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:
If you are nominated by an Australian state or territory government and want to establish, manage new or existing business, you can apply for the visa under this stream.
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If you are willing to make a designated investment of at least AUD 1.5 million in an Australian state or territory and maintain business activity in Australia, you can apply for the visa under this stream.
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If you are willing to invest at least AUD 5 million into complying significant investments in Australia and maintain business activity in Australia, you can apply for the visa under this stream.
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If you are willing to invest at least AUD 15 million into complying premium investments in Australia and maintain business & investment activity in Australia, you can apply for this visa under this stream.
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If you have a funding agreement from a third party of at least AUD 200,000 to undertake a complying entrepreneur activity either for the commercialisation of a product of service in Australia or the development of Australian business, you can apply for the visa under this stream.
Learn MoreTravel 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)