BUSINESS VISAS

Australia always welcomes skilled businesspeople; and the Business Innovation and Investment visa program is designed for people with proven business skills like business owners, entrepreneurs, and investors and those who are committed to establish business and/or investment in Australia and contribute positively to Australian economy.

Business Innovation and Investment (PROVISIONAL)
Subclass 188
Business Innovation and Investment (PERMANENT)
Subclass 888

BUSINESS INNOVATION AND INVESTMENT

(PROVISIONAL)

SUBCLASS 188

Business Innovation and Investment (Provisional) visa is for the people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicant must be nominated by a state of territory government.


This is a provisional visa which eventually provided a pathway to permanent residency through subclass 888 visa.

Subclass 188 has multiple streams, which includes:

Business Innovation Stream
Investor Stream
Significant Investor Stream
Business Innovation Extension Stream
Significant Investor Extension Stream
Premium Investor Stream
Entrepreneur Stream

When this visa is granted, it will allow you and your family members (included in the application) to:

CARRY OUT BUSINESS & INVESTMENT ACTIVITIES in Australia

APPLY FOR PERMANENT VISA (when eligible)

BRING YOUR FAMILY MEMBERS

TRAVEL IN/OUT AUSTRALIA (until visa is valid)

Business

Innovation

stream

This provisional visa is for the people with business skills and when granted allow them to operate new or existing business in Australia

ELIGIBILITY:

You should also be under 55 years of age and possess relevant business history or qualifications
You must score at least 65 point under point test
To apply for this type of visa, you should be taking over an existing business or starting over a new business enterprise in Australia
You should be nominated by the Australian government or any regional territory agency before you can apply for this visa
You must own personal and business assets of at least AUD 1,250,000
You must not have a history of involvement in unacceptable activities
This type of visa allows you to live and work in Australia for up to 5 years
You can apply for a permanent visa, 3 years after the grant of this visa

This provisional visa requires you to invest at least AUD 2.5 million in Australian investments that meets certain requirements and maintain business or investment activity in As

ELIGIBILITY:

You must be under 55 years of age, an exception is available, where you are of an exceptional economic benefit to the nominating state or territory
You must have held personal and business assets net worth AUD2.5 million in last two fiscal year
You should be able to invest AUD2.5 million in Australia to be eligible for this visa
You also require to meet some predefined conditions as regards business and investment
This visa is granted for five years
It would help if you also had the nomination of the Australian government or territorial government agency

Significant Investor Stream

This provisional visa is for the people who can invest at least AUD 5 million in Australian investment that meet certain requirements and maintain investment activity in Australia.

ELIGIBILITY:

You must have lawfully acquired assets worth AUD 5 million.
You are willing to invest AUD 5 million in a business in Australia
You genuinely intend and committed to live in the Nominating state or Territory after the visa is granted
You must be nominated by a state or territory
The length of this visa is granted for 5 years and needs you to be nominated by the Australian government or a territorial government agency

Business Innovation Extension stream

This provisional visa lets holder of a Business Innovation and Investment (Provisional) subclass 188 visa in the Business innovation stream extend their stay in Australia

ELIGIBILITY:

Must hold the Business Innovation and Investment visa under Business Innovation stream.
Must demonstrate the need to reside in Australia to operate your business and manage its day to day affairs.
Must have current nomination from a State or Territory agency before being invited to apply for this visa. .
You must hold a business innovation stream visa for at least 3 years unless COVID-19 concessions apply.

Significant Investor Extension stream

This provisional visa lets holder of a Business Innovation and Investment (Provisional) subclass 188 visa in the Business significant investor stream extend their stay in Australia for up to 4 more years.

ELIGIBILITY:

Must hold a Business Innovation and Investment (Provisional) subclass 188 in the Significant Investor stream for at least 3 years
Must have not held more than one Business Innovation and Investment (Provisional) subclass 188 in the Significant Investor stream.
Must continue to comply with the significant investment.
Must be nominated by a State or Territory government agency or Austrade

Premium Investor stream

This provisional visa is for the people who are nominated by the Austrade and who can invest at least AUD 15 million in Australian investments and/or philanthropic contributions.

ELIGIBILITY:

You must be invited by Austrade
Must be invited to apply for this visa
Have a genuine intention to hold the investment for the whole period of the visa.
This visa is closed for new applications

Entrepreneur

stream

This provisional visa is for startup and early stage enterpreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.

ELIGIBILITY:

You must have a funding agreement from an acceptable agency or organization for at least AUD 200,000
Must be under 55 years of age.
Must have competent English i.e. 6 in IELTS or 50 in PTE or Equivalent.
You must score at least 65 points in the point test.
You must be Nopmionated the Australian government or a territorial government agency
This visa is granted for 5 years

BUSINESS INNOVATION AND INVESTMENT

(PERMANENT)

SUBCLASS 888

Business Innovation and Investment (Permanent) visa is for the entrepreneurs, investors and business owners to continue their activities in Australia. The applicant must hold a relevant stream of the subclass 188 visa or subclass 444 (special category) visa or a subclass 457 (Business(Long Stay)) visa under certain circumstances.

Subclass 888 visa has multiple streams, which includes:

Business Innovation Stream
Investor Stream
Significant Investor Stream
Business Innovation Extension Stream
Significant Investor Extension Stream
Premium Investor Stream
Entrepreneur Stream

When this visa is granted, it will allow you and your family members (included in the application) to:

Work & Study in Australia

STAY in Australia PERMANENTLY

ENROL IN MEDICARE

APPLY FOR AUSTRALIAN CITIZENSHIP (when eligible)

SPONSOR RELATIVES FOR PR

TRAVEL IN/OUT AUSTRALIA (until visa is valid)

Business

Innovation

stream

This is a permanent visa option for the people who holds a Business Innovation and Investment (Provisional) subclass 188 visa in the Business Innovation stream or Business Innovation extension stream and meet certain eligibility requirements.

ELIGIBILITY:

Must hold the Business Innovation and Investment subclass 188 in the Business Innovation stream, Business Innovation extension stream, a Special Category (Subclass 444) visa or in some cases a Subclass 457 visa
To apply for this type of visa, you should be taking over an existing business or starting over a new business enterprise in Australia
You should have a current nomination from a Australian government or any regional territory agency
Must have own and manage a business in Australia, with an annual turnover of AUD 300,000 in last 12 months before applying
Must have Business assets of net value of AUD 200,000
This type of visa allows you to live and work in Australia for up to 5 years

This visa allow you to continue your investment activities in Australia permanently.

ELIGIBILITY:

Must hold or held the Business Innovation and Investment subclass 188 in the Business Investor stream visa
You have held complying investment of AUD2.5 million in Australia
You must meet the residency requirements, unless COVID-19 concessions apply
You also require to meet some predefined conditions as regards business and investment
This visa is granted for five years
Must have a current nomination from the Australian government or territorial government agency

Significant Investor Stream

This visa allow you to continue your investment activities in Australia permanently.

ELIGIBILITY:

Must hold or held a Business Innovation and Investment (provisional) visa subclass 188 in the Significant Stream or Significant Extention stream
Continue to hold complying significant investment for the required period of time
Must have current nomination from the Australian government or a territorial government agency
Must meet the Australian residency requirements, unless COVID-19 concessions apply

Premium Investor stream

This visa allow you to continue your investment activities in Australia permanently.

ELIGIBILITY:

Must hold a Business Innovation and Investment(Provisional) subclass 188 visa in the Premium investor stream
Must have a current nomination from Austrade
Must have held complying investment of minimum AUD 15 million in Australia
Must have commitment to continue business or investment activities in Australia

Entrepreneur

stream

This permanent visa is for those who holds a Business Innovation and Investment (provisional) subclass 188 visa in the Entrepreneur stream to stay permanently in Australia.

ELIGIBILITY:

Must have held a Business Innovation and Investment (Provisional) subclass 188 visa in Entrepreneur stream for 4 years
Must have lived in Australia for at least 2 years, as a holder of Subclass 188 visa
Must demonstrate a successful record of entrepreneurial activities in Australia while on subclass 188 visa
Must have a current Nomination from a State or a Territory government agency

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