Business Innovation and Investment (Provisional) Visa (Subclass 188)
Invest, Innovate, and Thrive in Australia
Discover how to live, invest, and grow your business Down Under.
The Business Innovation and Investment (Provisional) Visa (Subclass 188) is a temporary visa that allows individuals to own and manage a business in Australia, conduct business and investment activity in Australia, or undertake an entrepreneurial activity in Australia. This visa has several streams.
Types:
- Business Innovation Stream: For people with business skills who want to operate a new or 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 invest at least AUD 5 million into complying significant investments in Australia and want to maintain business and investment activity in Australia.
- Premium Investor Stream: For people who are nominated by Austrade and who invest at least AUD 15 million in Australian investments and/or philanthropic contributions.
- Entrepreneur Stream: For people who have a funding agreement from a third party for at least AUD 200,000 to undertake a complying entrepreneur activity that is proposed to lead to the commercialization of a product or service in Australia or the development of a business in Australia.
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Must be nominated by a state or territory government agency or Austrade.
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Must be invited to apply for the visa.
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Must meet specific requirements for each stream (e.g., business experience, net assets, investment amounts).
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Must meet health and character requirements.
Eligibility
What You Can Do When You Hold This Visa
As a holder of the Business Innovation and Investment Visa, you will have the exciting opportunity to stay in Australia for up to 4 years and 3 months, where you can operate a new or existing business, manage your investments, and pursue entrepreneurial ventures. Moreover, you can bring along your eligible family members to join you on this journey, enjoy the freedom to travel in and out of Australia as you please, and even take the next step towards permanent residency through the Subclass 888 Visa.