The Business Innovation and Investment (Provisional) visa and Australian permanent residency pathway

The Innovation and Investment Visa is a visa for business people and investors looking to grow their business and live in Australia at the same time. With the 188 visa, investors can live and work without much restrictions compared to most other working visas. 188 visa holders will be able to work legally without limit, and at the same time bring their families to Australia to live and work, their children will be able to study for free. In addition, Australia Visa 188 temporary stay has a maximum period of 5 years. After this time, you can extend your stay in Australia by applying for an extension visa with a period of up to 3 or 4 years to improve the application conditions before submitting the official settlement application (visa 888). ) or will apply for this official permanent resident visa 888.

Investment and Innovation Visa will have 3 main streams 188A, 188B and 188C

Benefit:

• Operate a new or existing business and investment activity in Australia

• stay in Australia for up to 5 years

• Bring eligible members of your family with you

• Apply for a permanent visa 888A if certain requirements are met

Requirements for 188A:

• Be nominated by an Australian State or Territory government agency

• Own a business which has at least AUD750,000 turnover in each of previous 2 years.

• Total net business and personal assets of at least AUD1.25 million.

• Be under 55

Requirements for 188B:

• Be nominated by an Australian State or Territory government agency

• Be able to invest at least AUD2.5 million

• Be under 55

Requirements for 188C:

• Be nominated by an Australian State or Territory government agency

• Be able to invest at least AUD5 million

Please kindly send us any inquiries through phone, facebook or email: visa@ozwaygroup.com.au, our friendly staff will do our best to support you!

Address: Level 11, 333 Collins St, Melbourne, VIC 3000

Tel: +61 3 8080 1525