The Business Innovation and Investment (Provisional) visa (subclass 188) allows individuals to set up and maintain a new or existing business in Australia or to make an investment in Australi.
To migrate under this category, you will first need to submit an Expression of Interest (EOI) through Skill Select and then a nomination from an Australian state or territory government or an Australian agency and an invitation to apply from the Immigration department.
The visa has four streams:
Business Innovation stream is meant for people having business skills and wish to establish, develop and manage a new or existing business in Australia and are nominated by a state or territory government.
The Investor stream allows individuals to make a designated investment of at least AUD1.5million in a state or territory and manage their business and investment activity in Australia. The applicant should have been nominated by a state or territory government.
Significant Investor stream is meant for individuals who are willing to invest at least AUD 5 million into a business in Australia and has a valid nomination from a state or territory or Austrade.
The Premium Investor stream is meant for people or individuals who are ready to make an investment of at least AUD 15 million into a premium investment in an Australian business with an aim to maintain a business & investment activity in Australia. The applicant also needs a nomination from Austrade on the government’s behalf.
Primary applicant has less than functional English | Any dependants (included in application) 18 years or over, with less than functional English |
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Extension $500 | |||
Investment (Permanent) | 9a |
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9a |
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Owner (Residence) | 9a |
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9a |
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Investor (Residence) | 9a |
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