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

Features

Allows business people to establish a new, or develop an existing, business in Australia, or to invest in Australia.

Eligibility

You must:

  • be nominated by a state or territory government or Austrade
  • be invited to apply for the visa
  • have experience in owning and operating a business (Business Innovation stream) or
  • have at least AUD 1.5 million to invest (Investor stream) or
  • have at least AUD 5 million to invest (Significant Investor stream) or
  • have at least AUD 15 million to invest (Premium Investor stream)
  • meet additional requirements of the relevant stream.

Length of stay

Four years and three months

What you can do

You can apply for a Business Innovation and Investment (Permanent) visa (subclass 888) (if eligible).

Global processing times

  • 75 per cent of applications
  • processed in 8 months

Point Score