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Australia Subclass 188B

Australia Subclass 188B

Business Innovation and Investment (provisional) visa (subclass 188) Investor Stream targets successful investors with investment experience in real estate, stock, funds and other fields. It requires applicants to invest at least AUD 1.5 million in an Australian State or Territory and maintain business or investment activity in Australia. After fulfilling certain requirements, holders of this visa can apply for Australian permanent residence through Business Innovation and Investment (permanent) visa (subclass 888) Investor Stream.

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Time to residency


Residency requirement

At least 2 years in the state where the applicant is nominated

Visa-free travel

185 countries and regions


No inheritance tax

Passport rank

7th in the world

Established time

Program launched in 1981

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Application Requirements

To obtain a 188B temporary visa, you need to fulfill following requirements:

1. The main applicant should be under the age of 55, accompanying children should be unmarried full-time students under the age of 20.

2. In the past two fiscal years, the family net worth should be at least AUD 2.75 million. 

3.At least 3 years of successful investment experience, and one year in the past 5 years with more than 10% of the shares in the business or an investment market value of AUD 2.5 million.

4. Profits more than AUD 1 million through the above-mentioned business or investment;

5. Invest AUD 2.5 million in designated investment (private equity fund/ equity fund/ other corporate debt fund).

6.  A minimum score of 65 in EOI.

Program Benefits

A mature immigration route for over 40 years, clear path towards permanent residence and citizenship.

5-year visa guarantee flexibility for household arrangement after successful application.

Children can enjoy free public education of Australia.

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