Applicants for the 188B visa must be nominated by an Australian state or territory government. This is a four-year temporary visa for those who desire to invest in an Australian state or territory in a specific way. The candidate can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa after maintaining an investment in Australia for four years. To apply for this visa, the applicants can be in Australia or abroad.
If the applicant is in Australia:
- Must hold a Substantive Visa or a Bridging A, B, or C visa.
Applicant must reside for at least 2 years in the nominating State.
