Business Innovation and Investment - Provisional
(Subclass 188)
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.
Basic Eligibility
You must:
- Submit expression of interest (EOI) in SkillSelect
- Nominated by a State or Territory government agency or Austrade
- Invited to apply for the visa
Visa Streams
| TYPE | DESCRIPTION | STAY | COST |
|
Business Innovation Stream
|
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia. |
Up to 4 years and 3 months.
|
From AUD5,375
|
|
Investor Stream
|
This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia. |
Up to 4 years and 3 months.
|
From AUD5,375
|
|
Significant Investor Stream
|
This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia. | Up to 4 years and 3 months. |
From AUD7,880
|
|
Business Innovation Extension Stream
|
This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years. | 6 years after the date of the grant of the original Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream that you held at the time of application |
From AUD645
|
|
Significant Investor Extension Stream
|
This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years. |
Extend stay for up to 4 years
|
From AUD645
|
|
Premium Investor Stream
|
This provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions. |
4 years and 3 months
|
From AUD9,455
|
|
Entrepreneur Stream
|
This provisional visa lets you carry out entrepreneurial activities in Australia. |
4 years and 3 months
|
From AUD4,045
|
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