit of the Primary Applicant, e.g.: spouse/de facto partner and children who are still dependent on the Primary Applicant or the spouse/de facto partner of Primary Applicant
- a substantive visa; or
- a Subclass 010 Bridging A visa; or
- a Subclass 020 Bridging B visa; or
- a Subclass 030 Bridging C visa
with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
The following condition(s) might be attached to this visa:
This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
Condition 8515 - Must not marry or enter into a de facto relationship before entering Australia
If this visa is granted when the secondary applicant is outside Australia, the holder of this visa must not marry or enter into a de facto relationship before entering Australia.This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
Subclass 888B: Business Innovation and Investment (Permanent) Visa
Subclass 888B: Business Innovation and Investment (Permanent) Visa
Investor Stream
Subclass 888 Business Innovation and Investment (Permanent) visa in the Investor stream is a permanent visa which allows primary applicants holding Subclass 188 Business Innovation and Investment (Provisional) visa in the Investor stream to continue their investment activities started under Subclass 188 visa in the Investor stream and to live in Australia permanently.
Applicants applying in Australia mustn't hold visa with condition(s) that prevent them to apply for this visa onshore in Australia.
Stay Period
Indefinitely with 5-year travel facility after which you may need to apply for Subclass 155 or 157 Resident Return visa to extend your travel facility.Apply from...
All applicants may be in or outside Australia, but not in immigration clearance to apply for this visa and to be granted this visa.Applicants applying in Australia mustn't hold visa with condition(s) that prevent them to apply for this visa onshore in Australia.
To make a valid application for Subclass 888B visa and/or be granted this visa, the following sets of criteria must be met:
The following persons can apply for this Subclass 888B visa:
- The following visa holder who met the eligibility criteria outlined in "Eligibility Criteria" tab on this page:
- Primary visa holder of a Subclass 188 Business Innovation and Investment (Provisional) visa in the Investor stream (Subclass 188B); or
- Former spouse or de facto partner of primary visa holder of Subclass 188B visa who is a secondary visa holder of the Subclass 188B visa.
- the member of family unit of the Primary Applicant, e.g.: spouse/de facto partner and children who are still dependent on the Primary Applicant or the current spouse/de facto partner of Primary Applicant.
The following condition(s) might be attached to this visa:
This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
Condition 8515 - Must not marry or enter into a de facto relationship before entering Australia.
If this visa is granted when the secondary applicant is outside Australia, the holder of this visa must not marry or enter into a de facto relationship before entering Australia.This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.
Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.
If you are ready to commence your life in Australia, book a consultation with Ausdirect Migration today.