The Business Innovation & Investment (Residence) Subclass 188B visa is designed for individuals nominated by an Australian State or Territory government who wish to make a specific investment in the country. This temporary visa allows a 5-year stay and offers a pathway to permanent residence through the Business Innovation & Investment (Permanent) Subclass 888 visa.
Investor Opportunity:
The 188B (Investor Stream) Visa is ideal for those willing to invest $1.5 million in Australian State or Territory bonds. Applicants can engage in investment activities and extend their stay by up to 4 more years, with the potential to apply for permanent residence through the 888 Significant Investor stream.
Features:
Conduct investment activity in Australia through the Investor Stream.
Potential to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream, subject to meeting specific criteria.
Extend stay in Australia for up to 4 additional years for holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream.
Eligibility:
Be nominated by a State or Territory government agency or Austrade.
Not have held more than one Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor Extension stream visa.
Continue to hold complying significant investments in accordance with the relevant investment framework.
Have no history of involvement in business or investment activities of an unacceptable nature in Australia, for both the applicant and their partner.