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Business Innovation and Investment (Provisional) Visa (Subclass 188)
Overview: Turn your business vision into reality in Australia. This provisional visa lets you start, manage, or invest in a business while enjoying life in a thriving economy. It’s your pathway to growth, opportunity, and a future in Australia.
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
- be nominated by a state or territory government an 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, develop and manage a new or existing business in Australia
- Investor stream: for people who want to make a design 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 investments in Australia and want to maintain business and investment activity in Australia.
This is the first step to migration.
Following this, visa holders can apply for permanent residence under the Business Investment and Investment (Permanent) visa (Subclass 888)
Take Away Points
💼 Lets you start or grow a business in Australia.
🌏 Offers a pathway to permanent residency.
📈 Encourages investment in key industries.
🕒 Valid for up to five years to meet requirements.
🤝 Supports entrepreneurs, investors, and innovators.