188B | REQUIREMENTS FOR THE BUSINESS INVESTMENT (PROVISIONAL) VISA

VISA SERVICES

188B ELIGIBILITY REQUIREMENTS – INVESTMENT STREAM

Be under the age of 55 yeas old when invited to apply (exemptions may be applicable)
Have at least 65 points
Lodged an Expression of Interest in which you have received an invitation to apply for
Be nominated by an Australian State or Territory government
Have at least 3 years of experience in managing one or more qualifying businesses or eligible investment
Directly managed the following for at least 1 out of the last 5 fiscal years before you were invited to apply (can be combined with your partner):
1. Own at least 10% of a qualifying business** or
2. An eligible investment* of at least AUD$2.5 million
Have total net business and personal assets of AUD$2.5 million that is available to be transferred to Australia within 2 years of visa grant

*Eligible investments include:

**Qualifying Business

UPDATES

As of July 2021, this visa stream is valid for up to 5 years with an available permanent residency pathway after 3 years and 11 months of continued investment activity in the nominating state or territory government.

Criteria	Threshold	Points
Age	18 – 24 years old	20
	25 – 32 years old	30
	33 – 39 years old	25
	40 – 44 years old	20
	45 – 54 years old	15
	55 years old and older	0
English Language Skills	Vocational English	5
	Proficient English	10
Educational	Trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an educational institution of a recognised standard	5
	Bachelor degree in business, science or technology by an Australian institution or educational institution of a recognised standard	10
Financial Assets (You and your partner’s Net business and personal assets preceding 2 fiscal years before the time of invitation)	Not less than AUD$750,000	5
	Not less than AUD$1.25 million	15
	Not less than AUD$1.75 million	25
	Not less than AUD$2.25 million	35
Business Turnover (2 out of the last 4 fiscal years)	Not less than AUD$750,000	5
	Not less than AUD$1.25 million	15
	Not less than AUD$1.75 million	25
	Not less than AUD$2.25 million	35
Investor Experience	Not less than 4 years	10
	Not less than 7 years	15
Business Innovation	Patents or designed registered not less than 1 year before time of application	15
	Trademarks registered not less than 1 year before time of application	10
	Ownership in and day to day participation in the management of one or more main business operated under a formal joint venture agreement/s entered into not less than 1 year before time of application	5
	Ownership interest in a main business(es) that derives no less than 50% of annual turnover from export trade	15
	Ownership interest in a main buisness(es) not more that 5 years before: Had an average annualised growth in turnover that was greater than 20% per annum over 3 continuous fiscal years and in at least one of the 3 fiscal years employed 10 or more employees for a total number of hours that was at least the total number of hours that would have been worked by 10 full-time employees	10
	Ownership interest in a main business(es) that received: A grant from a government body in your home country of at least AUD$10,000 for the purposes of early phase start up of a business, product commercialisation, business development or business expansion or Venture capital funding of at least AUD100,000 not more than 4 years before the time of the invitation for the purposes of early phase start up of a business, product commercialisation, business development or business expansion	10
Special endorsement	The nominating State or Territory government agency has determined that your proposed business is of unique and important benefit to the State or Territory where the nominating government agency is located	10

HOW IT WORKS

APPLICATION PROCESS

STEP 1.

Expression of Interest
In order to be eligible for the Subclass 188A Business Innovation Stream (Provisional), we will need to submit an Expression of Interest (EOI) to get state nomination. We will look at the documents you are able to provide prior to submitting the EOI to ensure that we are able to provide evidence to further support the points claimed in the EOI, if not it may result in a refusal.

STEP 2.

Preparation of documents
Upon the submission of the EOI, we will have to wait until a state or territory issues an invitation to apply for the visa. We will start preparing all the documents beforehand so that we are ready when the invitation is issued. You will only have 60 calendar days from the the date of invitation to apply so it is crucial that we start preparing early.

STEP 3.

Visa Application
Depending on the invitation round, you can start applying for the visa once you have received an invitation. Receiving an invitation does not guarantee a successful application, we will submit the documents necessary that will best maximise your chances at a positive outcome. Additionally, we will also respond to all Request for Further Information (RFI) from the Department of Home Affairs within 14 days.

BENEFITS

Temporary residency

Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to live and work in Australia without any limitations.

Full work & study rights

Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to live and work in Australia without any limitations.

Travel freely

Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to travel in and out of Australia without having to apply for another visa while the visa is valid.

Sponsor family members

Holders of the Subclass 188A Business Innovation Stream (Provisional) will be able to add family members as dependents on the application (if eligible).

Apply for permanent residency

You can apply for permanent residency through the Subclass 888A Business Innovation Stream (Permanent) if all requirements are met after 3 years of holding the Subclass 188A Business Innovation Stream (Provisional).

FASTEST VISA APPLICATION PROCESS AND PROMPT RESPONSE

Did you know that your visa outcome depends on the quality of application made to the Department of Home Affairs? A proper decision-ready application will always bring you a faster decision from the DHA. At Flyworld Migration, our registered migration agents in Melbourne will provide you with tailor made instructions and a checklist of documents, and an application for a visa will be made with a legal submission. This process will assist case officers to cross check your application with relevant legislative provisions and finalise the application.

Testimonials

WHAT OUR CLIENTS ARE SAYING

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Extremely happy with the service provided by Flyworld Immigration team. A big thank you for all your effort and dedication to my visa application. Everything happens only because of your team work. I got my visa granted within short period of time.

Simi

I got visa for my parents granted in a matter of few weeks. I sincerely thank Blessy Jose from Flyworld team for all her effort. She is very sincere and committed to her work and also always reachable on phone. She has also been very prompt in her response.

Ajikumar

I got my 491 visa granted today with all true guidance and help by the Flyworld team. It was an amazing experience with the Flyworld team.

Hassan

Words can’t describe how amazing my experience with Flyworld Immigration has been, and the person to thank for all that is Joe who is a lawyer at this firm.

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A very good team, who were approachable and friendly. Timely communication was the key feature to their Service. My experience of getting an Australian tourist Visa was commendable.

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Thank you so much Aneetta and Flyworld for the help during my process.Aneetta was so helpful and replied me immediately every time I had a doubt and clarified.Am so happy for the cooperation and coordination from the team.

Febi

The team Flyworld Immigration assisted me really well to get my SC485 visa. Special thanks to Seethal and Jose George for helping me through out the process.

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I had a great experience with the flyworld migration especially with Ridhin and Sneha. They are one of the excellent members of there team with great professionalism , simplsity and knowledgeability. Till my APHRA registration they helped and supported me a lot and made the process easy and stress free.Thank you all.

HOW WE CAN HELP YOU

Subclass 188

Business Investment & Innovation (Provisional) Visa
Subclass 188 is a provisional visa for people with business skills that allows you to operate a new or existing business in Australia.

Subclass 132

Business Talent (Permanent) Visa

Sublcass 132 visa is for experienced business owners, to operate a new or existing business in Australia.

Subclass 888

Business Investment & Innovation (Permanent) Visa

Subclass 888 Business Innovation and Investment (Permanent) visa (subclass 888)

riju korah

28 July 2024

Thanks Flyworld!. I am writing to express my sincere appreciation for the exceptional service I received from Flyworld. The whole experience was nothing short of outstanding. I would also like to express my gratitude for the prompt and helpful communication throughout the process. Nadersha was always available to answer my calls and messages, ensuring that I was kept informed every step of the process. Thanks Nad.

Elon Musk

I used flyworld to gain my ahpra registration for Australia. In particular, Subha was instrumental in helping me achieve this. I cannot recommend flyworld enough as they are professional and efficient immigration agency. Flyworld are well established and have lots of experts guiding you through the process. They are responsive and have a answer for all your questions

PG RAPHEL

27 July 2024

Thank you Flyworld and Jinu , for helping me to get my graduate visa 485 promptly,Hoping for your support in the future endeavours too.

Rosemary Mathew

26 July 2024

I'm incredibly grateful to Flyworld Migration & Legal Services, for their exceptional assistance throughout my visa application process. From the very first consultation, their team demonstrated a remarkable approachable attitude, promptly addressing all my queries and concern. My Sincere thanks toThara S Namboothiri, Prince J Abraham and the entire Flyworld team for the assistance provided in each and every step of visa application till the 491 visa grant. Thanks to Veena, Lipsy and Athira for the assistance provided in the initial stages of application. A special shoutout to my case officer Saranya S, for her proactive mentality and dedication. Her timely response was truly commendable, ensuring every step of the process was smooth. I highly recommend Flyworld to anyone considering migration services. Thank you once again for your outstanding service and support!

deva prakash

Thanks flyworld. Really appreciate Mr.Junaid.He was polite and responsive at any time.Thank you Mr Junaid.

Archana

Thank you so much Flyworld for all the support during this visa process. A special thanks to Lipsy, Seethal and Jose for the understanding and patience during this long period. Whenever we had queries, someone from the team was always there to help us. A good one to go with for Australia immigration and visa.

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25 July 2024

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24 July 2024

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