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Visa 188 is a temporary visa. Investors and business owners can stay in Australia for up to 5 years if invited to apply for this visa on or after 1 July 2021. If you applied after 1 July 2015 and were invited to apply for this visa before 1 July 2021, you can stay in Australia for up to 4 years and 3 months.
You can leave and re-enter Australia as many times as you like while your visa is valid. The visa begins on the day it is issued.
After obtaining this visa, if you want to stay longer, you can apply for a new visa. The first choice in this case is to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation process. Spouses can act on behalf of the main applicant in Australia to meet the criteria of the 888 permanent resident visa.
One of the attractions of Visa 188 is that the holder can travel outside of Australia and return here while the visa is still valid. Your stay outside of Australia does not extend your visa.
The Australian visa is digital and does not have a visa sticker on the passport. Instead, the digital visa profile will be linked to your passport.
Visa 188 holders can freely enter and exit Australia
Visa 188 holders can sponsor family members on your application when you apply to Australia. Next, Australia is one of the countries with policies that provide free, subsidized healthcare to citizens and immigrants.
The two programs Medicare Benefits (MBS) and Pharmaceutical Benefits (PBS) were established by the federal government to indirectly support the states and the health sector in this country to care for the health of the entire population.
In particular, children under the age of 18 will be able to study in Australia for free. Children over 18 years old will enjoy special policies while studying in one of the countries with a world-class education system.
In addition to a high-quality educational environment, rich study programs and improved teaching methods year by year, the diploma system is recognized and sought after around the world.
Finally, compared to the top countries in the world with preferential policies on settlement, Australia is the closest to Vietnam. Therefore, this country is always one of the first choices of Vietnamese entrepreneurs and business owners.
Spouses and children enjoy the same rights as Australian citizens
Visa 188 allows the applicant to own and manage a business in Australia to conduct business and investment activities in Australia or to start a business here. The top choices for this visa today include:
Business Innovation Stream (Visa 188A). This is a temporary visa for people with the business skills to operate a new or existing business in Australia.
Investor stream (Visa 188B). This temporary visa requires you to invest at least A$2.5 million in investments and maintain a business or investment activity in Australia.
Important Investor Stream (Visa 188C). This temporary visa requires you to invest at least A$5 million in 'Substantial Investments' and maintain an investment activity in Australia.
Entrepreneur Stream (Visa 188E). This stream is for startups and early stage entrepreneurs. Those are the cases that have been confirmed to develop their proposals and are nominated by a state or territory government agency.
The advantage of visa 188A and 188B is that the program does not have strict requirements on English. Meanwhile, the 188C visa does not require experience in management or business ownership and stay in Australia for a minimum of 40 days/year. For the 188E visa, visa applicants are not required to prove their finances.
Currently iCanfield has the following Australian immigration programs:
Visa 188A: LINK
Visa 188B: LINK
Visa 188C: LINK
Australia visa 188 has 3 programs for entrepreneurs
Please contact iCanfield according to the information below for a free consultation on Australia's 188 visa programs.
iCanfield Vietnam Immigration & Study Abroad Consulting Company
Address: 93 Nguyen Du, Ben Nghe Ward, District 1, HCMC
Call 028 3822 0285 If you need a quick consultation