The 4 categories of Australia Subclass 188 Business Innovation and Investment visa

The 4 categories of Australia Subclass 188 Business Innovation and Investment visa

Subclass 188 Business Innovation and Investment visa is the visa category for all overseas immigrants who intend to do business and invest in Australia. It is divided into four categories to suit the diverse requirements of investors and business people. Each of these categories can lead to legal Australia PR through the Subclass 888 Business Innovation and Investment Permanent visa.

After residing for 12 months in Australia, the applicants can usually apply for the Australia PR, as quoted by the Workpermit. They are required to submit an Expression of Interest through Skill Select mode prior to receiving the invitation to apply.

Applicants must have also not have been associated with the illegal or unacceptable investment or business activities. They must secure a minimum of 65 points in the test for points to be able to be eligible for the Subclass 188 Business Innovation and Investment visa.

The 4 categories Australia Subclass 188 Business Innovation and Investment visa are:

Business Innovation category

It is for successful business people who intend to develop or establish a business in Australia.

Investor category

It is for overseas investors who intend to make an investment of minimum 1.5 million $ AUD in Australia. They must continue the investment or business activity for a minimum of 24 months.

Significant Investor category

It is for overseas investors who intend to make an investment of minimum 5 million $ AUD in Australia. They would also like to continue the investment or business activity after the expiry of their provisional visa.

Premium Investor category

It is for overseas investors who intend to make an investment of minimum 15 million $ AUD in Australia in a premium complying institution. They would also like to continue the investment or business activity in Australia after the expiry of their provisional visa.

Y-Axis Melbourne is an authorized immigration consultancy that offers latest and professional assistance and advice regarding the best visa options for the clients. Our immigration agents are registered with Registered Migration Agent Melbourne and are competent, dedicated and experienced.

If you are looking to Study, Work, Visit, Invest or Migrate to Australia, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.

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Anshul Singhal

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