Why Subclass 188A Visa?

• Over 700 visas granted in 2020
• Establish your business in Australia
• Get Australia PR and enjoy benefits
• Settle in Australia with your family
• Best Pathway to get Australian citizenship

Australia Business Innovation Stream (Subclass 188A Visa)

The Australia Business Innovation stream or subclass 188A visa is a provisional visa for people who are willing to establish their businesses in Australia.  The applicants must have an ownership stake in one or two businesses with a turnover of AUD750,000 in each of the past two fiscal years before receiving an invitation to apply.

The subclass 188A visa helps a businessperson to operate their business in Australia, gives an opportunity to stay in Australia for up to 5 years, and lets you bring your family members with you. The visa also allows one to apply for Australian permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream.

Benefits of Business Innovation Stream

• Operate your business in Australia: The applicant of the subclass 188A visa must operate their existing or new business in Australia. Also, the applicant and their applying family members must obey Australian laws and comply with all the requirements.
• Stay in Australia for up to 5 years: With the Business Innovation stream, you can stay in Australia for up to five years.
• Bring your family members to Australia: You can add your dependent children while applying for the visa. However, they must meet the character and health requirements.
• Best Pathway to Australia PR: After meeting specific requirements, you can apply for a permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream.
• Travel to and from Australia multiple times: With the subclass 188A visa, one can travel to and from Australia number of times within the validity.

Eligibility criteria of Australia Business Innovation Stream

• Age: Be under the age of 55.
• Language Proficiency: Proficient in English language.
• Heath: Meet the health and character requirements.
• Proof of funds: Should be able to invest AUD 1.5 to AUD 2.5 million.

Requirements of Australia Business Innovation Stream

• 65 points in Australia points grid: On the points test, one must achieve a minimum of 65 points based on your business turnover, English language ability, innovation, education qualification, work experience, etc.
• Invitation to Apply: In order to receive an invitation to apply, one must submit their Expression of Interest (EOI), and a government agency of any Australian State or Territory must accept the EOI and nominate you. After they nominate you, they will send you the Invitation to Apply (ITA).
• Get nominated: A government agency of any Australian state or Territory must nominate you before inviting you to apply for the visa.
• Business ownership: You must have an ownership stake in one or two businesses with a turnover of AUD750,000 in each of the past two fiscal years before receiving an invitation to apply.
• Personal and business assets: When you get an ITA, you, your partner, or you and your partner must have minimum combined personal and business assets of AUD1.25 million.

Steps to apply for Australia Business Innovation Stream

STEP 1: Check the eligibility requirements.

STEP 2: Prepare a checklist of all the requirements.

STEP 3: Register your Expression of Interest (EOI).

STEP 4: Get your Invitation to Apply.

STEP 5: Submit your application.

STEP 6: Get your visa and fly to Australia.

Processing time of Business Innovation Stream

The processing time for subclass 188A varies between 15 to 36 months. However, the processing time depends on various factors like completing the application form correctly, time taken for background verification, discrepancies in the document inclusion, etc.

Processing fee of Business Innovation Stream

The processing fee of the subclass 188A visa for the principal applicant is AUD6,270.

However, there is an additional cost for each family member applying with you. An additional applicant over eighteen years of age will have to pay a processing fee of AUD3,135, while an additional applicant under the age of eighteen must pay a processing fee of AUD1,565.

The second instalment charges for the principal applicant are AUD9,795 and AUD4,890 for each additional family member accompanying.

Y-Axis – Leading Australia Immigration Consultant

Y-Axis is a top-notch overseas immigration consultancy that offers unbiased immigration services tailored to each client’s interests and needs. Our exceptional services include the following:

• Get a free eligibility check for Australia Immigration via Y-Axis Australia Immigration Points Calculator
• Avail expert guidance and counseling for Australia immigration
• Take advantage of our coaching services for CELPIP and IELTS proficiency
• Book your slot today for free career counseling
• Get complete guidance for Australia PR visa
• Find jobs in Quebec with our job search services