Australia Business Innovation and Investment 188 Visa (Temporary)
The Australia Business Innovation and Investment 188 Visa is aimed at successful business owners and investors who have the drive and resources to contribute to Australia’s economic growth. This temporary visa gives you temporary residency in Australia for an initial period of five years, with a potential route to permanent residency if you meet certain criteria.
Business Innovation and Investment 188 visa holders can apply for permanent residence through the Investor 888 visa after meeting the requirements of demonstrating successful ongoing business or investment activities in Australia and meeting the residence requirements specific to the type of stream in which the Business Innovation and Investment 188 Visa is issued:
The Business Innovation and Investment 188 Visa has five main streams. These are Business Innovation, Investor, Significant Investor, Premium Investor and Entrepreneur. Each type of stream has its specific requirements and caters to different kinds of business and investment activities.
Australia Business Innovation and Investment 188 Visa General Requirements
Although there are different stream types of the Business Innovation and Investment 188 Visa, there are a few common requirements for these visas that all applicants must meet:
Innovation Score Test
Applicants must score at least 65 points. The score is calculated based on several factors, including age, English proficiency, educational qualifications, work experience, personal and business assets, and a proposed business or investment plan.
Age
Applicants must be under 55, but this requirement may be waived if the proposed business or investment activity will provide exceptional economic benefits to the nominated state or territory.
Work Experience
Applicants must have a successful career in business or investment.
Nomination
Applicants must be nominated by a state or territory government in Australia.
Accepted Exams and Scores for English Level
IELTS, can be Academic or General. An average score of 6, with a minimum of 5 in each section.
Occupational English Test, score equivalent to a B level in each section.
Pearson Test, with an average score of 50, with a minimum score of 36 in each section.
Test of English as a Foreign Language iBT, to score an average of 64 points, with a minimum score of 4 for listening and reading and a minimum score of 14 for writing and speaking.
Cambridge English Advanced Test, get an average score of 169 with a minimum score of 154 in each section.
Australia Business Innovation and Investment 188 Visa Flow Types
1. Australia 188 Visa Business Innovation Stream Special Requirements
Business Innovation and Investment 188 Visa The Business Innovation stream is for individuals with a successful business career who wish to start or acquire an existing business in Australia.
Net Assets: At the date of receipt of the invitation to apply, applicants must have net business and personal assets of at least AUD 1.25 million. These assets must be legally acquired and transferable to Australia within two years of the visa being granted.
Business Ownership: Applicants must have owned one or more businesses for at least two of the four financial years immediately preceding the invitation to apply. The firms must have had an annual turnover of at least AUD 750,000 during these two years.
Percentage Ownership: Applicants must own at least 51% of the business if the turnover is less than AUD 400,000 per annum. 
%30 of the business if turnover is AUD 400,000 per annum. %10 of a publicly traded company.
2. Australia 188 Visa Investor Stream Special Requirements
The investor stream appeals to successful investors with a significant investment portfolio who wish to invest in compliant investments in Australia. It is designed for individuals who desire to conduct business and investment activities with a minimum investment of AUD 2.5 million.
Net Assets: At the time of receiving the invitation to apply, applicants must have net business and personal assets of at least AUD 2.5 million. These assets must be legally acquired and transferable to Australia within two years of the visa being granted.
Business/Investment Management: In at least one of the five financial years immediately preceding the invitation to apply, applicants must have: Managed a business in which they had at least a 10% ownership interest. Managed eligible investments of at least AUD 2.5 million.
Yatırım Gereksinimi: At least AUD 2.5 million must be invested in eligible investments, including AUD 500,000 in a start-up company and small private company fund. At least AUD 750,000 in emerging companies listed on the Australian stock exchange. At least AUD 1.5 million as a balanced investment in managed funds.
İkamet Şartı: Residence Requirement: Applicants must live in the nominated state or territory for at least two years.
3. Australia 188 Visa Significant Investor Flow Special Requirements
Designed for high-net-worth individuals who can invest significant amounts of capital in Australia. It is for people who want to carry out investment activities with a minimum of AUD 5 million. If the person who carries this visa for 3 years fulfills all the conditions, he/she is entitled to apply for a permanent residence permit, i.e. 888 Visa.
Net Assets: At the time of invitation, applicants must have net business and personal assets of at least AUD 5 million.
Investment Requirement: A minimum investment of AUD 5 million is required, distributed as follows: At least AUD 1 million in a start-up or small private company fund. At least AUD 2.5 million in balanced investments in managed funds. At least AUD 1.5 million in emerging companies listed on the Australian Securities Exchange.
4. Australia 188 Visa Premium Investor Stream Special Requirements
Business Innovation and Investment 188 Visa Premium Investor stream is for people who want to carry out investment activities in Australia with a minimum of AUD 15 million. It is a visa issued for four years and three months. The person who carries this visa for one year is entitled to apply for a permanent residence permit, i.e. 888 Visa, if he fulfills all the conditions.
Net Assets: Applicants must have net commercial and personal assets totaling AUD 15 million.
Investment Requirement: Applicants must invest at least AUD 15 million in specified ways.
Visa Duration: This visa is valid for four years and three months and after a year applicants can apply for a Subclass 888 visa for permanent residence.
5. Australia 188 Visa Entrepreneur Stream Special Requirements
The entrepreneur stream is aimed at innovative and entrepreneurial individuals with a viable business concept and the potential to create jobs in Australia. It is a visa stream prepared by the state or territory government for entrepreneurs in the start-up or early stage phase to develop their concept. The person who carries this visa for four years is entitled to apply for a permanent residence permit, i.e. 888 Visa if they fulfill all the conditions.
Australia Business Innovation and Investment 188 Visa Application Process
Determination of Suitability
Genel ve akışa özgü gereklilikler karşılandıktan sonra, eyalet veya bölge adaylığı alınmalıdır.
Submitting Expression of Interest (EOI)
Submit an EOI through the SkillSelect system and select the state or region for which you wish to be nominated.
Visa Application
After nomination, you will receive an invitation to apply for a visa. The visa application is sent with all the necessary documents.
Review of the Application
The Ministry of Interior will evaluate your application according to the relevant visa criteria. Processing times may vary. If the application is approved, you can receive the 188 visa.
Australia Business Innovation and Investment 188 Visa Supporting Documents
Proof of Business Ownership
Financial Statements
Investment Details
İnovasyon Puan Testi
Proof of Business Ownership: Documents proving business ownership and turnover.
Financial Statements: Documents to prove personal and business assets.
Investment Details: Documentation of investments and their compliance with visa requirements.
Innovation Score Test: Evidence to support the points you have requested, such as educational qualifications and English language proficiency.
Australia Business Innovation and Investment 188 Visa Support and Consulting
The Business Innovation and Investment 188 Visa offers an attractive way for entrepreneurs and investors to start a business in Australia. By understanding the different streams, eligibility requirements, and application process, you can turn your vision of a business venture in Australia into reality. With dedication, innovation, and proper planning, the 188 Visa makes it possible for you to build a successful future in Australia.
For comprehensive information and personalized advice, consider consulting a registered immigration agent who can guide you every step of the way and ensure that your application complies with all relevant requirements. For further information and application, please contact us and ask for our advice at each stage of the application process.
Apply for Ozlinx Migration
Succeeding at the end of the immigration process to Australia requires careful planning and an understanding of the various pathways available. Whether you are a skilled professional, a student, or looking for opportunities in regional areas, there are options tailored to your circumstances. By staying informed and seeking guidance from reputable sources, you can make your journey to Australia safe and smooth.