Provisional Business Visas

Provisional Business Visas

A Provisional Business Visa Australia is for people with good business skills who aim to
extend their business or set up a new business in Australia. This Business visa is a part of
the Business Innovation and Investment (Provisional) Visa subclass 188, which is a
temporary visa. The 188 business visa is further divided into several streams including the
Business Innovation stream, the Investor stream, the Significant Investor stream.Upright
Migration Consultants as the best migration agent Perth and best migration agents in
Melbourne help you assist with the business visa 188.

Business Innovation 188A

Business Innovation 188A in other terms, Subclass 188A visa is an Australian business visa
for people with potential and sharp business skills. This visa is specifically for people who
already have their business running in any other country and want to open their business
now in Australia. Before you proceed to apply for this visa Nomination by an Australian State
or Territory Government is mandatory. The following are the business visa australia
requirements to be eligible for Business innovation 188A

Criteria for Applying 188A Visa

1. The respective persons that aim to hold this visa must be under 55 years of age.
2. A minimum of 65 points is required in the points test.
3. Applicants should maintain a record of running a successful business.
4. Before applying for this Visa, applicants should have an ownership stake in Business with
   turnovers of at least 500,000AUD in the last 2 years.
5. Additionally, they should possess net assets of 800,000AUD minimum.
   
   Investor Visa 188B

The Investor Visa 188B in other terms Business Investor Visa is a type of Australia business
visa that is a temporary visa valid for 4 years nominated by the Australian Government. To
apply for this business investor visa australia, applicants should possess a high level
management skills and maintain a successful record of their running business. People
seeking permanent residency from an Investor visa must ensure to maintain investments in
the country for atleast 4 years and should hold Subclass 188A visa for at least 2 years.
Applicants that are outside Australia or living in Australia can apply for this visa and
Australian citizens must hold appropriate visas. The following are the business visa
requirements for Australia to be eligible for australia business investment vis

Criteria for applying 188B Visa

1. Applicants should have an investment of 1.5 million AUD in State or Government Bonds
2. Before applying for the visa, applicants must demonstrate net family assets of 2.25 million
   AUD for the last 2 fiscal years.
3. Applicants need to pass the business and innovation test to claim this visa.
4. An applicant should be under 55 years old.
5. For combined business ventures, applicants should have at least 10% ownership interest
   for at least 1 to 5 fiscal years.

Significant Investor Stream 188C

The Significant Investor Stream 188C is for investors that intend to invest at least 5 million
AUD in Australian securities or Government with the commitment to hold the investment for
a minimum of 4 years. Applicants should be nominated by the Australian Government or
Territory before they apply for this visa. Australian citizens or residents of australia must hold
a substantive visa

Criteria for applying 188C Visa

1. Applicants need an invitation from a Government Agency before they apply for the visa.
2. Applicants should possess genuine intentions to stay in the state whose government
   agency has sent the invitation.
3. A minimum investment of 5 million AUD is required.
4. There are no age restrictions for applicants
5. No point test is required to apply for 188C Visa

FAQS

1. What is the processing time for Australia visa 188?
   A. For visa under 188A business innovation stream, the processing time can take up to 18-20 months; for a visa under 188B investor stream, the processing time can take up to 19-23months before a decision can be made.
   
2. Can I work in Australia with a 188 visa?
   A. Applicants are able to include their family members in their application, who will be given full work and study rights in Australia.
   
3. How many points do you need for a 188 visa in Australia?
   A. A. Applicants should score at least 65 on the points test

Permanent Business Visa

The purpose of Permanent Business Visas in Australia is to encourage people with business
skills and money to invest in Australia. This permanent visa is further divided into streams
like Business Innovation 888A, Investor 888B and Significant Investor Stream 888C.

Business Innovation 888A

The Business Innovation Visa 888A is the second stage of the Business Innovation and
Investment visa, enabling applicants to invest in and operate businesses simultaneously in
Australia while obtaining permanent residency. To apply for Business Innovation Visa
applicants should hold 188A visa or subclass 444 visa. If it is a long stay in Australia,
subclass 475 would also work. Sponsorship to your family members becomes easier with
owning a 888A visa i.e you will be eligible for sponsoring a business sponsorship visa.

Criteria for applying 888A visa

1. Applicants should be nominated by the state or territory government.
2. Applicants must have owned a business in Australia for at least 2 years.
3. Applicants must provide business activity statements for 2 years and possess an
   Australian Business Number (ABN)
4. While applying for 888A visa, if your business turnover exceeds 400,000 AUD turnover
   annually, then the applicant must own 30% share and if it exceeds 51% ownership in the
   business.

Investor 888B

The Investor Visa 888B is a permanent visa that allows respective individuals to invest or run
business in Australia under the Subclass 188B business visa. This allows applicants to apply
for Australian Citizenship and reside permanently in Australia. Also an investor 888B Visa
holder can sponsor their relatives to visit Australia.
Criteria for applying 888B Visa

1. An applicant must hold a 188B Visa nominated by state government.
2. Applicant or his/her partner must have resided in the nominate state for 2 years minimum.
3. The particular investment must be done in the name of the applicant and must hold for a
   minimum of 4 years.
4. Applicants should possess genuine intentions to continue their business in Australia for a
   long term.

Significant Investor Stream 888C

The Significant Investor Stream 888C Visa is a permanent visa that allows individuals to
invest and run their business in the nominated state or territory in Australia. Applicants
should need a nomination from the State or Territory Government.
Criteria for applying 888C Visa

1. Applicants must reside in the nominated state or territory.
2. Applicants should hold a Subclass 188 Visa
3. Applicants should continue their business even after obtaining a provisional business
   Visa.
4. Applicants should live in Australia for at least 40 days and maximum 120 days in a

FAQS

1. What is Australia visa type 888?
   A. This is a permanent visa that lets you continue your investment activities in Australia
   permanently.
   
2. What is business Innovation visa in Australia?
   A. This provisional visa is for people with business skills. It lets you operate a new or existing
   business in Australia for 5 years.
   
3. How long does it take to get 888 visa in Australia?
   A. The processing times for the subclass 888 visa vary depending on the specific stream:
   Business Innovation stream : 26 – 31 months and Significant Investor stream : 27 – 35
   months.