Business Innovations and Investment Visa (188B) and Permanent Visa (888B)
This visa is for those with a successful business or investment career, as well as a realistic commitment to invest or conduct business in Australia, and who are willing to invest at least $1.5 million in the country over four years.
The 188B visa is the first step to qualify for a Permanent 888B visa.
To qualify for a Business Innovations and Investment Visa (188B), you must:
Be invited (either you, your partner, or you and your partner) to manage your investments for at least one of the past five fiscal years. Also,
- Your total investments must be worth at least $1.5 million, or
- You must manage a qualifying business where you owned at least 10% of the total business
Have a net value of at least AUD $2.25 million for the past two fiscal years
Receive at least 65 points in an Innovation Points test
Once you acquire a 118B visa, you can qualify for a permanent 888B visa by:
Holding a current 188B visa
Meeting Australia's health and character requirements
Living in Australia for at least two of the past four years
Investing at least $1.5 million in designated investments in the past four years
For more information, visit the Australian Department of Home Affairs website:
Please note: Any application, notarial, translation, visa, inspection, and Tsinghua certification fees, as well as any other third-party related expenses, will need to be paid separately. Also, the cost of applying for this visa varies on a case-by-case basis.