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.
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.
NOTE: This visa will be discontinued from September 2024. Read our Newsflash for more details.
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
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.
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
Check your eligibility here.
Investor
stream
For people who invest at least AUD1.5 million in an Australian State or Territory
Stay
Up to 4 years and 3 months
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
Check your eligibility here.
Significant Investor stream
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.
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
Check your eligibility here.
Premium Investor stream
For people who are nominated by Austrade and invest at least AUD15 million in Australian investments and/or philanthropic contributions
Up to 4 years and 3 months
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)
Check your eligibility here.
contact us
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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