Business Innovation and Investment (Provisional) Visa (Subclass 188) - Vietnamese Business Owners

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The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Australian Government’s Business Innovation initiative. It’s designed to attract accomplished entrepreneurs and investors worldwide to settle and expand their businesses within Australia.

Are you a Vietnamese investor/entrepreneur? Read on to learn how Vietnamese business owners can benefit from this visa!

Understanding the Subclass 188 Visa

The Business Innovation and Investment (Provisional) 188 visa empowers overseas entrepreneurs and investors, including Vietnamese, to establish, manage, and grow a business in Australia or to engage in business and investment activities, as well as entrepreneurial ventures.

This provisional visa caters to individuals with a proven business track record or investors from abroad aiming to contribute to the Australian economy. Securing a nomination from an Australian State or Territory government is a prerequisite to being invited to apply for this visa.

Key Considerations for 188 Visa Holders

Eligibility for Business Loans

Temporary Residency Status

Investors, along with their spouses and children under 23 years old at the time of issuance, are eligible for the Temporary Resident Visa (Visa 188). This visa is initially valid for over four years and offers an option for a two-year renewal, providing a pathway for longer residency and business operations in Australia.

Visa Subclass Recognition

Holders of the Temporary Resident Visa (188) must satisfy further business operational criteria in Australia to become eligible for the Permanent Resident Visa (888A) application.

Tips for a Successful Business Loan Application

Applying for a business loan requires a deep understanding of your own financial condition. Check out these curated tips for a successful business loan application:

  • Prepare a solid business plan
  • Do lender research
  • Build and maintain good credit
  • Understand loan types
  • Organise financial statements
  • Highlight competitive advantages
  • Provide a risk analysis
  • Ensure eligibility

Common Small Business Loan Uses

Fast and Easy Application Process

Free 30-Minute Finance Strategy Session For Professionals

Let us help guide you through the Home loan process.

Frequently Asked Questions

We excel in rapid, short-term loans for Australian businesses, secured or unsecured. We’re a leader in flexible lending, especially for quick finance needs, even for those with credit hurdles. Also known as cashflow lending, we allow businesses to borrow money based on the projected future cash flows of the company.

Our offerings:

  • Assistance for businesses with past defaults or judgments.
  • Solutions for those declined by other lenders.
  • No minimum credit score required, a unique feature!
  • Loans up to $4M, repayable in 3-12 months.”

Complete the 5-minute application accurately for a 2-hour loan offer. Approved funds arrive in 3-4 business hours, but accurate documentation is crucial to avoid delays.

Loan amounts from $5,000 up to $4,000,000 are available, repayable over 3-24 months on a daily or weekly basis. We analyze different elements of your business’s status to establish the loan size.

Our proprietary system and underwriting experience allow us to provide unique financing solutions to a broad range of clients and industries. After application submission, we evaluate and make an offer. If agreed, funding is quick – within 3 hours. Eligibility: In business for 5 months, active ABN, and earning over $12,000 monthly.

We set your rates based on your business’s cashflow, history, and strength of your finances. This considers how long you’ve been in business, your assets, and what you’ll do with the money. You’ll know the fixed fee from the start, and we won’t charge extra if you pay back early.

Considerations such as the business’s longevity, past revenue, assets, credit background, and more contribute to a complete applicant profile.

Loan repayments are automated via business bank account deductions, scheduled either daily or weekly, not counting weekends and holidays.

Our main focus is the business’s assets and cash flow, but we also scrutinize credit reports of the business and owner for any active legal issues, bankruptcies, or tax liens.

Funds are available for any business-related use. Typically, our clients allocate the money for:

  • Business expansion, upgrades, or emergency repairs
  • Stock or equipment acquisitions
  • Boosting marketing activities
  • Staffing increases
  • Expense payments
  • Cash flow maintenance

Yes, you can. Some of our customers repay early to save on interest. There is also no fees if you choose to make extra repayments or pay off your loan early.

When you’re halfway through your current loan period, we can consider offering extra financial support. We usually initiate contact to assess your business’s status and discuss how we might provide additional help.

Our offerings include unsecured and secured loans for businesses, from $5,000 up to $4,000,000.

For corporate borrowers and guarantors, we might require personal guarantees from directors or specific individuals.

While reviewing loan applications, we don’t typically focus on whether an applicant has certain assets for collateral. But, for loans over $30,000 (or a different figure we occasionally set), we’ll claim a security interest in the assets of both the borrower and any guarantors, potentially registering these interests on appropriate official registers. In some situations, we might mandate specific collateral types, with the nature of the security varying based on the loan’s size and the applicant’s situation. Despite this, our general practice doesn’t prioritize the availability of specific collateral in our assessment. Applicants need not provide any assets or security, irrespective of the loan amount.


The application of the Business Innovation and Investment (Provisional) visa (subclass 188) for Vietnamese business owners in Australia requires detailed and thorough preparation. If you’re interested in applying for one, Professional Home Loans is ready to assist with our expert help. Contact us at 1300 55 44 97 or chat with Julie – Enquiry Assistant now!

Read here if you’re interested to learn 188 visa for South African business owners.


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Starting my own beauty business was a dream, but high equipment costs were a huge challenge. My $26,000 loan was approved within hours, and it changed everything. I could buy new equipment, offer more services, and attract more customers. My earnings grew like never before! Bizcap's fast and easy process was a lifesaver. That loan was more than money; it was the boost my business needed to really succeed.

Beauty Salon in WA

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We have been in the business of luxury furniture for more than 7 years. This year we needed a short term loan of $100,000 to purchase inventory and increase production capabilities. In only a few hours, your team assessed the business’ financial position, and the loan application was approved. The funds were transferred to their account, within the day! Thank you for your help.

Luxury Furniture

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I hit a tough spot in my restaurant with cash flow troubles. We had a loyal customer base with monthly steady turnover. My loan was quickly approved for $88,000, helping me buy inventory and attract more customers. Your support was crucial in steadying my business, especially during the holidays.

Melbourne Restaurant

Why Choose Professional Home Loans

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Construction Industry Business Loan

It has been a tough two years for the construction industry, with the increased cost of materials and the pandemic. We have been in business for 6 years and we needed a short-term loan of $400K. All the major lenders did not want to helps us. We are able to secure a loan within hours of submitting our application. Once again, thanks for your help.

Steve, Builder