188B | REQUIREMENTS FOR THE BUSINESS INVESTMENT (PROVISIONAL) VISA
  1. Below 55 years of age –
  2. Have:
    • High level management skills
    • Overall successful record of eligible investment activities or qualifying business activity for at least three (3) years
  3. Have net assets of at least AUD 2.25 Million (can be joint with partner)
  4. Obtain a nomination (sponsorship) by a State/Territorial Government through meeting specific requirements of nominating state or territory
  5. Obtain at least 65 points on the Business Innovation Points Test below
  6. Invest AUD 1.5 Million into a state bond for four years.

POINTS TEST

Factor Description Points Awarded
Age 18 – 24 20
25 – 32 30
33 – 39 25
40 – 44 20
45 – 54 15
55 and older – Only if your business is of exceptional economic benefit 0
English Proficiency

(IELTS valid for 3 years)*

Vocational – IELTS 5 in each of the 4 components 5
Proficient – IELTS 7 in each of the 4 components 10
Educational Qualifications Australian trade certificate, Diploma or Bachelor degree 5
Australian Bachelor degree in Science, Business or Technology 10
Business Experience (188A only) At least 4 years 10
At least 7 years 15
Investment Experience (188B only) At least 4 years 10
At least 7 years 15
Net Business and Personal Assets AUD 800,000 5
AUD 1.3 million 15
AUD 1.8 million 25
AUD 2.25 million 35
Business Turnover AUD 500,000 5
AUD 1 million 15
AUD 1.5 million 25
AUD 2 million 35
Innovation Registered patents or designs 15
Evidence of trademark 10
Evidence of joint venture agreement 5
Evidence of export trade 15
Gazelle business 10
Evidence of receipt of grant or venture capital funding 10
State Nomination By a State or Territorial Government 10

FEES

Base Visa Application Charge

  • Primary Applicant: $5,375
  • Additional Applicant above 18 years of age: $2,885
  • Additional Applicant below 18 years of age: $1,345

Health Examination

Per Applicant: $353

*Please note that additional application fees need to be paid if primary and secondary applicant doesn’t have at least functional level English score.

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