Guide To Business Visa Under Subclass 188 To Australia

1
Guide To Business Visa
Under
Subclass 188
To
Australia
2
The String Trees
Introduction

• If you are an entrepreneur or investor seeking to
  expand your business in Australia, obtaining a
  business visa is essential. The Subclass 188
  Business Innovation and Investment visa is a
  popular choice for individuals seeking temporary
  residency in Australia. This provisional visa
  allows you to establish or invest in a business
  in Australia and is designed to attract talented
  businesspeople to the country.

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• The Subclass 188 visa falls under the Business
  Innovation and Investment program and offers five
  streams Business Innovation, Investor,
  Significant Investor, Premium Investor, and
  Entrepreneur. Each stream has its own set of
  requirements and criteria, so it's crucial to
  choose the one that best fits your business goals
  and aspirations.

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• To be eligible for the Subclass 188 visa, you'll
  need to meet various criteria, such as
  demonstrating a genuine commitment to
  establishing or investing in a business in
  Australia, meeting the relevant health and
  character requirements, and having sufficient
  funds to support yourself and any dependents
  during your temporary residency in Australia.
• The visa also includes a range of provisions,
  such as the requirement to maintain business or
  investment activities in Australia and the option
  to apply for a permanent residency visa after
  meeting specific criteria.
• Navigating the application process can be
  daunting, so seeking guidance from an experienced
  immigration lawyer or migration agent is
  essential. With the right support, you can
  improve your chances of securing a Subclass 188
  visa and starting your business venture in
  Australia.

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• In this article, we will guide you through the
  process of obtaining a Subclass 188 Business
  Innovation and Investment visa, which is a
  popular choice for those looking to start or
  invest in businesses in Australia.

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• Provisional Visa The Subclass 188 visa is a
  provisional visa, which means it is valid for
  four years and three months. During this time,
  you must maintain your business or investment
  activities in Australia.

• Eligibility Criteria To apply for the Subclass
  188 visa, you must meet certain eligibility
  criteria. You must demonstrate a genuine
  commitment to establishing or investing in a
  business in Australia. You must also meet the
  relevant health and character requirements and
  have sufficient funds to support yourself and any
  dependents during your temporary residency in
  Australia.

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• Business Innovation Stream The Business
  Innovation stream is designed for individuals who
  want to own and manage a new or existing business
  in Australia. To be eligible for this stream, you
  must be under 55 years old, have a successful
  business career, and have a business turnover of
  at least AUD 500,000.

• Investor Stream The Investor stream is for
  individuals who wish to make a designated
  investment of at least AUD 1.5 million in an
  Australian state or territory. To be eligible for
  this program, you must be under 55 years old,
  have a successful investment career, and possess
  a net worth of at least AUD 2.25 million.

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• Entrepreneur Stream The Entrepreneur stream is
  for individuals who have a funding agreement from
  a third party for at least AUD 200,000 to
  undertake a complying entrepreneur activity in
  Australia. To be eligible for this stream, you
  must be under 55 years of age and have a
  successful entrepreneurial career.
• Permanent Residency After meeting certain
  criteria, you can apply for a permanent residency
  visa under the Subclass 888 visa. The criteria
  vary depending on the stream you applied for
  under the Subclass 188 visa.
• Health and Character Requirements To be eligible
  for the Subclass 188 visa, you must meet the
  relevant health and character requirements. You
  may need to undergo a health examination, and you
  must not have a criminal record or be associated
  with activities that are considered a risk to
  national security.
• Application Process The application process for
  the Subclass 188 visa can be complex, and it's
  essential to seek guidance from an experienced
  immigration lawyer or migration agent. You must
  submit a detailed business plan along with
  supporting documents, including financial
  statements and evidence of your qualifications
  and experience.

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• Premium Investor Stream The Premium Investor
  Stream is designed for individuals interested in
  investing a minimum of AUD 15 million in
  complying premium investments in Australia. To be
  eligible for this stream, you must be invited by
  the Australian government to apply.

• Significant Investor Stream The Significant
  Investor stream is for individuals who want to
  invest at least AUD 5 million in complying
  investments in Australia. To be eligible for this
  stream, you must be under 55 years old, have a
  successful investment career, and have a net
  worth of at least AUD 5 million.

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Before You Go

• The Business Visa Subclass 188 is the primary and
  excellent choice for individuals interested in
  investing, developing, or establishing a business
  in Australia. This visa allows you to work and
  study in the country for up to four years,
  providing a pathway to permanent residency. It is
  essential to meet the eligibility criteria and be
  nominated by a state or territory government or
  Australia before applying for this visa.

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• The Subclass 188 visa is specifically designed
  for individuals who want to make a significant
  contribution to the Australian economy. The visa
  for business in Australia is a Provisional Visa
  and falls under the category of Business
  Innovation and Investment. It requires a
  compelling investment for the Investor and
  Premium Investor streams and a detailed business
  plan for the Business Innovation stream.

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• In conclusion, the Business Visa Subclass 188 is
  an attractive option for individuals seeking to
  invest or establish a business in Australia. With
  the support of a state or territory government or
  Australian nomination and a compelling investment
  or detailed business plan, you could be well on
  your way to obtaining a provisional visa,
  providing a pathway to permanent residency and a
  prosperous future in Australia.