Business Innovation Stream Subclass 188 (Provisional)

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Business Innovation Stream Visa – Subclass 188

This visa provided pathways for business owners and investors to establish or manage businesses and investments in Australia. Please note this visa is no longer available. Contact AustraliaMigrate for alternative options.

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    What Does Visa Let You Do?

    • You can reside in Australia and operate the business you proposed in your subclass 188 Business Innovation application;
    • As it is a full re-entry visa you can travel in and out of Australia for the life of your visa;
    • Include your dependent family members in your application so they can get the same visa as you;
    • This visa is granted for 5 years but an extension for another 2 years can be applied for, to provide the applicant with a maximum period 7 years, from the time of their subclass 188 visa grant
    • You will need to live in Australia for the period of 2 out of 4 years immediately before the date of application for your permanent visa (subclass 888). It does not need to have been for a continuous stay and combining short period of stay may be added together to satisfy this requirement.

    Apply for Permanent Residency

    • You or your partner can apply for Permanent Residence – Business Innovation Stream Visa-Subclass 888 (Permanent), once you or your partner have fulfilled the requirements of this visa (please see Business Innovation Stream 188).
    • Before applying for the 888 (Permanent) the main applicant is required to maintain an ownership interest of a main business/businesses in Australia as was proposed in the 188 application, for a period of at least 2 years prior to the date of application;
    • The applicant is also required to have been in Australia for a period of at least 1 out of the 2 years immediately before an application is made.

    Business Innovation Stream Subclass 188 (Provisional)

    This Visa is designed for people who have an ownership interest in a business in their home country and would like to establish a new or develop an existing business in Australia.

    Business Visas are complex. Please contact our team of registered migration experts for immediate advice and assistance.

    WHO IS ELIGIBLE FOR THIS VISA?

    • You must be able to show you have had a successful business career.
    • Specific criteria have to be met by your business in your home country in which you have had an ownership interest and have been involved in its day to day management and overall strategic direction;
    • One or two of your business had a turnover of AUD750,000 for at least 2 of the 4 fiscal years immediately before the application is made.
    • Whether you have 1 or 2 businesses, you must own at least:
      • 51%, of the total value of the business if the business has a turnover of less than AUD400,000 per year
      • 30%, of the total value of the business if the business has a turnover of AUD400,000 or more per year, or
      • 10%, of the total value of the business if the business is operated by a publicly listed company
    • If your business provides professional, technical or trade services, you must have spent less than half your time providing those services, rather than general management of the business.
    • You, your partner, or you and your partner combined must have total net business and personal assets of at least AUD1,250,000 which are available for the conduct or establishment of a business in Australia and are lawfully acquired and available for transfer to Australia within 2 years of the grant of your visa;
    • Your age must be under 55 or the nominating state or territory must provide their support to waive the age requirement if you can demonstrate that your proposed business activity in Australia is of exceptional benefit to Australia;
    • Be nominated by a state or territory government in Australia before being invited to apply for this visa;
    • Meet the points tested pass mark, set at 65;
    • Have an overall successful business career in your home country, which will involve providing evidence of your involvement in your main business decisions, management and responsibilities;
    • Have a realistic commitment to establish or participate in a qualifying business in Australia and maintain substantial ownership and direct and continuous involvement in the management of that business;
    • Demonstrate a need to be resident in Australia for the purposes of establishing and maintaining a business

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    Why AustraliaMigrate?

    "AustraliaMigrate Pty Ltd has been helping people around the world successfully apply for Australian visas for over 25 years.

    Our professional specialists are highly experienced in the migration environment.”

    We guide individuals and businesses through the complex migration process to Australia. With long years of industry experience, our immigration specialists have built a reputation of providing accessible, accurate and genuine advice to our esteemed clients.

    Our specialists assist in preparing and reviewing your documents and forms before submitting for successful approval. We strive to make the whole immigration process hassle-free for you.

    We have a very high success rate of visa approval and a solid reputation resulting in a large amount of repeat business. We provide immigration services to individuals, families and companies, whether they are small or public companies and in any industry. Immigration is the only thing we do so we are highly specialized in it.

    Immigration is the only thing we do so we are highly specialized in it.

    Client Story

    Sandeep Sharma applied for his Permanent Residence visa under subclass 186 Employer Nominated Sponsorship, after two years of being sponsored under a 457 Employer Sponsorship visa. His Permanent Visa was granted on August 2014.

    I have been in Sydney, Australia for the last 6 years. I was referred to AustraliaMigrate by a friend of mine.

    In the beginning, I was sponsored by my company under a 457 visa. As I would like to stay on in Australia, I applied for the visa Permanent Residence Visa (186).

    The visa application process was complex and very challenging. AustraliaMigrate helped me to prepare and lodge my application in a limited time. My application was approved just within one week and my 457 long stay business visa was granted.

    Sandeep & Ashu Sharma

    What our clients have to say about us

    Thank you Ian. Fabulous news. Thanks to you and your team’s effort and work. Great service.

    Thank you SO so much for all of your patience and work on this. Still hasn’t sunk in yet that I’m actually free! Once again, massive thanks to both you and Mariola!!

    Thanks so much for this excellent news. I’m impressed how fast and smooth it all went, which is a result of excellence in services. Thanks so much for all the attention.

    Thank you Ian ,I highly appreciate your kind efforts. Its a big day for me and my family and you make it possible. May you live long with health, wealth and peace.

    Great news – we’re very pleased with this result. Many thanks to AustraliaMigrate for all your hard work in getting this over the line. Have a lovely weekend!

    That’s the best news I’ve had in a long time. Thanks so much for all your help and patience. You’ve been awesome! 🙂

    This is fantastic news! You have been so helpful throughout this process and a pleasure to work with.

    Thanks again Ian ; as always you never fail to deliver 😉

    Thank you for your working. It is Fantastic news !! I am very happy~. Thank you very much.

    Fantastic news!!! Thank you very much for your help with this one. Great start of the week indeed. Thank you Ian.

    Thanks again Ian, you and your team have been a great help.

    Great news – we’re very pleased with this result. Many thanks to AustraliaMigrate for all your hard work in getting this over the line. Have a lovely weekend!

    Wow that was fast. Thank you very much Mariola and Ian. Great job.

    This is brilliant news we thank you and Ian for helping us out gaining our permanent residency.

    Thank you Ian and your team for making it possible for Sebastian to stay with us.

    I am so happy that my visa application is being accepted, thank you for your help and availability, have a good weekend, and thanks again.

    Hi Ian, A big thanks to you and Lynn for all your help.

    Hi Ian, Thank you so much for your time and hard work. Marilia and myself are both thrilled.

    Thank you so much for all your help and assistance with the application.I am very happy!

    Hi Ian, Thanks foor making my day, week, month and year! This is truly amazing news! Please thank the extended team that worked on our application.

    That’s fantastic, big thanks to all for your kind support and assistance.Many thanks.

    Dear Ian, Izzy and I would like to thank you and your staff so much for all the hard work in helping us to obtain Nazma’s visa in Australia. We know that it could not have happened without you. Many thanks again Ian and will keep in touch. All the best to you and your team for all their assistance.

    Hi Ian, First of all THANK YOU and your team! Thank you for working with us on this application till the very end, thank you for the magnificent news! Although the process was stressful, the result is the only thing that matters and we couldn’t be happier! And the date couldn’t be better! We will always have fireworks on our PR day! And Thank you for your kind wishes! Wish you all the best!

    Thanks so much for your kind efforts to help Sumit and his wife to grant 457 visa.Actually I was overseas and came back yesterday. I am extermely happy for their decision. they both are coming on 12th of March.

    Hi Ian, Amazing news 🙂 Thank you so much to you and your team for all your help. Warren and I are very grateful. We will definitely keep recommend you to friencts and people we know.: )

    Hi Ian and Mariola, Thanks so much for all your help, that’s great news!!

    That’s awesome guys! Thank you guys for all!

    Hi Ian. I just drove through to Neil’s work to tell him and he’s over the moon. It has been such a journey to get here and we have been through SO much to make it all happen – but we would never have done it without you and your amazing team. Thank you from the bottom of my heart. Have a great evening.

    Hello Lynn and Ian, How are you? I just wanted to let you know that my Visa has been granted. I have my Permanent Residency! Thank you for everything, Lynn has been so helpful during the all process. I could never have done it without you. I hope everything is going all right for you guys. Take care.

    Thanks Ian for pushing these through in time.

    Dear Ms Lynn, Thank you for the information, appreciated your time and effort for lodging our visa. Looking forward to seeing you for the future visa. Thank you.

    Hi Kathy & Ian, Thank you so much for this. It’s great news. Thank you once again.

    Hello IAN,Thank you again. It was a wonderful experience working with you.

    Dear Ian and Kathy, I can’t believe it, such good news! Thank you so so much for all your help and effort!!! Richard and I really appreciate it. I can’t find the right words to describe how grateful we are. Thank you! May both of you have a wonderful weekend.

    WOW! This is amazing. Ian, Mariola and team, I cannot express my gratitude enough for all the effort and hard work you put in to making this happen. Thanks you so so much!!!

    Ian and Lynn, Pete and I would like to thank you both for all your direction and hard work to make this happen. We really appreciate it. We’re elated that the Partnership Visa has finally been granted! We will be eternally grateful to both of you for making this tedious process easier for us. We couldn’t have done it without your expertise and guidance. Thank you, thank you, thank you… Have a wonderful day,

    Thank you so much this has made my day 😍😍😍😍😅

    I can’t believe it after all these years

    Thanks again JUST BRILLIANT NEWS!!

    Thank you so so so much for your hard work and support!!! We are very happy and emotional!! Today is actually our wedding anniversary, and this email made today even special.

    I truly appreciate your support all the way.

    Thank you very much for this great news. I am very glad that the wait is over and that I can finally start working

    Thank you for the excellent news 🙂 and thank you for all your help. I really appreciate it!

    You will be hearing from me in the near future.

    Wishing you both all the best, especially in these unpredictable times.

    Thank you so much for all of your help with this application. I have no doubt we would not have looked to so good without your expertise and support.

    You guys have a done a great job and Mariola your professionalism is brilliant.

    Thank you both again.

    OMG

    That is the best news EVER!

    Thank you so so much for all your help to you and Ian! I am so glad I chose you to help me with all my visas all these years!

    Will highly recommend Australia Migrate if I heard anyone looking for an agent 🙂

    Thanks again!

    Hi Ian & Lynn,

    Thanks for your email! We are really thrilled to hear the news!

    Jessica and I really appreciate your support during this time. Without your help, the application process won’t be so smooth.

    Thank you so much.

    WOW WOW WOW!!

    That is amazing!! So super stoked and happy!

    Again, thank you so much for all your effort and work put into this process!!

    My Family & I thanks you from the bottom of their hearts!

    Thank you so much for all your help. We really appreciate it and we are soooo happy – I can’t even described 😊🙏🏻🤗

    Thank you again!

    Latest News

    Subclass 186 Frequently Asked Questions

    Resident Return Visas – What are my Options?

    Living in Australia for at least two years (can be accumulative) in the last 5 years prior to lodging your visa you will automatically be granted a new 5 -year Permanent Residence Visa.

    If you have spent less than 2 years in Australia, then you may be eligible for a one-year RRV. You would need to present ties you have to Australia such as employment, investment, family or business ties.

    Speak to us how best to present your RRV application and what to do in the lag time between lodgement and assessment.

    No, generally not.

    A bridging visa is granted automatically if an applicant has applied for a visa from a substantive visa and the visa which they have applied from expires but the new one they have applied for has not yet been granted. To keep someone lawfully in Australia while the new visa application is being assessed, that person automatically goes onto a Bridging visa A.

    If they want to travel outside of Australia while their visa is being assessed, then they need to apply for a Bridging visa B. At all times, a visa holder must avoid being in Australia without a valid visa or a Bridging visa. People who are unlawfully in Australia are placed on a Bridging visa E which requires them to depart Australia immediately. This usually carries a three-year restriction on any temporary visa that allows re-entry into Australia.

    As a visa holder, you can use VEVO to check your current visa details and conditions.
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