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Sydney        Kuala Lumpur

Kathmandu        Itahari 

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

Basic Eligibility

  • nominated by an eligible government organisation

  • invited to apply for the visa

  • meet stream requirements

 

Business Innovation and Investment (Provisional) visa (subclass 188)

Business Innovation stream

This temporary visa is for people with business skills. It lets you operate a new or existing business in Australia.

Stay Up to 4 years and 3 months.

Cost  From AUD4,985

Processing Time

  • 75% of applications: 18 months

  • 90% of applications: 20 months

  • You must operate a new or existing business in Australia.

  • You can stay in Australia for up to 4 years and 3 months.

  • You must first be nominated by an Australian state or territory government.

 

 

Business Innovation and Investment (Provisional) visa (subclass 188)

Investor stream

This temporary visa requires you to invest AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia.

Stay Up to 4 years and 3 months.

Cost From AUD4985

Processing Time

  • 75% of applications: 20 months

  • 90% of applications: 21 months

  • You must invest AUD1.5 million in an Australian state or territory.

  • You can stay in Australia for up to 4 years and 3 months.

  • You must first be nominated by an Australian state or territory government.

 

Business Innovation and Investment (Provisional) visa (subclass 188)

Significant investor stream

This visa is for people who invest AUD5 million in Australian investments that meet certain requirements and maintain business and investment activity in Australia.

Stay Up to 4 years and 3 months.

Cost From AUD7150

Processing Time

  • 75% of applications: Unavailable due to low volume of applications.

  • 90% of applications: Unavailable due to low volume of applications.

  • You must invest AUD5 million in complying significant investments in Australia.

  • You can stay in Australia for up to 4 years and 3 months.

  • You must first be nominated by an Australian state or territory government.

 

 

Business Innovation and Investment (Provisional) visa (subclass 188)

Business Innovation Extension stream

This temporary visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream extend their stay for 2 more years.

Stay 2 more years

Cost From AUD600

Processing Time

There are no standard processing times for this visa.

  • If you have had your Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream for at least 3 years you can extend it for 2 more years

  • You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188)

Source: https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/business-innovation-and-investment-188