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 days ago
Immigration is a complicated process. When I thought to Apply for Australian Immigration, I was really not sure as there are several. My friend suggested me to visit Y-Axis. Netra Mirpuri was the firs… Read More
Y-Axis 3 days ago
We got our Aus PR visa done and a huge thanks to Y-Axis for being a part of this journey with us. Saumik Mitra has been a great consultant and literally spoon-fed us at every stage of the process. I r… Read More
Y-Axis 3 days ago
We are very happy with the service provided by Y-Axis in processing our Australian PR application. Mr. Carlisle Khan from the Australian office and Ms.Hima Bindu & Mr. Syed Afroz from Indian offic… Read More
Y-Axis 3 days ago
We are very happy with the service provided by Y-Axis in processing our Australian PR application. Mr. Carlisle Khan from the Australian office and Ms.Hima Bindu & Mr. Syed Afroz from Indian offic… Read More
Y-Axis 3 days ago
Secured Visa 190 for PR for the family of 4 without any hassles. Chaitanya Kumar Mekala has provided excellent service, he is top notch in understanding all the requirements for the VISA. Has only req… Read More
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