Business Innovation and Investment Provisional Visa (Subclass 188)

Business Innovation and Investment Provisional Visa (Subclass 188) is a provisional visa which allows the holder to remain in Australia for 4 years and 3 months. Further, this visa category allows the holder to: (1) own and manage a business; (2) conduct business and investment activities; and (3) undertake entrepreneurial activity in Australia. The criteria to be satisfied depends on the stream the applicant is applying under:

188 Visa has the following visa streams:

Business Innovation Stream

Business Innovation Visa stream is intended for businessmen and entrepreneurs to manage a new or existing business in Australia.

Investor Stream

Investor Visa is a temporary visa requires you to invest AUD1.5 million in an Australian state or territory and retain business and investment in Australia.

Significant Investor Stream

This visa is for people who invest AUD5 million in Australian investments that meet certain requirements and retain business and investment in Australia.

Premium Investor Stream

This visa is for people who are nominated by Austrade and who invest AUD15 million in Australia.

Entrepreneur Stream

This visa allows the holder to carry out entrepreneurial activities in Australia and stay for up to 4 years and 3 months.

The common criteria for Business Innovation and Investment Provisional Visa are that the applicant and spouse/de facto partner must not have a history of involvement in business or investment activities generally not acceptable in Australia, and the nominating state/territory government agency has not withdrawn the nomination. The applicant and each member of the family must satisfy health and character requirements.