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Business Innovation and Investment



BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) VISA (SUBCLASS 188)

This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia

BUSINESS INNOVATION STREAM

This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.

• You must operate a new or existing business in Australia.
• You must be nominated by an Australian State or Territory government agency.

Stay

Up to 5 years.

Cost

From AUD 6085

INVESTOR STREAM

This provisional visa requires you to invest at least AUD2.5 million in Australian investments that meet certain requirements and maintain business or investment activity in Australia.

• You must invest AUD1.5 million in an Australian State or Territory
• You must be nominated by an Australian State or Territory government agency

Stay

Up to 5 years

Cost

From AUD 6085


SIGNIFICANT INVESTOR STREAM

This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.

• You must invest at least AUD5 million in complying significant investments in Australia.
• You must be nominated by an Australian State or Territory government agency or Austrade.

Stay

Up to 5 years

Cost

From AUD 8925


BUSINESS INNOVATION EXTENSION STREAM

This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia.

• Extend your stay for up to 2 more years. This means you can stay in Australia for a total of 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
• You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188).
• You must hold a Subclass 188 visa in the Business Innovation stream. • You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
• You must be nominated by an Australian State or Territory government agency.

Stay

Stay in Australia for up to 6, 7 or 8 years after the date of grant of the original Business Innovation and Investment (Provisional) visa (Subclass 188) in the Business Innovation stream .

Cost

From AUD 730


SIGNIFICANT INVESTOR EXTENSION STREAM

This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years.

• Extend your stay for up to 4 more years. This means you can stay in Australia for a total of 8 years from the date of grant of your Subclass 188 visa in the Significant Investor stream.
• You must hold a Subclass 188 visa in the Significant Investor stream for at least 3 years, or a Subclass 188 visa in the Significant Investor Extension stream.
• You cannot have held more than 1 Subclass 188 visa in the Significant Investor Extension stream.
• You must be nominated by an Australian State or Territory government agency or Austrade.

Stay

Extend stay for up to 4 years

Cost

From AUD 730


PREMIUM INVESTOR STREAM

This provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.

• You must invest AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements.
• You must be nominated by Austrade.

Stay

4 years and 3 months

Cost

From AUD 9455


ENTREPRENEUR STREAM

For startup and early stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.

• You must have a funding agreement with a third party to carry out entrepreneurial activities.
• You must first be nominated by an Australian State or Territory government agency.

Stay

Up to 5 years

Cost

From AUD 4115