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Business Innovation and Investment Programme

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

  • 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 from the date the visa is granted
  • Seek permanent residence by applying for a Business Innovation and Investment (Permanent) visa (subclass 888)

Streams of the visa

Business Innovation stream

For:

  • People who have had a successful business for at least 2 years immediately before the visa application and want to establish, develop and manage a new or existing business in Australia

Conditions:

  • Nomination by a state or territory government

 

Investor Stream

For:

  • People who want to make a designated investment ($1.5 million or above) in an Australian state or territory and maintain business and investment activity in Australia

Conditions:

  • Nomination by a state or territory government

 

Significant Investor Stream

For:

  • People who want to make a designated investment ($5 million or above) into complying premium investments in Australia and maintain business and investment activity in Australia

Conditions:

  • Nomination by a state or territory government or Austrade on behalf of the Australian government

 

Premium Investor Stream

For:

  • People who want to make a designated investment ($15 million or above) into complying premium investments in Australia and maintain business and investment activity in Australia

Conditions:

  • Nomination by Austrade on behalf of the Australian government

 

Before the application

The applicant needs to:

  • Submit and Expression of Interest (EOI)
    Specify

    • Which stream you intend to apply under
    • Which state or territory you wish to seek nomination from or if you are seeking nomination from the Australian government (where possible)
  • Be nominated by a state or territory government or Austrade on behalf of the Australian government
  • Be invited through SkillSelect
  • Apply online for the visa within 60 days after receiving the invitation
  • Provide supporting documents and meet additional requirements for the stream in which you apply
  • Speak vocational English proved by a language
  • Undertake a health examination (health requirements)
  • Provide a police certificate (character requirements)
  • Have a valid passport or other travel document
  • Sign the Australian values statement

For detailed requirements for the application of this stream, please contact us for a consultation or refer to The Australian government – Department of Immigration and Border Protection.

 

The applicant can include family members:

  • Partner (married/de facto, own/ partner’s dependent children, other dependent relatives)
  • Requirements for family members:
    • Documentary evidence of the relationship to the main applicant
    • Health and character requirements

Required document checklist

For applicants from China, Macau, Hong Kong or Taiwan

 

Nomination / application process

  • Prepare the documents
  • Apply online
  • Send the supporting documents to the responsible office
  • Make your required investment (for investor streams only)

 

After the nomination / application

  • Provide more information upon request
  • Report changes in your circumstances
  • You can withdraw the application at any time before the decision
  • Decision
    • Outside Australia: Do not make arrangements to travel to Australia before
    • Inside Australia: Eligible for a Bridging visa until decision is made

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Business Innovation and Investment (Permanent) Visa (subclass 888)

  • Manage your business and investments in Australia
  • Stay in Australia indefinitely
  • Work and study in Australia
  • Enrol in Medicare
  • Apply for Australian citizenship (if eligible)
  • Sponsor eligible relatives for permanent residence
  • Travel to and from Australia for five years from the date the visa is granted
    (after that you need a resident return visa or another visa to return to Australia)

Before the application

The applicant needs to:

  • Hold a provisional Business Innovation and Investment visa (subclass 188)
    or hold a Special Category visa (Subclass 444) or a Business (Long stay) visa (subclass 457IE) (primary or secondary visa holder)
  • Have met the requirements for the previous visa (188, 444, 457IE)
  • Have a satisfactory record of complying with Commonwealth laws, and of the State / Territory the business is located
  • Be nominated by an Australian state or territory or by Austrade on behalf of the Australian government
  • Satisfy the health requirement
  • Provide AFP and national police clearance from any country where the applicant has lived for over 12 months since he or she turned 16
  • Have a valid passport or other travel document
  • Have a realistic commitment to maintain business or investment activities in Australia
  • Meet the additional requirements for the stream in which the SC 188 was held

 

The applicant (and partner) must NOT be:

  • Involved in any unacceptable business or investment activities in Australia

 

Please contact us for a consultation on howto get FULLY prepared for Business Innovation and Investment (Permanent) visa (subclass 888), Business Owner Visa (subclass 890), State / Territory Sponsored Business Owner Visa (subclass 892) and State / Territory Sponsored Business Investor Visa (subclass 893)

 

The applicant can include family members:

  • Partner (married/de facto, own/ partner’s dependent children, other dependent relatives)
  • Requirements for family members:
    • Documentary evidence of the relationship to the main applicant
    • Health and character requirements

Required document checklist

 

Nomination / application process

  • Prepare and send the documents to specified offices
  • Apply online

 

After the nomination / application

  • Provide more information upon request
  • Report changes in your circumstances
  • You can withdraw the application at any time before the decision
  • Inside Australia: eligible for a Bridging visa until a decision is made

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Business Talent (Permanent) Visa (subclass 132)

  • Establish a new or develop an existing business in Australia
  • Stay in Australia indefinitely
  • Work and study in Australia
  • Enrol in Medicare
  • Apply for Australian citizenship (if eligible)
  • Sponsor eligible relatives for permanent residence
  • Travel to and from Australia for five years from the date the visa is granted
    (after that you need a resident return visa or another visa to return to Australia)

Streams of the visa

Significant Business History stream

For:

 

Venture Capital Entrepremeur  stream

For:

 

Before the application

The applicant needs to:

  • Submit an Expression of Interest (EOI) and specify which stream you intend to apply
  • Be nominated by a state or territory government
  • Be invited through SkillSelect
  • Apply online for the visa within 60 days after receiving the invitation
  • Provide supporting documents and meet additional requirements for the stream in which you apply

 

The applicant can include family members:

  • Partner (married/de facto, own/ partner’s dependent children, other dependent relatives)
  • Requirements for family members:
    • Documentary evidence of the relationship to the main applicant
    • Health and character requirements

Required document checklist

 

Nomination / application process

  • Send the supporting documents to the specified immigration department offices
  • Apply online

 

After the nomination / application process

  • Provide more information upon request
  • Report changes in your circumstances
  • You can withdraw the application at any time before the decision
  • Decision
    • Outside Australia: Do not make arrangements to travel to Australia before the visa application decision is made
    • Inside Australia: Eligible for a Bridging visa until decision is made

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