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What is Visa 188B? About Visa 188B

  • General 188 Visa Requirements: · Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years; and · Net personal and business assets of at least AUD 800,000; and · Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit; and · Meet the pass mark in the Business innovation and investment Points test (currently 65 points) · Have an overall successful career in business Subclass 888 Visa Requirements: · The applicant has been in Australia on subclass 188A visa for at least 12 months, within the 2 years prior to lodgement · Owned and operated a business in Australia for at least 2 years prior to the application with annual turnover of at least $300,000 for the 2 of last 4 years · You and/or your partner must meet two of the following three criteria for the 12 months: Assets of at least 200,000 Net personal and business assets of at least $600,000 in Australia Employed at least two Australian full-time employees in your business in Australia
  • General Requirements: · The applicant has had business and personal net assests of at least AUD 2.25 million for the last 2 fiscal years · Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit; and · The applicant must make an investment of AUD 1.5 million in Australian State or Territory bonds prior to grant of the visa · Have 3 years of experience either managing a qualifying business or “eligible investments”, and have showed a high level of management skill · For at least 1 of the 5 fiscal years, you have either: Managed a business in which you hold a 10% shareholding; or Manage “eligible investments” of at least AUD 1.5 million Eligible investments include: Ownership interests in a business Cash on deposit Stocks or bonds Real estate Gold or bullion Loan to a business
  • Subclass 888 VISA Requirements: · The applicant has been in Australia on subclass 188A VISA for at least 2 years, within the 4 years prior to lodgement · Maintained the investment in Australia State or Territory bonds for the last 4 years
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Right

The whole family lives, studies, works and does business in Australia.

Children are free to attend grade 12 in public schools.

Freely travel between Vietnam and Australia.

Be granted permanent residence visa Australia 888A upon satisfactory.

Advantages Advantages of Visa 188B

owner

Enterprise ownership

biz

Can establish or acquire an existing business

invest

The investment is only from $ 200,000 AUD

bizness

Profitable from business

Conditions

Procedures