A Business Investment Visa (subclass 188B) is a temporary visa for people like you who wish to invest in a business in Australia for up to four years, requiring a nomination from an Australian state or territory government. This visa can be converted into a permanent business visa if the investment is maintained for four years.

To understand this complex process, hiring a migration agent in Australia can be of great help. Asia Pacific Group has a team of professional visa experts who can guide you through the process of understanding the Australian visa rules and regulations. Get to know more about the visa subclass 188B to ensure successful visa application.

Highlights

Investment of AUD 1.5 million in an Australian State or Territory.
Points-based visa with a minimum of 65 points.
Net business, personal assets, and investment of AUD 2.25 million.
Three years of experience in managing qualifying businesses or high management skill.
Real intention to live in a specific Australian state or territory.
Fluent in basic functional English.
Character and health requirements as required by Australian government.
Signing an Australian values statement with Australian Authorities.
No debt pending with the Australian Government or Authorities.
No previous visa cancellations or refusals.

Key Eligibility Requirements

First, submit an Expression of Interest (EOI) Certificate with authorities.
Gather necessary documents like health, character, personal identity, English Language, etc.
Apply for an online visa through an Immiaccount.
Follow up with health exams, biometrics, investment, second installment payments, family additions, etc.
Wait for the Australian Authorities to form a decision on your visa application.
Receive a visa application with grant number and starting date upon approval.
You will be updated about the reason and rights to review the application upon denial.

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FAQs about Business Investment Visa Subclass 188B

A Business Investment Visa is granted to individuals who intend to invest in Australia for a maximum of four years.

To apply for a visa in Australia, submit an Expression of Interest Certificate, collect necessary documents, apply for an online visa, and follow up with health exams, biometrics, and payments. Wait for a decision from the authorities, which may include a visa grant number and starting date.

This visa requires a net business investment of AUD 1.5 million in an Australian State/Territory, a minimum of 65 points, three years of management experience, intention to live in the state/territory, basic English, and no debt.