4 Sovereign Pl, Algester, QLD 4115
SC188 Visa
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What is SC 188 Visa?
The Subclass 188 visa allows people with business skills to come to Australia and utilise these skills. The visa is initially granted for a period of up to 4 years and 3 months.
Upon the visa holder meeting certain obligations, there is a direct pathway to permanent residency (Subclass 888) available.
There are a number of streams with different criteria:
Business Innovation Stream
This stream is ideal for people with business skills who want to operate a new or existing business in Australia. It requires nomination by an Australian State or Territory government agency. Some of the other criteria include:
- Be under 55 years of age, or be able to show that your business will be of exceptional economic benefit
- Have a successful business career and business ownership
- Own personal and business assets of at least A$800,000
- Score at least 65 points
A Business Innovation Extension stream also exists, which provides an option to extend your stay for up to 2 more years.
Investor Stream
This requires the visa applicant to invest at least A$1.5 million in an Australian State or Territory and maintain business or investment activity in Australia. It requires nomination by an Australian State or Territory government agency.
- Be under 55 years of age, or be able to show that your business will be of exceptional economic benefit
- Intend to live in a specific State or Territory for at least 2 years
- Have relevant specific experience and skills
- Have managed investments of A$1.5 million or a qualifying business
- Have assets of A$2.25 million
- Make an investment of A$1.5 million in your nominating Australian State or Territory
- Score at least 65 points
A Business Innovation Extension stream also exists, which provides an option to extend your stay for up to 2 more years.
Significant Investor Stream
This is for people who wish to invest A$5 million in Australian investments that meet certain criteria. It requires nomination by an Australian State or Territory government agency. Some of the other criteria include:
- Have lodged an expression of interest (EOI) and have received an invitation to apply
- Make an investment of at least A$5 million when invited to, subject to specific criteria
There is no requirement that you score a minimum number of points nor any age limit.
A Significant Investor Extension stream also exists, which provides an option to extend your stay for up to 2 more years.
Premium Investor Stream
This is for people who are nominated by the CEO of Austrade and who invest at least A$15 million in Australian investments and/or philanthropic contributions.
Some of the criteria include:
- Be nominated by the CEO of Austrade
- Have submitted an express of interest (EOI) and have been invited to apply for the visa
- Make a complying premium investment of at least A$15 million
- Have net assets of at least A$15 million
There is no requirement that you score a minimum number of points nor any age limit.
Entrepreneur Stream
This is for people who have a funding agreement with a third party to carry out entrepreneurial activities in Australia. It requires nomination by an Australian State or Territory government agency. Some of the other criteria include:
- Have submitted an express of interest (EOI) and have been invited to apply for the visa
- Be under the age of 55
- Have a complying entrepreneur activity
- Receive funding with a total of at least A$200,000 from an approved entity
- Have competent English.
Visa Types
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Working Holiday Visa
Embark on an adventure while working and exploring beautiful Australia
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Bridging Visa
Maintain legal status during visa transitions ensuring continuity and peace of mind