What is Business Innovation and Investment (Provisional) (subclass 188 ) visa
There are two types of visas for those who desire to invest in the Australian economy and establish a business. Temporary visa valid for 4 years. Only with 188 visas can one apply for an 888 (permanent) visa in the future. 188 Visa has 4 streams: business innovation In order to own and operate a business in Australia. - Investor stream/investor For applicants who are willing to invest in the Australian economy a minimum of AUD 1,500,000 for a minimum of 4 years - Significant Investor stream / significant investor For applicants who are willing to invest in statutory bonds, funds, and companies in Australia a minimum of AUD 5,000,000 over a 4 year period. - Premium Investor stream / premium investor For applicants who are willing to invest in legally defined bonds, funds, companies, non-residential property in Australia a minimum of AUD 15,000,000. Applicants for the 188 Business Innovation stream / business innovation visa must: be under...