Changes coming to Australia’s business and investor visas

The Australian Business and Investor visa program is changing from July 1. The current seven visa categories will be reduced to four, with the 188D Premium Investor visa, and both 132 Business Talent visa categories being discontinued.

The remaining visa categories will be the 188A Business Innovation stream, 188B Investor stream, 188C Significant Investor stream, and the 188E Entrepreneur stream.

Increases to investment requirements are expected though not yet announced for the 188B and 188C streams however, the investment period is planned to be reduced to a minimum of three years instead of four.

The 188A visa category will require business assets of 1.25 million Australian dollars (increased from AUD 800,000) and annual turnover of AUD 750,000 (an increase from AUD 500,000).

Provisional 188 visa holders in all four remaining streams will be able to apply for permanent residency after 3 years but the provisional visa will be valid for 5 years, giving investors additional time to meet the requirements for the permanent 888 visa. The visa application charge for Business and Investment visas will also increase by at least 11% from 1 July.

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About the Author

Lisa De Leon
Lisa De Leon
Lisa De Leon is the director of Australian Visa Options and a registered migration agent with the Office of the Migration Agents Registration Authority. She and her team recognize that each client's circumstances are unique, and therefore requires a personalized approach to each application. They pursue the best migration pathway for clients, and have extensive experience in all visa categories including Business and Investor visas, Skilled and Family visas. De Leon has access to the latest policy guidelines used by the Department of Home Affairs. As an active member of the Migration Institute of Australia and Migration Alliance, she is up to date with the latest legislative changes in Australian migration law. Australian Visa Options has partnered with Ord Minnett, one of the largest financial management firms in Australia. The company provides complying investment solutions for all Business and Investor visa categories and have Mandarin speaking SIV specialists available to assist.

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