Business Innovation and Investment
Business Innovation and Investment (Provisional) visa (subclass 188)
This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.
Business Innovation stream
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.
Stay
Up to 5 years
Cost
From AUD9,450.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must operate a new or existing business in Australia.
You must be nominated by an Australian State or Territory government agency.
Investor stream
This provisional visa requires you to invest at least AUD2.5 million in Australian investments that meet certain requirements and maintain business or investment activity in Australia.
Stay
Up to 5 years
Cost
From AUD9,450.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must invest AUD1.5 million in an Australian State or Territory.
You must be nominated by an Australian State or Territory government agency.
Significant Investor stream
This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.
Stay
Up to 5 years
Cost
From AUD13,860.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must invest at least AUD5 million in complying significant investments in Australia.
You must be nominated by an Australian State or Territory government agency or Austrade.
Business Innovation Extension stream
This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia.
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
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
Extend your stay for up to 2 more years. This means you can stay in Australia for a total of 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
- You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188).
- You must hold a Subclass 188 visa in the Business Innovation stream.
- You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
- You must be nominated by an Australian State or Territory government agency.
Significant Investor Extension stream
This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years.
Stay
Extend stay for up to 4 years
Cost
From AUD1,135.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
Extend your stay for up to 4 more years. This means you can stay in Australia for a total of 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.
You must be nominated by an Australian State or Territory government agency or Austrade.
Premium Investor stream
This provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.
Stay
4 years and 3 months
Cost
From AUD9,455.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must invest AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements.
You must be nominated by Austrade.
Entrepreneur stream
For startup and early stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.
Stay
Up to 5 years
Cost
From AUD6,395.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must have a funding agreement with a third party to carry out entrepreneurial activities.
You must first be nominated by an Australian State or Territory government agency.
Business Innovation stream
This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.
Stay
Up to 5 years.
Cost
From AUD9,450.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must operate a new or existing business in Australia.
You must be nominated by an Australian State or Territory government agency.
Investor stream
This provisional visa requires you to invest at least AUD2.5 million in Australian investments that meet certain requirements and maintain business or investment activity in Australia.
Stay
Up to 5 years.
Cost
From AUD9,450.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must invest AUD1.5 million in an Australian State or Territory.
You must be nominated by an Australian State or Territory government agency.
Significant Investor stream
This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.
Stay
Up to 5 years.
Cost
From AUD13,860.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must invest at least AUD5 million in complying significant investments in Australia.
You must be nominated by an Australian State or Territory government agency or Austrade.
Business Innovation Extension stream
This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia.
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
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
Extend your stay for up to 2 more years. This means you can stay in Australia for a total of 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188).
You must hold a Subclass 188 visa in the Business Innovation stream.
You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years.
You must be nominated by an Australian State or Territory government agency.
Significant Investor Extension stream
This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years.
Stay
Extend stay for up to 4 years
Cost
From AUD1,135.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
Extend your stay for up to 4 more years. This means you can stay in Australia for a total of 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.
You must be nominated by an Australian State or Territory government agency or Austrade.
Premium Investor stream
This provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.
Stay
4 years and 3 months
Cost
From AUD9,455.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must invest AUD15 million in Australian investments and/or philanthropic contributions that meet certain requirements.
You must be nominated by Austrade.
Entrepreneur stream
For startup and early stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.
Stay
Up to 5 years
Cost
From AUD6,395.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
You must have a funding agreement with a third party to carry out entrepreneurial activities.
You must first be nominated by an Australian State or Territory government agency.
