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

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

• ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​You must operate a new or existing business in Australia.
• You must be nominated by an Australian State or Territory government agency.

a) Investor Stream

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

b) Significant Investor Stream

• ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​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.

c) Business Innovation Extension Stream

• ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​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.
• You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188).
• You must hold a Subclass 188 visa in the Business Innovation stream.
• You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
• You must be nominated by an Australian State or Territory government agency.

d) Significant Investor Extension Stream

• ​​​​​​​​​​​​​​​​​​​​​​​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.

e) Premium Investor Stream

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

f) Entrepreneur Stream

• ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​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.