188 Business Innovation and Investment (Provisional) visa

business innovation and investment provisional

Business Innovation and Investment Provisional Visa 188 – What is it?

Submit an EOI and be nominated by a State Government or Austrade before being invited to apply. Own & manage a business in Australia (the Business Innovation stream) conduct business and investment activity (the Investor stream, the Significant Investor stream and the Premium Investor stream). Undertake an entrepreneurial activity in Australia (Entrepreneur stream).

“ONE STOP SHOP” BUSINESS INNOVATION AND INVESTMENT PROVISIONAL –  AUSTRALIA BUSINESS ENTRY

Defined – Business Innovation and Investment Provisional visa:

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

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

Investor Stream – Business Innovation and Investment Provisional Visa 188

This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia. Eligibility as follows:

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

Significant Investor stream – Business Innovation and Investment Provisional Visa 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. Eligibility as follows:

  • 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 the CEO of Austrade

Business Innovation Extension stream – Business Innovation and Investment Provisional Visa 188

This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years. Eligibility as follows:

  • You must invest at least AUD5 million in complying significant investments in AustraliaExtend 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

Significant Investor Extension – Business Innovation and Investment Provisional Visa 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. Eligibility as follows:

  • 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 the CEO of Austrade

Premium investor stream – Business Innovation and Investment Provisional Visa 188

This provisional visa is for people who are nominated by the CEO of Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions. Eligibility as follows:

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

Entrepreneur stream – Business Innovation and Investment Provisional Visa 188

This provisional visa lets you carry out entrepreneurial activities in Australia. Eligibility as follows:

  • 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

View Visa Requirements

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Note: Fill in questionnaire below for required streams. Attach your CV, Financial Statements and other information you think may be relevant. Complete declaration accepting terms and conditions and Submit | Pay Fee (We will assess the most suitable visa stream for you)