Investor Stream (Subclass 188B) Visa

The Business Innovation and Investment (Provisional) visa (subclass 188) under the Investor Stream (subclass 188B) is a temporary visa for individuals who wish to own and manage a new or existing business in Australia, or make a designated investment in an Australian state or territory.

Here are the key details about the Investor Stream (Subclass 188B) visa:

1. Purpose: The Investor Stream is designed for individuals who want to make a designated investment of at least AUD 1.5 million in an Australian state or territory and maintain business or investment activity in Australia.
2. Designated Investment: To qualify, applicants must invest a minimum of AUD 1.5 million in an Australian state or territory government security for a period of at least four years. The investment must be made in the name of the primary applicant or jointly with their spouse or de facto partner.
3. Age Requirement: Generally, applicants must be under the age of 55 at the time of invitation, unless the nominating state or territory government waives this requirement due to exceptional economic benefit.
4. Health and Character Requirements: All applicants and any accompanying family members must meet Australia’s health and character requirements, which include completing medical examinations and providing police clearance certificates.
5. Points Test: This visa stream is points-tested. Applicants must score at least 65 points on the points test based on factors such as age, English language proficiency, business and investment experience, net assets, and other criteria.
6. Nomination: Applicants must be nominated by an Australian state or territory government before receiving an invitation to apply for the visa. Each nominating body may set its own additional requirements or conditions.
7. Pathway to Permanent Residency: The Investor Stream (subclass 188B) is a provisional visa that provides a pathway to permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888), provided all relevant business, investment, and residency requirements are met.