Business Innovation and Investment (Provisional)
Subclass 188
Business Innovation stream
For people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicants must be nominated by a state or territory government.
Investor stream
For people who want to make a designated investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.
Significant Investor stream
For people who are willing to invest at least AUD5million into complying significant investments 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.
Premium Investor stream
For people who are willing to invest at least AUD15million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Applicants must be nominated by Austrade on behalf of the Australian government.
What You Can Do
This visa will allow you to:
- establish a new or develop an existing business and/or invest in Australia, make a designated investment with an Australian state or territory government or make and maintain complying investments in Australia
- travel in and out of Australia for the life of your visa
- bring family members with you to Australia
- seek permanent residence by applying for a Business Innovation and Investment (Permanent) visa
Applicant Requirements
You may be eligible for this visa if you:
- you are nominated by a state or territory government or Austrade on behalf of the Australian government
- you are invited to apply
- you (and all your family members) meet certain health and character requirements
- you meet the additional requirements for the stream in which you apply
Enquire about this visa
Client Stories
Ritchie begain his career at the age of 17 as a member of the successful music group 5ive.
Ritchie moved to Australia and found success as restaurateur in Crows Nest, at ‘Small Bar’, and attracting a loyal following of local and tourist drinkers with his exceptional mixology skills, becoming a sommelier.
Steps to apply for a work visa
1
Contact Visacorp to obtain a full assessment of your eligibility for an Australian visa.
2
Visacorp will advise in writing which visa is most suitable for you and confirm your eligibility for the chosen visa. A service agreement (i.e. quote & appointment letter) will be provided to you for your consideration and acceptance.
3
Once Visacorp is appointed we will guide you through the visa preparation process so that the application is presented to the Department of Home Affairs so that it stands the best chance of success
4
Submit visa application to the Department of Home Affairs along with all certified documents
5
Await decision from the Department of Home Affairs.