Subclass 188 visa eligibility criteria, streams, requirements and application process. 188 Visa is a temporary Business Innovation and Investment Visa issued to foreigners who plan on investing in Australia, run their business there, or open a new business. For a business visa 188, you must have a specific amount of personal and business funds and you must be invited before you can apply. Australia Business Innovation and Investment Provisional Visa StreamsBusiness innovation and investment visa 188 has several streams available for applicants
Who Can Apply for a Business Visa 188?In order to qualify for a business visa 188 you must:
Document Checklist for Business Visa 188You must submit a number of documents supporting your business visa 188 application:
How Do I Apply for a Business Visa 188?You can apply for this visa by following two steps:
Business Visa 188 Points TestFor you to get a business visa 188 you must score at least 65 points on the points test. The points test depends on your qualifications, your skills, and your profile. The Department of Foreign Affairs provides this guideline for the score chart. Business Visa 188 Processing TimesFor business visa 188, the Immigration Office doesn’t have a set processing time. However, the more complete your application is the less time it will take to review your application. How Much Does a Business Visa 188 Cost?A business visa 188 costs AUD5,375. However, the fees change if you are applying for different streams:
How Long Is a Business Visa 188 Valid for?Your business visa 188 is valid for four years and three months. Applicants who applied before July 1st of 2015, can only stay for four years. Can I Stay Longer?You can stay longer if you want by applying for a new business visa 188. If you have a business innovation stream or a significant investor stream, you can apply for the business extension visa stream. Can I Get Permanent Residence With a Business Visa 188?You can apply for permanent residence via a business (permanent) visa 888. If you applied for the business visa 188 before 1 July 2015, then you are eligible to apply for permanent residence after 3 years and 11 months. If you are not ready to apply for permanent residence, you can extend your visa to the extension stream (significant investor or innovation stream only). After You Get a Business Visa 188To maintain your business visa 188, you must make sure you:
Follow the Australian Work LawsYou must follow the workplace laws according to the Australian government. All of the workers in Australia have rights and protections at work, so make sure you are aware of these since as a visa holder these apply to you as well.
Source: https://visaguide.world/australia-visa/business/innovation-investment-provisional-visa-188/
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