Business Investment Visa Subclass 188B
The Business Investment Visa (subclass 188B) is a temporary visa designed for individuals who wish to invest in an Australian business for a period of up to four years. This visa requires you to make a significant investment in Australia and is initially valid for a limited time. However, if you maintain the investment for the full duration, you may be eligible to transition to a permanent business visa.
Highlights:
- Investment Requirement: You must invest AUD 1.5 million in a state or territory in Australia.
- Points-Based System: A minimum of 65 points is required to be eligible for this visa.
- Business Assets: You must have net business and personal assets of at least AUD 2.25 million.
- Management Experience: Three years of experience in managing qualifying businesses or a high-level management role.
- State or Territory Nomination: You must have a genuine intention to live in a specific Australian state or territory.
- English Proficiency: Basic functional English is required.
- Health and Character: Meet the health and character requirements set by the Australian government.
- Australian Values Statement: You must sign an Australian values statement when applying.
- No Outstanding Debts: You should have no debts pending with the Australian Government or authorities.
- Clean Visa History: No previous visa cancellations or refusals.
Key Eligibility Requirements
- Expression of Interest (EOI): Submit an Expression of Interest to the relevant Australian authorities.
- Documentation: Gather necessary documents, including health, character, personal identity, and English language proof.
- Visa Application: Apply online through the ImmiAccount portal.
- Follow-Up: Attend health examinations, provide biometrics, and submit investment payments or other necessary documents.
- Visa Approval: Once approved, you will receive a visa grant notification with the details of your visa's validity.
If you’re looking for expert guidance through the application process, Upright Migration Consultants can help you with your Business Investment Visa (subclass 188B) application. Our experienced team will ensure that all requirements are met for a successful visa application.