Innovation and Investment in Business (188 VISA)
Only those who are nominated by an Australian State or Territory government are eligible for this visa. The applicant must submit an Expression of Interest (EOI) using the SkillSelect system in order to be nominated.
For those ready to spend AUD $5 million in Australia, this is a 5-year temporary visa. The Business Innovation & Investment (Residence) Subclass 888 visa allows the candidate to seek for permanent residence after maintaining an investment in Australia for four years.
To apply for this visa, the applicants may be in Australia or abroad.
When a candidate is located in Australia:
A Substantive Visa or a Bridging A, B, or C Visa is required.
Benefits of the SIV 188 visa include:
- .There is no maximum age.
- .No need for English proficiency,
- .No-Points Exams
- .Provides for at least two extensions, each lasting two years (provided the conditions for an extension are satisfied)
- .The 888 Permanent visa has a lower residency requirement of just 40 days per year for the primary applicant and 180 days for the spouse.
Update:
- upcoming business and investment visa changes for australian immigration in 2021
- Conditions of States for Business Visas
- Concessions for Business Visas under COVID-19 (SC188 and SC888)
Significant Investor Visa (SIV) Stream, Section 188C
Requirements in general
- If you were invited to apply on or after July 1, 2021, you must have a genuine intention to hold that investment for the duration of your provisional visa and make (on or after the time of application for this visa) a compliant major investment of at least AUD5 million when we invite you to. It needs to be put into the following ratios:
- @ least AUD1.5 million in authorized managed funds, at least AUD1 million in venture capital and growth private equity funds that invest in start-ups and small private enterprises. The managed funds must make a “balancing investment” of at least AUD2.5 million in managed funds in developing firms listed on the Australian Stock Exchange.
- The managed funds might make investments in many assets such as businesses with Australian stock market listings, corporate bonds or notes issued by Australian corporations, annuities, and commercial real estate.
Residential real estate cannot be directly invested in. Residential property indirect investment through managed funds is severely constrained.
Investments cannot be used as a guarantee or as collateral for a loan.
Requirements for Subclass 888 VISAs:
To be eligible for a permanent subclass 888 visa, the applicant must have been sponsored by a state or territory government for the previous four years and have spent 40 days annually in Australia on a Significant Investor visa.
Additional 188 Visa eligible paths:
- Business innovation, first.
- for entrepreneurs wishing to launch their companies in Australia
- B. An investor
- seeking investors ready to put down $1.5 million on Australian State or Territory bonds
- C. Important Investor
- for anyone prepared to invest $5 million in Australian investments that abide by the law
- D. High-end Investor –
- for those who have a sizeable financial portfolio and are prepared to put at least $15 million into compliant premium investments in Australia.
- E. Businessperson –
- for individuals to engage in a compliant entrepreneur activity who have a financial arrangement with a third party for at least AUD200 000.
- Be aware that company migration may be quite complicated, and it can be hard to know whether you have a decent chance of qualifying. Moreover, you could be