Requirements for Business Innovation & Investment Visa
Australian Subclass 188 Visa – the investor residence visa subclass – is always the top concern of investors, because Australia has always been an ideal settlement destination for many people from all over the world, including Vietnam. Australia is highly advanced in education and health; its social security system is steadily ranked among the best in the world. Thus, the Australian Government regularly reviews and adjusts the subclass 188 visa to better adapt to reality.
Australian Subclass 188 Visa – Business Innovation stream (stream 188A)
Conditions for the stream 188A visa
Requirements | Details |
Age | Under 55 years old (exemption may apply if allowed by the Australian Government) |
Nomination | Sponsored/nominated by a State or Territory government in Australia |
Experience |
|
Finance | Total assets of at least AUD 1.25 million |
Score | Score 65 by the Australian Government’s rating scale. |
English level | Basic English or the second submission fee required. |
Health condition | Good health condition, meeting the health requirements of the Australian Government. |
No debt to the Australian Government | You cannot owe the Australian Government when applying for a stream 188A visa. If so, the amount owed must be fully paid before application. |
No previous visa cancellations | If you have any visa previously canceled, you may become ineligible for a 188A visa |
Benefits of stream 188A visa
Benefits | Details |
Investment and business | This visa allows you to run a new or existing business in Australia |
Living in Australia | Stream 188A visa allows the holders to stay in Australia for up to 5 years |
Re-application for stream 188A visa | The holder has the right to apply for a stream 188A visa one more time. If approved by the Australian Government, the visa holder may live in Australia for up to 7 years. |
Sponsorship of accompanying family members | The holder may sponsor eligible family members to live and study in Australia |
Freedom to travel | The visa holder and family members are free to travel around the country while the visa remains valid |
Freedom of entry and exit | The holder is free to enter and exit Australia while the visa remains valid |
Australian residency | When qualified, stream 188A visa holders may apply for transformation into a permanent visa (subclass 888) to settle in Australia. |
Processing time of stream 188A visa application
Proportion of application | Processing Time |
25% of application | 18 months |
50% of application | 24 months |
75% of application | 31 months |
90% of application | 36 months |
The process may take longer if your application has any flaw as below:
- Incorrectly filled out forms
- Lack of necessary documents and information
- Unclear documents, which require verification
If anything is to blame for your incomplete application, which leads to waste of time and money, it should be you not comprehending the Australian Government’s requirements on the application process. This is where DHLEE comes in, to help you perfectly complete the application and save you valuable time and money.
Cost for stream 188A visa application
Item | Fee |
The main applicant | AUD 6,085 |
Family members over 18 years old | AUD 3,045 |
Family members under 18 years old | AUD 1,520 |
Visa fee for the second submission (when the English proficiency requirement is not met) |
|
Other costs |
Australian subclass 188 visa – Investor stream (stream 188B)
Conditions for stream 188B visa application
Requirements | Details |
Age | Under 55 years old (exemption may apply if allowed by the Australian Government) |
Nomination | Sponsored/nominated by a State or Territory government in Australia |
Experience |
|
Finance | Total assets of at least AUD 2.5 million in the last 2 years |
Health | Good health condition, meeting the health requirements of the Australian Government. |
Investment in Australia | The applicant must invest in Australia when they are invited for a 188B visa application – Financial Investor stream, specifically:
|
Score | Score 65 by the Australian Government’s rating scale. |
Intention to live in Australia | Intention to live for at least 2 years in the State or territory where your investment application is submitted. |
English level | Basic English or the second submission fee required. |
No debt to the Australian Government | You cannot owe the Australian Government when applying for a stream 188B visa. If so, the amount owed must be fully paid before application. |
No previous visa cancellations | If you have any visa previously canceled, you may become ineligible for a 188B visa |
Benefits of stream 188B visa
Benefits | Details |
Investment and business | This visa allows you to carry out investment and business in Australia while the visa remains valid |
Living in Australia | Stream 188B visa allows the holders to stay in Australia for up to 5 years |
Sponsorship of accompanying family members | The holder may sponsor eligible family members to live and study in Australia |
Freedom to travel | The visa holder and family members are free to travel around the country while the visa remains valid |
Freedom of entry and exit | The holder is free to enter and exit Australia while the visa remains valid |
Australian residency | When qualified, stream 188B visa holder may apply for transformation into permanent visa (subclass 888) to settle in Australia. |
Processing time of stream 188B visa application
Proportion of application | Processing Time |
25% of application | 18 months |
50% of application | 32 months |
75% of application | 35 months |
90% of application | 36 months |
The process may take longer if your application has any flaw as below:
- Incorrectly filled out forms
- Lack of necessary documents and information
- Unclear documents, which require verification
If anything is to blame for your incomplete application, which leads to waste of time and money, it should be you not comprehending the Australian Government’s requirements on the application process. This is where DHLEE comes in, to help you perfectly complete the application and save you valuable time and money.
Cost for stream 188B visa application
Item | Fees |
The main applicant | AUD 6,085 |
Family members over 18 years old | AUD 3,045 |
Family members under 18 years old | AUD 1,520 |
Visa fee for the second submission (when the English proficiency requirement is not met) |
|
Other costs |
Australian subclass 188 visa – Significant Investor stream (stream 188C)
Conditions for stream 188C visa application
Requirements | Details |
Age | No limitations |
Nomination | Sponsored/nominated by a State or Territory government or the Australian Department of Foreign Affairs and Trade |
Invest in Australia | The applicant must invest in Australia when they are invited for a 188C visa application – Significant Investor stream, specifically:
|
English level | Basic English or the second submission fee is required. |
Health | Good health condition, meeting the health requirements of the Australian Government. |
No debt to the Australian Government | You cannot owe the Australian Government when applying for a stream 188C visa. If so, the amount owed must be fully paid before application. |
No previous visa cancellations | If you have any visa previously canceled, you may become ineligible for a 188C visa |
Benefits of stream 188C visa
Benefits | Details |
Investment and business | This visa allows you to carry out investment and business in Australia while the visa remains valid |
Living in Australia | Stream 188C visa allows the holders to stay in Australia for up to 5 years |
Re-application for stream 188C visa | The holder has the right to apply for a stream 188C visa two more times. If approved by the Australian Government, the visa holder may live in Australia for up to 9 years. |
Sponsorship of accompanying family members | The holder may sponsor eligible family members to live and study in Australia |
Freedom to travel | The visa holder and family members are free to travel around the country while the visa remains valid |
Freedom of entry and exit | The holder is free to enter and exit Australia while the visa remains valid |
Australian residency | When qualified, stream 188C visa holders may apply for transformation into a permanent visa (subclass 888) to settle in Australia. |
Processing time of stream 188C visa application
Proportion of application | Processing Time |
25% of application | 9 months |
50% of application | 13 months |
75% of application | 18 months |
90% of application | 25 months |
The process may take longer if your application has any flaw as below:
- Incorrectly filled out forms
- Lack of necessary documents and information
- Unclear documents, which require verification
If anything is to blame for your incomplete application, which leads to a waste of time and money, it should be you not comprehending the Australian Government’s requirements on the application process. This is where DHLEE comes in, to help you perfectly complete the application and save you valuable time and money.
Cost for stream 188C visa application
Item | Fees |
The main applicant | AUD 8,925 |
Family members over 18 years old | AUD 4,465 |
Family members under 18 years old | AUD 2,235 |
Visa fee for the second submission (when the English proficiency requirement is not met) |
|
Other costs |
Australian subclass 188 visa – Entrepreneur stream (stream 188E)
Conditions for stream 188E visa application
Requirements | Details |
Invitation for visa application | If a State or Territory of Australia accepts your EOI and nominates you, you will receive an invitation from the Australian Government. |
Nomination | The applicant must be nominated by a State or Territory government before they get an invitation for stream 188E visa application |
Age | Under 55 years old |
Business idea and plan |
|
English level | Proficient |
Health | Good health condition, meeting the health requirements of the Australian Government. |
No debt to the Australian Government | You cannot owe the Australian Government when applying for a stream 188E visa. If so, the amount owed must be fully paid before application. |
No previous visa cancellations | If you have any visa previously canceled, you may become ineligible for a 188E visa |
Benefits of stream 188E visa
Benefits | Details |
Business | This visa allows you to conduct business activities in Australia |
Living in Australia | Stream 188E visa allows the holders to stay in Australia for up to 5 years |
Sponsorship of accompanying family members | The holder may sponsor eligible family members to live and study in Australia |
Freedom to travel | The visa holder and family members are free to travel around the country while the visa remains valid |
Freedom of entry and exit | The holder is free to enter and exit Australia while the visa remains valid |
Australian residency | When qualified, stream 188A visa holders may apply for transformation into a permanent visa (subclass 888) to settle in Australia. |
Processing time of stream 188E visa application
Proportion of application | Processing Time |
25% of application | 3 months |
50% of application | 4 months |
75% of application | 5 months |
90% of application | 7 months |
The process may take longer if your application has any flaw as below:
- Incorrectly filled out forms
- Lack of necessary documents and information
- Unclear documents, which require verification
If anything is to blame for your incomplete application, which leads to waste of time and money, it should be you not comprehending the Australian Government’s requirements on the application process. This is where DHLEE comes in, to help you perfectly complete the application and save you valuable time and money.
Cost for stream 188E visa application
Item | Fees |
The main applicant | AUD 4,115 |
Family members over 18 years old | AUD 2,060 |
Family members under 18 years old | AUD 1,030 |
Visa fee for the second submission (when the English proficiency requirement is not met) |
|
Other costs |
Intensive consultancy on Australian subclass 188 visa by DHLEE lawyers
In the eyes of investors around the world, Australia has never lost its position in the spotlight as an investment and residence destination, thanks to its rapid growth and development. The Australian subclass 188 visa – Investor residence subclass is a great opportunity for Vietnamese entrepreneurs to pave the way for Australian residency. By amending and updating the policies of the subclass 188 visa, the Australian Government can better regulate investment funds and attract more potential investors.
The chance of obtaining Australian residency is extremely generous for Vietnamese investors holding the subclass 188 visa. Of course, this good fortune is a hard-won triumph, as it must be traded off against lots of time and effort, not to mention the requirements for legal savvy.
At DHLEE, our Australian subclass 188 visa consulting service will ensure customers get in-depth advice directly from a team of Australian immigration lawyers, who have more than 20 years of experience in immigration and used to work for the Australian Department of Immigration and Border Protection. DHLEE lawyers will scrutinize and access the procedures and customers’ documents in order to finalize the application in the fastest and most accurate manner possible, thereby optimizing the application preparation time for customers.
Furthermore, DHLEE’s lawyers will outline specialized pathways that suit individual circumstances and suggest plans that maximize the customer’s benefits. This may help save time and effort, while avoiding problems that customers would have encountered if they had prepared the application themselves.
For more detailed information about the Australian subclass 188 visa as well as the latest news on Residency and Investment in Australia, just leave your contact information and DHLEE’s consultants will reach out immediately.