The Business Innovation and Investment visa (Subclass 188) is a temporary visa for applicants who want to own or manage a new or existing business in Australia.
It also serves as a first step towards being eligible for a permanent Business Skills visa.
To be eligible for 188 visa, you must:
Travel in and out of Australia till the visa is valid
Bring eligible family members to Australia
Be eligible for permanent residency by applying for a Business Innovation and Investment (Permanent) visa (subclass 888)