Innovation and Investment Visas


There are several visa options for those who want to do business in Australia. We can help you find the right one.
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 Austrade 
  • be invited to apply for the visa
The Subclass 188 visa has several streams:


Business Innovation stream


Purpose

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


Stay

Up to 5 years
Can be extended for another 2 years


Requirements

Applicants must:

  • score at least 65 on the points test
  • be under the age of 55
  • have functional English

and

If invited to apply on or after 1 July 2021:

  • have assets of at least AUD1,250,000
  • an ownership stake in one or more qualifying businesses with turnover of at least AUD750,000 for least 2 of the 4 fiscal years immediately before you receive an invitation to apply

or

If invited to apply before 1 July 2021:

  • have assets of at least AUD800,000
  • an ownership stake in one or more qualifying businesses with turnover of at least AUD500,000 for least 2 of the 4 fiscal years immediately before you receive an invitation to apply


Significant Investor stream

Purpose

For people who invest at least AUD5 million in complying Australian investments


Stay

Up to 5 years
Can be extended for another 2 years


Requirements

Applicants must: 

  • invest at least AUD5 million in venture capital funds and approved managed funds when invited
  • have functional English

and

If invited to apply on or after 1 July 2021:

  • have a genuine intention to hold that investment for the life of your provisional visa

or

If invited to apply before 1 July 2021:

  • have a genuine intention to hold that investment for at least for 4 years


Investor stream

Purpose

For people who invest at least AUD2.5 million in complying Australian investments.


Stay

Up to 5 years

Requirements

Applicants must:

  • have managed a qualifying business or investments to the value of at least AUD1.5 million for at least 1 of the 5 fiscal years immediately before you are invited to apply
  • intend to live in a specific State or Territory
  • score at least 65 on the points test
  • be under the age of 55
  • have functional English

and

If invited to apply on or after 1 July 2021: 

  • have assets of at least AUD2.5 million
  • make a complying significant investment of at least AUD2.5 million

or 

If invited to apply before 1 July 2021:

  • have assets of at least AUD2.25 million
  • make an investment of AUD1.5 million in an Australian State or Territory

 

Entrepreneur stream

Purpose

For people who carry out entrepreneurial activities in Australia


Stay

Up to 5 years

Requirements

Applicants must: 

  • be undertaking, or proposing to undertake, a complying entrepreneur activity in Australia 
  • have a genuine intention to continue this activity
  • be under the age of 55
  • have competent English

and

If invited to apply on or after 1 July 2021:

  • must be endorsed by your nominating State or Territory government agency to develop your entrepreneurial concepts

or

If invited to apply before 1 July 2021:

  • have a funding agreement of at least AUD200,000 to carry out eligible entrepreneurial activities



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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DISCLAIMER: No material on this website, including but not limited to documents, articles, general comments, responses and other communications should be interpreted as relevant or accurate legal advice for any individual or specific situation. The information is of a general nature and cannot substitute for professional legal advice. Such advice is only provided by our firm following the acceptance by a client of our written agreement, and the payment of the required fees.