Business Visa

BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) VISA (SUBCLASS 188)

This visa is a temporary visa for people who wish to own and manage a new or existing business in Australia, or to invest in Australia. The applicant must submit EOI under SkillSelect (except for applicants in the Extension streams) and must be sponsored by State/Territory government or Austrade. Applicants for Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation (except Extension) & Investor streams will be points tested, and score 65 points to pass. The Business Innovation and Investment (Provisional)(188) visa is subdivided currently into 4 principal streams and extension streams:

BUSINESS INNOVATION STREAM

This stream is for those persons who wish to establish, develop and manage a new or existing business in Australia with their business skills. Applicants must be nominated by a state or territory government.

INVESTOR STREAM

This stream is for those persons who wish to invest at least AUD1.5million into designated investments in an Australian state or territory and want to maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.

SIGNIFICANT INVESTOR STREAM

This stream is for those persons who want to make complying significant investments of at least AUD5million in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government. Applicants will still have to submit an EOI through SkillSelect and be nominated by a State/Territory government, but will not need to meet age or points test assessments.

PREMIUM INVESTOR STREAM

Premium investors will be required to make investment or philanthropic contribution of AUD 15 million into a Complying Investment. Applicants must be nominated by Austrade on behalf of the Australian government.