Business Innovation and Investment (Subclass 188) visas are for people who want to invest in and manage a business in Australia. There are three streams of subclass 188 visas:
188A: This stream is for people who want to invest in a new or existing business in Australia. You must have a business plan that is likely to be successful in Australia, and you must invest at least AUD 500,000.
188B: This stream is for people who want to invest in a business in a regional area of Australia. You must have a business plan that is likely to be successful in the regional area, and you must invest at least AUD 400,000.
188C: This stream is for people who want to invest in a government-approved fund. You must invest at least AUD 1.5 million in the fund.
Once you have been granted a Subclass 188 visa, you will be eligible to apply for a permanent visa (Subclass 888). To be eligible for a Subclass 888 visa, you must have met certain requirements, such as:
You must have maintained your investment in Australia.
You must have created or maintained jobs in Australia.
You must have contributed to the Australian economy.
If you are interested in applying for a Business Innovation and Investment (Subclass 188) visa, you should speak to an immigration lawyer, which is us, or a registered migration agent to discuss your specific circumstances. We will be able to help you assess your eligibility for a business migration visa and to prepare your application.
| Subclass | Investment amount | Regional area requirement |
|---|---|---|
| 188A | AUD 500,000 | No |
| 188B | AUD 400,000 | Yes |
| 188C | AUD 1.5 million | No |
Benefits of settling in Australia with family
Of course, there are also some challenges to settling in Australia with family, such as the distance from family and friends back home, and the cost of moving. However, the benefits of living in Australia often outweigh the challenges.
High quality of life:
Australia is consistently ranked as one of the best countries in the world to live in, with high standards of education, healthcare, and safety
Multicultural society:
Australia is a multicultural society, with people from all over the world calling it home. This means that there is a wide variety of cultures and experiences to be found in Australia.
Affordable cost of living:
Australia is a relatively affordable country to live in, especially when compared to other developed countries.
Family-friendly environment:
Australia is a very family-friendly country, with plenty of parks, playgrounds, and other activities for children.
Beautiful scenery:
Australia is a beautiful country, with stunning beaches, mountains, and forests. There are plenty of opportunities to explore the outdoors in Australia.
