Business Innovation + Investment Visas

Business Innovation and Investment (Provisional) (Subclass 188) visa

This visa is ideal for those who want to own and manage a business, undertake entrepreneurial activity or conduct business and investment activity in Australia. A subclass 188 visa will allow you to travel in and out of Australia while you hold the visa, bring some family members to Australia with you and you may be eligible for permanent residency by applying for a subclass 888 visa.

There are five different streams under the subclass 188 visa:

  1. Business Innovation Stream

  2. Investor Stream

  3. Significant Investor Stream

  4. Premium Investor Stream

  5. Entrepreneur Stream

The process for applying for a subclass 188 visa is:
 

  1. Expression of Interest

    You must submit an expression of interest indicating which State or Territory you wish to seek nomination from and outlining how you meet the criteria for the stream you wish to apply for. The expression of interest may be submitted from within Australia or overseas.
     

  2. State or Territory Nomination

    Once you have submitted your expression of interest, you may receive a nomination from the State or Territory. Each State and Territory has their own requirements for nominating a person for a subclass 188 visa. Please contact us if you want to know more about the different requirements.
     

  3. Visa Application

    If you are invited to apply for the subclass 188 visa, you can apply from within Australia or overseas, with certain exceptions (contact us to learn more about the exceptions). Your visa application must satisfy the requirements for the subclass 188 visa and the requirements for your particular stream.

Business Innovation Stream

  • You must operate a new or existing business in Australia

  • You must be nominated by an Australian State or Territory government agency

  • You and your partner together have total net business and personal assets of at least AUD$800,000

  • Some family members can be included in the application

  • Once granted, you can stay in Australia for up to 4 years and 3 months, and then you may be eligible for a permanent Subclass 888 Business Innovation and Investment (Permanent) visa Business Innovation Stream

Business Innovation Extension Stream

  • If you already hold a Business Innovation and Investment (Provisional) visa in the Innovation stream, you can apply for this visa to extend your stay in Australia for up to an additional 2 years

  • You must have already held a Subclass 188 Business Innovation and Investment (Provisional) visa Innovation stream for at least 3 years

  • Immediate family members can be included in the application

Investor Stream

  • You must invest at least AUD$1.5 million in an Australian State or Territory and maintain business or investment activity in Australia

  • You must be nominated by an Australian State or Territory government agency

  • Immediate family members can be included in the application

  • Once granted, you can stay in Australia for up to 4 years and 3 months, and then you may be eligible for a permanent Subclass 888 Business Innovation and Investment (Permanent) visa Investor stream

Significant Investor Stream

  • You must invest at least AUD$5 million in an Australian State or Territory and maintain business or investment activity in Australia

  • You must be nominated by an Australian State or Territory government agency

  • Some family members can be included in the application

  • Once granted, you can stay in Australia for up to 4 years and 3 months, and then you may be eligible for a permanent Subclass 888 Business Innovation and Investment (Permanent) visa Investor stream

Significant Investor Extension Stream

  • If you already hold a Business Innovation and Investment (Provisional) visa in the Significant Investor stream, you can apply for this visa to extend your stay in Australia for up to an additional 4 years

  • You must have already held a Subclass 188 Business Innovation and Investment (Provisional) visa Significant Investor stream for at least 3 years, or a Subclass 188 visa in the Significant Investor Extension Stream

  • Immediate family members can be included in the application

Premium Investor Stream

  • You must invest AUD$15 million in Australian investments and/or philanthropic contributions that meet the requirements

  • This visa is only available to people who can deliver long-term economic benefit to the country. You must be nominated by Austrade to be eligible for this visa (you can read more about Austrade here).

  • Once granted, you can stay in Australia for up to 4 years and 3 months, and then you may be eligible for a permanent Subclass 888 Business Innovation and Investment (Permanent) visa Premium Investor stream

Entrepreneur Stream

  • You must have a funding agreement with a third party to carry out entrepreneurial activities

  • You must be nominated by an Australian State or Territory government agency

  • Once granted, you can stay in Australia for up to 4 years and 3 months, and then you may be eligible for a permanent Subclass 888 Business Innovation and Investment (Permanent) visa Entrepreneur stream

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