Business Innovation Visa usually permits people with business skill to run a newly set or pre-existing business in Australia. This visa is valid for five years.

 

Cost: The cost usually ranges from 6085 AUD.

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

Submit expression of interest (EOI) in SkillSelect

Nominated by a State or Territory government agency or Austrade

Invited to apply for the visa

Business Innovation stream

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

Stay

Up to 5 years.

Cost

From AUD6,085

Investor stream

This provisional visa requires you to invest at least AUD2.5 million in Australian investments that meet certain requirements and maintain business or investment activity in Australia.

Stay

Up to 5 years.

Cost

From AUD6,085

•  You must invest AUD1.5 million in an Australian State or Territory.
• You must be nominated by an Australian State or Territory government agency.

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.

Stay

Up to 5 years

Cost

From AUD8,925

• ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​You must invest at least AUD5 million in complying significant investments in Australia.
• You must be nominated by an Australian State or Territory government agency or Austrade.

Business Innovation Extension stream

This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia.

Stay

Stay in Australia for up to 6, 7 or 8 years after the date of grant of the original Business Innovation and Investment (Provisional) visa (Subclass 188) in the Business Innovation stream .

Cost

From AUD730

1. ​​​​​​​​​​​​​​​​​​​​​​​​​Extend your stay for up to 2 more years. This means you can stay in Australia for a total of 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
2. You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188).
3. You must hold a Subclass 188 visa in the Business Innovation stream.
4. You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
5. You must be nominated by an Australian State or Territory government agency.

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.

Stay

Extend stay for up to 4 years

Cost

From AUD730

​​​​​​​​​​​​​​​​​Extend your stay for up to 4 more years. This means you can stay in Australia for a total of 8 years from the date of grant of your Subclass 188 visa in the Significant Investor stream.

• You must hold a Subclass 188 visa in the Significant Investor stream for at least 3 years, or a Subclass 188 visa in the Significant Investor Extension stream.
• You cannot have held more than 1 Subclass 188 visa in the Significant Investor Extension stream.
• You must be nominated by an Australian State or Territory government agency or Austrade.

 

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

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.

Stay

4 years and 3 months

Cost

From AUD9,455

Processing Time

Processing times are not available.

• ​You must invest AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements.
• You must be nominated by Austrade.

 

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

Entrepreneur stream

For startup and early stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.

Stay

Up to 5 years

Cost

From AUD 4,115

• ​​​​​​​​​​​​​​​​​​​​​​​​You must have a funding agreement with a third party to carry out entrepreneurial activities.
• You must first be nominated by an Australian State or Territory government agency.

Partner Visa

Allows the partner or spouse of an Australian citizen, Australian permanent resident or eligible New Zealand citizen to live in Australia.

You apply for the temporary and the permanent partner visas together.

In most circumstances, you must be the spouse (married) or de facto partner of an:

• Australian citizen
• Australian permanent resident or
• eligible New Zealand citizen

 

Subclass 820