Business Investor and Entrepreneur Visa
The 188 and 888 category visas provide vast opportunities for individuals aspiring to invest and start businesses in Australia, opening doors for them to realize their dreams and goals in this vibrant country.
188 Category Visa: Investor and Entrepreneur Visas
The 188 category visa is a significant visa established by Australia to attract global investors and entrepreneurs. This category includes several subclasses, such as Investor Visa (Subclass 188A) and Entrepreneur Visa (Subclass 188E), each aimed at attracting individuals with business acumen and capabilities to come to Australia.
Investor Visa (Subclass 188A):
The Investor Visa is designed for individuals willing to invest in Australia. Applicants are required to make investments in specified areas of Australia and maintain these investments according to the requirements of the visa subclass. This visa is divided into several stages, including the primary stage of investment, the intermediate stage of ongoing investment, and the final stage of continuous investment. Upon successfully obtaining the Investor Visa, applicants can reside and work in Australia.
Entrepreneur Visa (Subclass 188E):
The Entrepreneur Visa is applicable to individuals intending to engage in innovation and business activities in Australia. Applicants need to submit a proposal that is innovative and holds business value, and they must obtain support from relevant institutions. Upon successfully obtaining the Entrepreneur Visa, applicants will have the opportunity to carry out their entrepreneurial projects in Australia, contributing to the country’s economy and innovation.
888 Category Visa: Business Innovation and Investment Visa (Permanent Residency)
After successfully obtaining the 188 category visa and engaging in business or investment activities in Australia for a certain period, applicants are eligible to apply for the 888 category visa, known as the Business Innovation and Investment Visa (Permanent Residency). This visa aims to reward investors and entrepreneurs who have made outstanding contributions to Australia, granting them permanent residency status.
Business Innovation and Investment Visa (Permanent Residency) (Subclass 888): Applicants holding the 188 category visa can apply for the Business Innovation and Investment Visa (Permanent Residency) by showcasing outstanding performance in the business or investment field. This requires providing detailed business or investment records and meeting the relevant requirements of the Australian Immigration Department. Upon successfully obtaining this visa, applicants and their family members will obtain Australian permanent residency, enjoying the unique lifestyle and business environment of Australia.
Permanent Residence (Skilled Regional) Visa (Subclass 191)
The Subclass 191 visa, also known as the Permanent Residence (Skilled Regional) visa, is a pathway to permanent residency in Australia for individuals who have held a Business Innovation and Investment (Provisional) visa (subclass 188) and met specific requirements related to residency and income in a designated regional area of Australia.