Business Innovation Stream

Subclass 188 Visa Processing Time

Subclass 188 Visa Processing Time

188 visa Eligibility

• Score at least 65 points on the point table
• Have a successful business career
• Own personal and business assets of at least AUD 800,000
• Be an owner of a successful business for at least 2 fiscal years that had a turnover of at least AUD 500,000 in each of two years
• Have an annual turnover of at least AUD 3.0 million
• Be nominated by state or territory government
• Under the age of 55 or above 55 if authorized by the state or territory government
• Have functional English
• Meet health and character requirement

Process Visa Subclass 188

• Calculate the points of interest on the points table
• Submit an Expression of Interest (EOI) in SkillSelect online immigration system that will estimate the point score of each applicant
• Get a nomination by the state or territory government. Only if the applicant secured enough high points to get the nomination and can fulfill the skill requirement
• Receive the invitation by the Department of Home Affairs to apply for the visa
• Apply for the visa
• Submit the required documents

Subclass 188 – Significant Investor Stream

Processing Time

Processing Time for Significant Investor Stream – Subclass 188: No standard time available

Eligibility

• Have genuine intention to live in the nominated state or territory
• Make an investment of at least AUD 5 million
• Be nominated by the state or territory government
• Have functional English
• Meet health and character requirement

Eligibility

• Submit an Expression of Interest (EOI) that includes skills, qualifications and investment experience in SkillSelect online immigration system that will estimate the point score of each applicant
• Get a nomination by the state or territory government agency. Only if the applicant secured enough high points to be nominated and can fulfill the skill requirement.
• Receive the invitation by the Department of Home Affairs to apply for the visa
• Apply for the visa
• Submit the required documents

Subclass 188 – Business Innovation Extension Stream

Processing Time

Processing Time for Business Innovation Extension Stream – Subclass 188: No standard time available

Eligibility

• Must indicate a need for staying in Australia to manage the business
• Have fulfilled the commitment of being directly involved in the business
• Be nominated by the state or territory government
• Have functional English
• Meet health and character requirement

Subclass 188 – Premium Investor Stream

Processing Time

Processing Time for Premium Investor Stream – Subclass 188: No standard time available

Eligibility

• Receive an invitation by the Austrade to invest in Australia
• Make an investment of at least AUD 15 million that comply with all the requirements
• Have net assets of at least AUD 15 million
• Have functional English
• Meet health and character requirement

Subclass 188 – Entrepreneur Stream

Processing Time

Processing Time for Entrepreneur Stream – Subclass 188: No standard time available

Eligibility

• Have received the funding of at least AUD 200,000 from one of the authorized entities
• Be nominated by the state or territory government
• Have a genuine intention of continuing the entrepreneurial activity
• Under the age of 55 or above 55 if authorized by the state or territory government
• Have competent English
• Meet health and character requirement

Process

• Submit an Expression of Interest (EOI) that includes skills, qualifications and investment experience in SkillSelect online immigration system that will estimate the point score of each applicant
• Get a nomination by the state or territory government agency. Only if the applicant secured enough high points to be nominated and can fulfill the skill requirement.
• Receive the invitation by the Department of Home Affairs to apply for the visa
• Apply for the visa
• Submit the required documents