Invest and Settle in Australia

With incredible opportunities to explore, Australia is one of the best destinations for business people seeking newer shores. Australia is a hotbed for talent and its unique location makes it a regional economic powerhouse. The Australian Business Innovation & Investment Stream (Provisional) visa (subclass 188) allows entrepreneurs to establish or purchase a business in Australia. It is a path to permanent residency that offers incredible benefits to successful applicants. The investor visa team at Y-Axis is one of the most experienced teams globally. Our deep expertise in immigration processes and successful track record make us the perfect partner for your global foray. 

Document for Business Innovation Visa 188

• Copy of recent passport
• An outline of your business plans and goals in Australia
• 6 months bank statement
• Proof that you own a business
• Business License
• Recent Photographs
• Proof of ownership of your asset
• Form 1139A
• Proof of your financial status – Sufficient amount in your bank account for your stay in Belgium
• Funding Agreement
• Point test documents

Business Visa 188 Cost

Visa Type	Visa Cost
188 significant investor stream	AUD 7,880
188 entrepreneur stream	AUD 4,045
188 premium investor stream	AUD 9,455

Benefits of Setting Up Business in Australia:

Entrepreneur visa-two pathways:

If you have a provisional business visa (Business innovation and investment (provisional) visa), you will be eligible for permanent residence after establishing your business
With the Business Innovation and Investment (Provisional) visa, you can;

• Establish a new or develop an existing business, or invest in Australia
• Unlimited travel in and out of Australia
• Bring family members with you to Australia
• 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
• Opportunity to apply for Australian citizenship

Eligibility requirements:

• Have a business turnover of AUD 750,000 for 2 of the last 4 fiscal years
• Have net business and personal assets of AUD 1,250,000 
• Have business ownership 
• Must be below 55 years of age
• Meet the English Language and Character requirements
• Be nominated by a Australian state or Territory
• Have a business concept that meets the Australian state or Territory requirements 
• Meet the points requirements of a minimum 65 points

Application process

• You must register and submit an expression of interest to the Department of Home Affairs.
• Wait for a nomination from a state or territory
• After obtaining an invitation, you can apply for a visa.

Processing time

An Expression of Interest must be filed with the Department of Immigration, and the applicant must be sponsored by a State or Territory government. The Department issues the invitation within a few days after the sponsorship is confirmed. From there, the length of time it takes to process your visa is determined by a number of factors unique to your application.

Subclass 891

The Subclass 891 visa is for immigrants who wish to start a business or want to undertake investment activities in Australia. With this visa, you can stay in the country indefinitely. To be eligible as a primary applicant you must have a qualifying visa.

Y-Axis has a dedicated investor team. The experience of the team combined with our expertise in immigration processes makes us your ideal partner to make your business foray in Australia.

Processing time

An Expression of Interest must be filed with the Department of Immigration, and the applicant must be sponsored by a State or Territory government. The Department issues the invitation within a few days after the sponsorship is confirmed. From there, the length of time it takes to process your visa is determined by a number of factors unique to your application.

Australia permanent residency

The Subclass 891 visa is basically a permanent visa. Individuals who have held the required investment in the country either alone or with a partner are eligible for this visa and can stay indefinitely in the country.

Benefits of the visa

 With the Subclass 891 visa, you can

• Work and study in Australia without restrictions
• Stay in Australia for an unlimited period
• Subscribe for Australia’s universal healthcare scheme
• Apply for Australian citizenship if you are eligible
• Travel in and out of Australia for five years
• You can include your family members in the visa application

Eligibility conditions for the Subclass 891 visa

• You must be the primary holder of a Subclass 162 visa
• You must have lived in the country for at least 2 years in the previous 4 years immediate to the date of your application while having the Provisional) visa (subclass 162)
• You must have held a designated investment of 1.5 million Australian dollars for four years
• You must display a commitment to continue your business activities in Australia
• You and your family members must meet health and character requirements 

Eligibility :

• Ownership of a business with a turnover of at least AUD 750,000 for at least 2 of the last 4 fiscal years
• Net personal and business assets of at least AUD 1,500,000
• 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

The Subclass 891 visa is basically a permanent visa. Individuals who have held the required investment in the country either alone or with a partner are eligible for this visa.