188B visa is only available to applicants who are nominated by an Australian State or Territory government. This is a 4-year temporary visa, for people who want to make a designated investment in an Australian state or territory. The investment can be in stocks, bonds, business, realty, funds, gold, etc. After maintained an investment in Australian for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. The applicants can either be in Australia or overseas to lodge this visa.
Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit.
Score at least 65 at Innovation Points Test.
During the 2 fiscal years immediately before we invite you to apply, have legally acquired net business, investment, and personal assets of at least AUD2.25 million. These must be available for legal transfer to Australia within 2 years of the visa being granted.
A qualifying business in which you, your partner, or you and your partner combined had at least 10% ownership interest, or eligible investments owned by you, your partner or you and your partner combined of at least AUD1.5 million.
Equip good management skills and eligible business investment skills.
At least 3 years experience managing one or more qualifying businesses or eligible investments.
Have a successful business career.
The applicant must make an investment of AUD 1.5 million in Australian State or Territory bonds prior to the grant of the visa.
Have had no involvement in unacceptable activities.
No need to own a business.
Investing in bonds specified by the government is relatively safe.
No specific English requirement.
Bring eligible family members to stay, study, or work in Australia.
Multiple entry visa. You can travel outside Australia and return as many times as you want while the visa is valid
Children can enroll in public schools for free during the Visa period.