SC188 Visa

The Subclass 188 visa allows people with business skills to come to Australia and utilise these skills. The visa is initially granted for a period of up to 4 years and 3 months.

Upon the visa holder meeting certain obligations, there is a direct pathway to permanent residency (Subclass 888) available.

There are a number of streams with different criteria:

BUSINESS INNOVATION STREAM

This stream is ideal for people with business skills who want to operate a new or existing business in Australia. It requires nomination by an Australian State or Territory government agency. Some of the other criteria include:

  • Be under 55 years of age, or be able to show that your business will be of exceptional economic benefit
  • Have a successful business career and business ownership
  • Own personal and business assets of at least A$800,000
  • Score at least 65 points

A Business Innovation Extension stream also exists, which provides an option to extend your stay for up to 2 more years.

INVESTOR STREAM

This requires the visa applicant to invest at least A$1.5 million in an Australian State or Territory and maintain business or investment activity in Australia. It requires nomination by an Australian State or Territory government agency.

  • Be under 55 years of age, or be able to show that your business will be of exceptional economic benefit
  • Intend to live in a specific State or Territory for at least 2 years
  • Have relevant specific experience and skills
  • Have managed investments of A$1.5 million or a qualifying business
  • Have assets of A$2.25 million
  • Make an investment of A$1.5 million in your nominating Australian State or Territory
  • Score at least 65 points

A Business Innovation Extension stream also exists, which provides an option to extend your stay for up to 2 more years.


SIGNIFICANT INVESTOR STREAM

This is for people who wish to invest A$5 million in Australian investments that meet certain criteria. It requires nomination by an Australian State or Territory government agency. Some of the other criteria include:

  • Have lodged an expression of interest (EOI) and have received an invitation to apply
  • Make an investment of at least A$5 million when invited to, subject to specific criteria

There is no requirement that you score a minimum number of points nor any age limit.

A Significant Investor Extension stream also exists, which provides an option to extend your stay for up to 2 more years.

PREMIUM INVESTOR STREAM

This is for people who are nominated by the CEO of Austrade and who invest at least A$15 million in Australian investments and/or philanthropic contributions.

Some of the criteria include:

  • Be nominated by the CEO of Austrade
  • Have submitted an express of interest (EOI) and have been invited to apply for the visa
  • Make a complying premium investment of at least A$15 million
  • Have net assets of at least A$15 million

There is no requirement that you score a minimum number of points nor any age limit.


ENTREPRENEUR STREAM

This is for people who have a funding agreement with a third party to carry out entrepreneurial activities in Australia. It requires nomination by an Australian State or Territory government agency. Some of the other criteria include:

  • Have submitted an express of interest (EOI) and have been invited to apply for the visa
  • Be under the age of 55
  • Have a complying entrepreneur activity
  • Receive funding with a total of at least A$200,000 from an approved entity
  • Have competent English.

We can help with each step of the business visa process. So, speak to our registered migration agent to check your eligibility to apply for the Subclass 188 Visa.

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