INVESTMENT & INNOVATION VISAS

Business Innovation and Investment (Provisional) Visa


This is a temporary visa that lets people with business skills own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.

SUBCLASS 188

Business Innovation and Investment (Provisional) Visa

This is a temporary visa that lets people with business skills own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.

Basic requirements

The applicant must:
  • submit expression of interest (EOI) in SkillSelect
  • be nominated by a State or Territory government agency or the CEO of Austrade 
  • be invited to apply for the visa
The Subclass 188 visa has three different streams:
Business Innovation stream

Purpose

For people with business skills to operate a new or existing business in Australia.


Stay

Up to 4 years and 3 months
Can be extended for another 2 years.

Requirements

Applicants must:

  • have assets of AUD1.5 million (lawfully acquired) and annual business turnover of AUD3 million
  • a total net assets of at least AUD400,000 as the ownership interest in one or more qualifying businesses for least 2 of the 4 fiscal years immediately before you are invited to apply
  • be nominated by an Australian state or territory government
  • be invited to apply for the visa
Can you apply for this visa?

Check your eligibility here.


Investor
stream

Purpose

For people who invest at least AUD1.5 million in an Australian State or Territory


Stay

Up to 4 years and 3 months



Requirements

Applicants must:

  • make an investment of AUD1.5 million in an Australian State or Territory
  • score at least 65 on the points test
  • have net business, investment and personal assets of at least AUD2.25 million
Can you apply for this visa?

Check your eligibility here.

Significant Investor stream

Purpose

For people who invest at least AUD5 million in Australian investments



Stay

Up to 4 years and 3 months
Can be extended for another 2 years.

Requirements

Applicants 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 at least for 4 years
  • have a genuine intention to live in the State or Territory whose government agency nominates you
Can you apply for this visa?

Check your eligibility here.

Premium Investor stream

Purpose

For people who are nominated by Austrade and invest at least AUD15 million in Australian investments and/or philanthropic contributions

Stay

Up to 4 years and 3 months


Requirements

Applicants must: 

  • be nominated by Austrade 
  • be invited to apply for this visa
  • invest at least AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements 
  • have a genuine intention to hold the investment for the whole period of the visa (except any part of the investment that is a philanthropic contribution)


Can you apply for this visa?

Check your eligibility here.

Potential pathways
Getting this visa is the first step towards a permanent Business Innovation and Investment visa (Subclass 888). If eligible, people who hold a permanent Subclass 188 via can go on to apply for Australian citizenship.
Are you a business owner or entrepreneur?

We can assist you with finding the best pathway to invest and conduct business in Australia. Contact us today for an initial consultation.

contact us

+61 2 9212 4008

51 Albion Street,
Surry Hills,
Sydney NSW 2010
AUSTRALIA

Monday to Friday
9am - 5:30pm
(or flexible by appointment)

Abacus Visa Pty Ltd. ACN: 147099303
Abacus Visa & Migration Services Pty Ltd. ABN: 58169966036
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