AUSTRALIA BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) VISA (SUBCLASS 188)

Set up an Innovative Business

No Initial Job Creation Targets

Startup Entrepreneur Visa For Ireland

Overview

Australia is a steady, democratic and ethnically diverse nation with an extremely skilled labor force and one of the strongest performing economies in the world. With outstanding landscapes and a rich ancient culture, Australia is a land like no other. It is the earth’s sixth-largest country in land area and is the only nation to govern an entire continent.

Australia encourages successful and talented business people to own or invest in a business in Australia and benefit from the vast opportunities in the country. The Australian Business Innovation & Investment Stream (Provisional) visa (subclass 188) facilitates the same. This is a temporary business skills visa that supports successful business people to start a new or own existing business in Australia. This visa is valid for a period of 4 years and it allows the eligible visa holders to apply for permanent residence if the requirement of their provisional visa for at least 2 years is fulfilled.

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Benefits of setting up business in Australia

  • The right to establish a new or develop an existing business, or to invest in Australia
  • Unlimited travel in and out of Australia
  • Bring family members with you to Australia
  • Opportunity to apply for Australian citizenship
  • The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)
  • It is also possible to extend your visa for a further two years if you have applied and been granted the Subclass 188 visa under the Business Innovation stream

Eligibility

  • Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years
  • Net personal and business assets of at least AUD 800,000
  • Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit
  • Meet the pass mark in the Business Innovation and Investment Points test currently 65 points. Points are awarded on
    Age
    English language ability
    Qualifications
    Experience in business or investment
    Net personal and business assets
    Business turnover
    Innovation
    Special endorsement
  • Have an overall successful career in business

Application Cost

  • The cost of Visa fee is starting from AUD$585, additional costs for the family member.
  • *Please note that the correct amount can be derived only from official Visa pricing estimator, because it changes frequently.

Process Timeline

  • Expression of Interest- 1-24 months depends on the pool draw
  • State Sponsorship (As per the applicable nominated state once you file for the EOI) – 0-6 months
  • Visa Application-DIBP – 5 months from the date the payment is made for the application

*Process time lines are defined by the embassy, it could increase or decrease as per the load of the applications received.

Y-Axis Deliverables

  • Documentation Guidance
  • Provide relevant templates
  • Fill Online Application form
  • Business Plan Preparation
  • Regular Updates on your case / the process
  • Guidance on Investment Process
  • Advise on Medicals and obtaining police clearance certificate
  • Visa Interview Preparation, if required

Testimonials

Y-Axis 3 days ago
It was a great experience working with Ms Rozeena Patni for the processing of my Visa application with initial support from Sanjay Kumar and Roja Gundeboina. This was my second successful application.… Read More
Y-Axis 3 weeks ago
I would like to thank Syed Juveria for her guidance. I am really impressed with the way she answered all my queries with patience. She was very polite and supportive throughout the process and also ex… Read More
Y-Axis 4 weeks ago
Thanks Y Axis, Consultant Shiva Janjirala displayed outatnding patience and was very professional in his overall approach for my Visa Application. This is the third Visa I have successfully processed… Read More
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