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Business Innovation and Investment (Provisional) Visa (Subclass 188)
Overview: Turn bold ideas into a legal pathway for opportunity. The Business Innovation and Investment (Provisional) Visa (Subclass 188) lets you establish, manage, or invest in an Australian business—while securing a structured route toward permanent residency. It’s ambition, backed by compliance.
This visa is a temporary visa for people to own or manage a new or existing business in Australia or invest in a particular state/territory of Australia.
Requirements
You have to:
- be nominated by a state or territory government and invited to apply
- have a successful business or investment history
- have adequate personal and business assets
The visa includes three streams
- Business innovation stream: for people with business skills who want to establish developing and manage a new existing business in Australia
- Investor stream: for people who want to make a designated investment of at least AUD 1 -5 million in an Australian state or territory and maintain business and investment activity in Australia
- Significant Investor stream: for people who are willing to invest at least AUD 5 million into complying investment in Australia and want to maintain business and investment activity in Australia.
Take Away Points
💼 Lets you start or grow a business in Australia.
🌏 Opens doors to live, work, and explore new markets.
📈 Designed for entrepreneurs, investors, and innovators.
🏡 Includes pathways to permanent residency.
🤝 Encourages global talent to connect and thrive locally.