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Business Innovation and Investment – Provisional – Subclass 188

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

 

TYPEDESCRIPTIONSTAYCOST

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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