Business innovation and investment (Provisional) visa
(subclass 188)
Business Innovation and Investment (Provisional) visa (subclass 188)
Business Innovation stream
This provisional visa is designed for individuals possessing business skills, enabling them to manage a new or existing business in Australia.
To be eligible:
- You must operate a new or existing business in Australia.
- You must receive nomination from an Australian State or Territory government agency.
Stay
Up to 5 years.
Cost
From AUD9,450.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.
Business Innovation and Investment (provisional) visa (subclass 188)
Investor stream
This provisional visa mandates an investment of at least AUD2.5 million in Australian investments that meet specific criteria, while also requiring the maintenance of business or investment activities in Australia.
Key requirements include:
- Investing AUD1.5 million in an Australian State or Territory.
- Obtaining nomination from an Australian State or Territory government agency.
Stay
Up to 5 years.
Cost
From AUD9,450.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.
Business Innovation and Investment (Provisional) visa (subclass 188)
Significant Investor stream
This provisional visa is intended for individuals who invest a minimum of AUD5 million in Australian investments that meet specific criteria, while also maintaining investment activity in Australia.
Key requirements include:
- Investing at least AUD5 million in complying significant investments in Australia.
- Obtaining nomination by an Australian State or Territory government agency or Austrade.
Stay
Up to 5 years
Cost
From AUD13,860.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.
Business Innovation and Investment (Provisional) visa (subclass 188)
Business Innovation Extension stream
This provisional visa allows holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream to extend their stay in Australia.
Key points:
- You can extend your stay for up to 2 more years, totaling 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
- You must have held only 1 Business Innovation and Investment (Provisional) visa (subclass 188).
- Holding a Subclass 188 visa in the Business Innovation stream is mandatory.
- You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
- Nomination by an Australian State or Territory government agency is required.
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 AUD1,135.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.
Business Innovation and Investment (Provisional) visa (subclass 188)
Significant Investor Extension stream
This provisional visa allows holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream to extend their stay in Australia for up to 4 more years.
Key points:
- You can extend your stay for up to 4 more years, totaling 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.
- Nomination by an Australian State or Territory government agency or Austrade is required.
Stay
Extend stay for up to 4 yearsÂ
Cost
From AUD1,135.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.
Business Innovation and Investment (Provisional) visa (subclass 188)
Premium Investor stream
This provisional visa is designated for individuals nominated by Austrade, who commit to investing a minimum of AUD15 million in Australian investments and/or philanthropic contributions that meet specific requirements.
Key requirements include:
- Investing AUD15 million in Australian investments and/or philanthropic contributions that meet specified criteria.
- Obtaining nomination by Austrade.
Stay
4 years and 3 months
Cost
From AUD9,455.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.
Business Innovation and Investment (Provisional) visa (subclass 188)
Entrepreneur stream
This visa is tailored for startup and early-stage entrepreneurs who have received endorsement to develop their concepts and have been nominated by a State or Territory government agency in Australia.
Key requirements include:
- Having a funding agreement with a third party to conduct entrepreneurial activities.
- Initial nomination by an Australian State or Territory government agency is mandatory.
Stay
Up to 5 years
Cost
From AUD6,395.00
Processing Time
To estimate the processing times for this visa, you can utilize the visa processing time guide tool. This tool provides an indication of the processing times for recently decided applications. However, please note that it serves as a general guide and may not be specific to your application.