The subclass 188B visa is a provisional visa that requires the holder to invest at least AUD 2.5 million in Australian investments that meet specific requirements and maintain investment or business activity in the country. Learn more about this provisional visa!
Stay
The 188B visa in the Investor stream allows you to stay in Australia for a certain period.
How Long You Can Stay
You are allowed to travel to, enter and stay in Australia and run for up to 5 years.
Stay Longer
After having this provisional visa for three years, you are eligible to apply to be a permanent resident if you have a genuine intention to live or stay longer in this country while running your business or investment.
With This Visa, You Can
This provisional visa grants permissions for you to:
- Include eligible family members in your move.
- Operate a new or existing business within Australia.
- Apply for permanent residence with the Business Innovation and Investment (Permanent) visa (subclass 888) under the Investor stream with some requirements.
You Must
On this provisional visa, you must:
- Comply with all rules and conditions together with family members.
- Obey Australian laws.
- Maintain your business investment.
- Comply with Australian workplace laws.
Processing Time
After completing your 188B visa requirements and applying for it, you must wait 20 business days for nomination. Afterwards, you must wait 37 to 49 months before receiving results.
The processing time varies depending on the number of new applications submitted and the number of applications in the system.
When You Have the Visa
The subclass 188B visa imposes certain limitations on its holders, encompassing the entire duration of their stay from arrival to departure in Australia. This guide provides comprehensive insights.
Coming to Australia
Before departing for Australia, ensure you have your valid visa and essential travel documents, including a valid passport, to facilitate entry into the country.
Upon arrival in Australia, complete the Incoming Passenger Card provided during your flight.
In Australia
Holding the provisional visa in Australia allows you to:
- Initiate or manage a business subject to a potential business activity survey.
- Bring eligible family members to live with you.
- Seek permanent residence through the Business Innovation and Investment (Permanent) subclass 888 visa under the Investor stream.
- Comply with all visa conditions.
- Obey Australian laws.
- Maintain your investment.
- Follow Australian workplace laws.
- Notify the Australian authorities of any updates to your contact details, passport information, marital status, or family additions.
Leaving Australia
Prior to your departure, it’s essential to have all necessary travel documents on hand, including a valid passport.
Conclusion
To maintain business or investment in Australia, consider applying for the Investor stream subclass 188B visa.
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