188B visa

188B – Investor Stream

This visa will allow you to stay in Australia for up to 4 years and 3 months and you have the ability to apply for permanent resident (subclass 888) once you are eligible for the subclass. You are required to manage a business(at least 10% interest ownership) or investment with the value of AU$1.5M+. You need to have at least 3+ years of experience in managing eligible businesses or investments, you must show that you have had a history of a successful investment and demonstrated a high level of management skill. This subclass stream will involve a business EOI points test in which you will need to score 65+ points.

Personal Identity documents

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You will need to prepare your personal identity documents such as passport, birth certificate, national ID, birth certificate, etc…

Investment Documents

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You need a statement stating the activity of your business or investment. Evidence that shows value and ownership of assets have to be submitted. You will need a sufficient funds to make an investment. You must have 3+ years of history in managing business.

Points Test Documents

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These will include the documents included in the points test criterias that you are claiming such as English level, qualifications, financial assets, etc…

English Language Documents

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You need to submit the English test report that shows at least a functional level of English.

Police Check

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You need to submit a police check from every country that you have lived in for at least 12 months.

Form 80

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You need to complete a form 80 and submit it to the department so that the department know better about your history, qualifications, and work experience.

Health Check

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The department will request a health check and you will need to book a session of health check with the provided HAP ID.

Transition To Permanent Resident (Subclass 888)

You must be nominated by a state or territory in Australia. You must invested AU$1.5M in the designated state or territory for 4+ years of your 188B visa duration. You will need to live in Australia for at least 2 years within your 188B visa duration.