AUSTRALIA BUSINESS INNOVATION STREAM (PROVISIONAL) VISA (SUBCLASS 188)

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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Program Benefits

  • 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
  • a) Age
    b) English language ability
    c) Qualifications
    d) Experience in business or investment
    e) Net personal and business assets
    f) Business turnover
    g) Innovation
    h) 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 Time

Migration Process time:

  • 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 timelines 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
  • Advise on Medicals and obtaining police clearance certificate
  • Visa Interview Preparation, if required

Testimonials

Y-Axis 2 hours ago
I personally had a very good experience with Y-Axis team. Very professional and respond to the queries timely. Special thanks to vaibhavi,muddasir. They helped me all the way. Very dedicated and we… Read More
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Very professional people and everything is organized and well coordinated. i strongly recommend hiring them for such services. thanks Mr Krishan and Mr Arvin for all the support and help Review By :… Read More
Y-Axis 2 hours ago
Y-Axis is very organized and follows strict processes to streamline your application. Juveria, the consultant assigned to me has very prompt responses and kept pushing me through the overall process.… Read More
Y-Axis 2 weeks ago
The Service provided by Y-Axis consultancy was extremely good . I would like to thank my Process Consultant Mr Satish Ellapu for guiding us through the entire PR Process. Satish has end to end knowled… Read More
Y-Axis 2 weeks ago
After Getting my Visa Refused i thought the doors to Australia are closed for ever but Y-Axis, Arvin (Aus), Pradeep have literally gave me my life back. Especially Arvin from Australia. Can’t ex… Read More
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