Australia
The 2022-23 Business Innovation and Investment Program (BIIP) is now open.
Subclass 188 Visa streams:
Subclass 188A: Business Innovation stream
The 188A Business Innovation visa is for business owners seeking to establish business operations in Australia.
The 188A visa is for applicants who are nominated by an Australian State or Territory government and meet the points test for this visa. To be nominated, the applicant must lodge an Expression of Interest(EOI) through the SkillSelect system.
This is a 5-year temporary visa, for people who want to own and manage a new or existing business in Australia. Once established an ownership interest in an Australian business, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
A 2-year extension is possible once the applicant has held the subclass 188 visa for 3 years, giving 6 years from the date of grant of the original Visa.
**The applicants can either be in Australia or overseas to lodge this visa.
Subclass 188B: Investor stream
The 188B Investor visa is for people who are willing to invest $1.5 million(minimum) in Australian State or Territory bonds.
The 188B visa is for 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 maintaining an investment in Australia for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. Applicant must reside for at least 2 years in the nominating State.
**The applicants can either be in Australia or overseas to lodge this visa.
*For quick contact, Call Emigrants @ +92322-2040201.
#BetterCallUs