Provisional Business (Subclass 188)
Business Innovation and Investment (Provisional) visa (Subclass 188)
The Business Innovation and Investment (Provisional) visa enables you to possess as well as manage a business across Australia, conduct a legible and approved business and investment activity across Australia or undertake an authentic entrepreneurial activity anywhere in Australia
Basic Eligibility Criteria:
- Submit expression of interest (EOI) in the SkillSelect portal
- Nominated by a state or territory government of Australia or Austrade
- Invited to apply (ITA) for this particular visa
The various immigration streams under Business Innovation and Investment (Permanent) Subclass 188 Visa
Business Innovation stream
The Business Innovation Stream visa is a provisional visa and is specially designed for those individuals that possess appropriate business skills. The visa stream lets you operate either an entirely new or existing business across Australia.
Stay:Maximum 4 years and 3 months
Cost: Starting from AUD 5,375
To apply for this visa:
- you must operate and manage either a new or existing business across Australia
- you must be nominated or sponsored by a state or territory government of Australia
Investor Stream
The Investor stream visa which comes under the Business Innovation and Investment (Provisional) visa has a mandatory requirement to invest a minimum amount of AUD 1.5 million in one of the state or territories of Australia and also sustain a specific business or investment activity across Australia.
Stay: Maximum 4 years and 3 months
Cost: Starting from AUD 5,375
To apply for this visa:
- You must make an investment equivalent to AUD 1.5 million in one of the state or territories across Australia
- You must receive a nomination from a state or territory government of Australia
Significant Investor Stream