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

Business Innovation and Investment (Provisional) visa (subclass 188) is a 4-year temporary visa allows the business owners or investors to establish or purchase an Australian Business or invest in Australia. To apply for this visa, you must submit an EOI through the SkillSelect system and be nominated by an Australian state or territory or Austrade on behalf of the Australian government.

This visa includes five streams:

  1. Business Innovation Stream is for people who own the business and want to establish, develop and manage a new or existing business in Australia and :
    • Age requirement: under 55 years old, unless the nominating state or territory certifies that you will make an exceptional economic benefit; and
    • Business turnover: Minimum AUD 500,000 for at least 2 of the last four fiscal years; and
    • Net personal and business assets: Minimum AUD 800,000; and
    • Point test: Meet the pass mark. Currently, 65, required to receive an invitation to lodge a Business Innovation visa 
  2. Investor Stream is for people who want to make an investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia and :
    • Age requirement: under 55 years old, unless the nominating state or territory certifies that you will make an exceptional economic benefit; and
    • Net personal and business assets: Minimum AUD 2.25 million for the last two fiscal years
    •  Management or investment experience: Minimum 3 years of experience in management of a qualifying business or eligible investment. Moreover, for at least 1 of the last five fiscal years, You or your partner or both must either :
      • Managed a business holding at least  10% shareholding; or 
      • Managed "eligible investments" of at least AUD 1.5 million
    • Point test: Meet the pass mark. Currently, 65, required to receive an invitation to lodge a Business Innovation visa
    • Investment: AUD 1.5 million in Australian State or Territory bonds before granting of the visa
  3. Significant Investor Stream is for people who want to invest at least AUD5million in Australia and want to maintain business and investment activity in Australia. 
  4. Premium Investor Stream is for people who want to invest at least AUD15million in Australia and want to maintain business and investment activity in Australia. 
  5. Entrepreneur Stream is for people who have a minimum funding agreement of AUD200 000  from a third party to undertake a complying entrepreneur activity that is proposed to lead to either the commercialisation of a product or service in Australia or the development of a business in Australia and:
    •  Age requirement: under 55 years old, unless the nominating state or territory certifies that you will make an exceptional economic benefit; and
    • English Ability: have competent English
    • Funding agreement: at least $200,000 to establish a venture in Australia and Ownership interest of at least 30% in the venture

Including Family Members:

You can include the following family members in your application:

  1. Your partner
  2. Your dependent children or stepchildren

What this visa lets you do in Australia:

This visa is a temporary visa and allows you and any family member migrating with you to:

  1.  Stay in Australia for four years. However, you might be eligible to extend your visa for another two years.
  2. Study and work in Australia.
  3. Apply for permanent residency if you meet the Business Innovation and Investment (Permanent) visa (subclass 888) requirements.

How we can help you:

  1. Free initial assessment service.
  • You can use our online initial assessment tool to assess your eligibility for this visa.
  1. Consultation service
  •  If you would like detailed initial assessment or assistance with your current application or need professional advice, please book an appointment with one of our qualified consultants to provide you with verbal or written advice for your specific matter.
  1. Visa Service
  • We make your visa application process hassle-free. 
  • We advise you on strategies to maximise your application success.
  • We handle your EOI, Nomination and visa application.
  • We inform you of all required documents, check your documents and advise you if more supporting documents are needed.
  • We follow up your case and get your result with the least amount of stress for you.