Business Immigration

What is Business Immigration?

This visa is for people who have a successful business or investment career in their past to recent life, and have a genuine and realistic future commitment to be involved in investing or business in Australia.

Explore More About Visa Categories

Business Innovation And Investment (Provisional) VISA (SUBCLASS 188)

Holding this visa is the first stage before becoming eligible to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).

Features

This visa allows you to:

  • own and manage a business in Australia (the Business Innovation stream)
  • conduct business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor stream).
  • undertake an entrepreneurial activity in Australia (Entrepreneur stream).
Who is eligible for a Business Innovation and Investment Visa?

This visa is for significant investors/business people from overseas who are willing to invest funds in a business and/or designated investment in Australia for four (4) years.

This visa is only granted upon invitation. The applicant is required to submit Expression of Interest through Skill Select at first and can apply for visa after getting an invitation. We can lodge the Expression of Interest (EOI) on your behalf before you can be invited to apply.

The innovation points test for the provisional Business Innovation and Investment (Subclass 188) is a key component of the new program. The points test gives points for various elements of human capital and business innovation. The test also includes objective measures of business performance. It aims to select innovative entrepreneurs who will transfer their skills to Australia and diversify the existing pool of business expertise.

You must be less than 55 years of age, although a state or territory can waive this requirement if your proposed business plan will be of exceptional economic benefit to the relevant region. You must score at least currently 65 on the Innovation Points test. Points are awarded for:

  • Ages
  • English language ability
  • Qualifications
  • Experience in business or investments
  • Net personal and business assets
  • Business turnover
  • Innovation

The visa includes five streams:

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.

Entrepreneur stream:

for people who have a funding agreement from a third party for at least AUD 200,000 to undertake a complying entrepreneur activity that is proposed to lead to either the commercialisation of a product or service in Australia or the development of a business in Australia. Applicants must be nominated by a state or territory government.

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