188B visa-Business visa (Investment)

188B visa-Business visa (Investment)

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188B visa-Business visa (Investment)

188B visa is only available to applicants who are nominated by an Australian State or Territory government. This is a 5-year temporary visa, for people who want to make a designated investment in an Australian state or territory.

After maintained an investment in Australian for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment Subclass 888 visa. The applicants can either be in Australia or overseas to lodge this visa.

If the applicant is in Australia:

Must hold a Substantive Visa or a Bridging A, B or C visa.
Applicant must reside for at least 2 years in the nominating State.