188B – Investor Stream

About this Visa

188B (Investor Stream) is one type of stream for the (Business Innovation and Investment) Visa. It is suitable for people who want to make a designated investment of at least AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia. Holding this visa is the first stage before becoming eligible to qualify for the 888B (Business Innovation and Investment – Permanent) Visa.

 

188B Visa Requirement

  1. Be under 55 years of age
  2. Score at least 65 on the point test
  3. Have at least 3 years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments
  4. Have an overall successful record of eligible investment or qualifying business activity
  5. You, your partner or you and your partner combined must: for at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:
    1. Qualifying business with at least 10% ownership interest, or
    2. Eligible investments owned of at least 5 million
  6. During the two fiscal years immediately before you are invited to apply, have legally acquired net business, investment and personal assets of at least 25 million that are available for legal transfer to Australia within 2 years of the visa being granted
  7. Have had no involvement in unacceptable activities
  8. Make a designated investment of at least 5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least 4 years from date of issue in your nominating state or territory

Before and how to apply

  1. Prepare your documents
  2. First submit an Expression of Interest (EOI)
  3. Be invited through SkillSelect to apply
  4. Received invitation
  5. Lodge Visa Application

188B Visa Holder Obligation

  1. You must maintain your designated investment for at least 4 years
  2. There is no extension stream for this visa

Point Test

 

Factor Description Points
Age 18–24 years 20
25–32 years 30
33–39 years 25
40–44 years 20
45–54 years 15
55 and older 0
English language ability Vocational English 5
Proficient English 10
Qualifications Australian trade certificate, diploma or bachelor degree by an Australian education institute; or

a bachelor qualification recognised by an education institution of a recognised standard

5
Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognised standard 10
Special endorsement The nominating state or territory government agency could decide that your proposed business is of unique and important benefit to the state or territory where the nominating government agency is located 10
Financial assets Net business and personal assets of you, your partner or you and your partner combined in each of the preceding two years of at least:  
AUD800 000 5
AUD1.3 million 15
AUD1.8 million 25
AUD2.25 million 35
Business turnover Annual turnover in your main business during a period of at least two years of the preceding four fiscal years of at least:  
AUD500 000 5
AUD1 million 15
AUD1.5 million 25
AUD2 million 35
Investor stream only

Investor experience

 

Eligible investment of at least AUD100 000 held for:  
At least four years before the time of invitation to apply for the visa 10
At least seven years before the time of invitation to apply for the visa 15
Business innovation qualifications

 

At the time of invitation to apply for the visa:

Evidence of registered patents or registered designs 15
Evidence of registered trademarks 10
Evidence of formal joint venture agreements 5
Evidence of export trade 15
Evidence of ownership interest in a gazelle business 10
Evidence of receipt of grants or venture capital funding 10
State or territory nomination Special endorsement (limited places) 10