Business & Investor Visa (188 / 888)

Business & Investor Visa (188 / 888)

The Business and Investor Visa subclass 188/888 provides international students and entrepreneurs an opportunity to establish or invest in a business in Australia. This visa is particularly beneficial for those who wish to contribute to the Australian economy while gaining valuable experience in a competitive market.

Subclass 188: Temporary Visa

The Subclass 188 visa is a temporary visa that allows you to own and manage a business in Australia. To qualify for this visa, you must meet certain eligibility criteria, including:

• Having a genuine intention to own and manage a business in Australia.
• Meeting the investment threshold, which varies based on the stream of the visa.
• Obtaining a positive skills assessment.

This visa is divided into different streams, including the Business Innovation stream, Investor stream, and Significant Investor stream, each with specific requirements. Ensure to research which stream aligns with your skills and investment capabilities.

Subclass 888: Permanent Visa

Once you have successfully operated your business under the Subclass 188 visa, you may be eligible to apply for the Subclass 888 visa, which grants permanent residency. To transition from the temporary to the permanent visa, you must:

• Demonstrate that you have met the requirements of your Subclass 188 visa.
• Provide evidence of business turnover and compliance with Australian laws.
• Show ongoing commitment to the Australian economy.

This pathway not only solidifies your business presence in Australia but also opens up additional benefits, including access to Medicare and the ability to apply for Australian citizenship after fulfilling residency requirements.

Next Steps

If you are an international student interested in pursuing the Business & Investor Visa, it is crucial to seek professional guidance. At Bookbrite Study Abroad Advisers, we offer tailored advice and support to navigate the complex visa application process. Contact us today to explore your options and take the next step towards your future in Australia.