Business Visas

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 - Subclass 188
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.

With Business Innovation Stream you can

  • operate a new or existing business in Australia
  • bring eligible members of your family with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888)
  • You must

  • score at least 65 on the points test
  • provide proof of your business success (annual turnover, ownership interest)
  • You, your partner, or you and your partner together, have total net business and personal assets of at least:
    • AUD1.25 million if you were invited to apply for this visa

    Investor stream - Subclass 188
    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

    With this visa, you can

  • carry out business and investment activity in Australia
  • bring eligible members of your family with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888)
  • You must

  • be nominated by a State or Territory government agency to invest at least
  • AUD2.5 million that meets certain requirements if you were invited to apply
  • score at least 65 on the points test
  • have net business, investment and personal assets of at least AUD2.5 million
  • Significant Investor stream - Subclass 188
    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.

    With this visa, you can

  • carry out investment activity in Australia
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream if certain requirements are met.
  • You must

  • be invited to apply for this visa
  • be nominated by a State or Territory government agency or Austrade to invest at least AUD5 million that meets certain requirements and have a genuine intention to hold that investment for the life of your provisional visa
  • have a genuine intention to live in the State or Territory whose government agency nominates you
  • Business Innovation Extension stream - Subclass 188
    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.

    With this visa, you can

  • operate a new or existing business in Australia
  • bring eligible members of your family with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream if you meet certain requirements
  • You must

  • hold, or in certain cases must have held a Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream for at least three years or
  • hold, or in certain cases must have held a Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Extension stream stream and not have held more than one Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Extension stream visa and
  • be nominated by a State or Territory government agency.
  • Significant Investor Extension stream - Subclass 188
    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.

    With this visa you can

  • carry out investment activity in Australia
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream
  • You must

  • hold a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream and have held that visa for at least 3 years or
  • hold a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor Extension stream and not have held more than one of these visas and
  • be nominated by a State or Territory government agency or Austrade
  • Entrepreneur stream - Subclass 188
    For startup and early stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.

    With this visa you can

  • carry out entrepreneurial activity in Australia
  • bring eligible members of your family with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Entrepreneur stream if you meet certain requirements
  • You must

  • be nominated by a State or Territory government agency
  • undertake, or propose to undertake, a complying entrepreneur activity in Australia
  • show us a business plan for your entrepreneurial activity
  • have at least competent English
  • If you have any queries related to Subclass 188 – Business Innovation and Investment (Provisional) visa or want to get Visa Advice you can book consultancy and contact our team at +61 2 8678 5756 (Monday to Friday, 8 AM to 6:30 PM). You can also book a face–to–face appointment and one of our migration consultants will assess your eligibility to apply for the visa.
    Hope Immigration Services is Here to Help
    We understand that it can sometimes be frustrating, stressful and confusing when you want apply for a visa to Australia.

    Call us on (02) 8678 5756 to arrange a personal consultation with one of our Sydney migration agents, or complete the form and we will be in touch to learn more about your specific needs.

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