Investor Stream (Subclass 188B)
This temporary visa requires you to invest AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia.
188B Main Advantages
- No English Level requirements;
- Does not require the applicant to own a business;
- No pressure for entrepreneurship and business operations after arriving in Australia;
- Able to invest in government designated bonds, high security;
- Able to carry along family members who meet requirements with the application of residence and corresponding permanent resident visa;
- Visa holder is free to travel to and from Australia;
- During the period of holding the visa, children of the applicant are able to attend Australian public primary or secondary school for free.
188B Basic Eligibility
- Need to be invited to apply through EOI;
- nominated by an eligible government organisation;
- Under age of 55 years old (unless gained state government exception);
- Previous success in investment history or business.
188B Business Investment Stream Details:
Stay period | Up to 4 years and 3 months | |
What you can do with this visa |
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Requirements | Must:
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Cost |
Main Applicant:
Sub Applicant:
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Conditions | Not marry before first entry. | |
Processing times |
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(Note: above fees are subject to the final fee charged by the Australian Immigration Department)
188B Visa Application Process
1. Apply for EOI;
2. Apply for and gain state government guarantee;
3. Gain EOI invitation;
4. Complete asset audit;
5. Submit application materials;
6. Gain an interview or an interview-free notice and supply additional materials
7. Medical examination and payment of required fees;
8. Gain Visa.
Investor Stream (Subclass 888B)
This visa lets holders of business innovation and investment (Provisional) Visa (subclass 188) to continue business activities in Australia indefinitely.
888B Investor Stream Details
Stay period | Permanent | |||
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Requirements |
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Cost | Main Applicant:
Sub Applicant:
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Conditions | No conditions attached. | |||
Processing times | Unavailable due to low volume of applications. |
(Note: above fees are subject to the final fee charged by the Australian Immigration Department.)
888B Visa Application Process
1. Apply for and gain state government guarantee;
2. Apply visa application;
3. Gain Permanent Resident Visa approval.