The Business Innovation Visa for Australian PR - The Visa for Business Owners

This visa is for successful overseas business owners and investors who want to invest in new or existing businesses in Australia or make a defined investment in an Australian state or territory government bonds. The Business Innovation and Investment visa (Subclass 188) is a five-year provisional visa that allows you to apply for the Business Innovation and Investment (subclass 888) Visa which grants permanent residency.            

What can you do with this visa?

  • This visa permits you to start a new business or expand an existing one in Australia, make an investment with an Australian state or territory government, or make a complying investment in Australia.
  • With your visa, you can travel in and out of Australia.
  • Bring your family to Australia with you.
  • Apply for a Business Innovation and Investment (Permanent) Visa (subclass 888) to obtain permanent residency. 

Benefits of business innovation visa

All of the benefits of permanent residence in Australia will be available to the applicant and their family, including:

  • The applicant will be able to work and live in Australia indefinitely if they meet the requirements.
  • Sponsor family to live with you permanently.
  • You have complete freedom to travel in and out of Australia.
  • Opportunity to apply for permanent residency with the Business investor visa in Australia. 

Subclass 188 visa eligibility criteria

  • A state or territory government must nominate the applicant
  • It is recommended that you are under the age of 55
  • Comply with health regulations
  • Comply with the character requirements
  • To be invited to apply, submit an Expression of Interest
  • Willing to sign the Australia Values Declaration
  • Should not owe any money to the Australian government.

Different streams of visa

Stream of business innovation:

People with business talents who want to start, grow, and manage a new or existing firm in Australia are encouraged to apply.

Stream of investors:

It is for those who desire to invest at least AUD2.5 million in an Australian state or territory and keep their company and investment activities in Australia.

Stream of significant investors:

Persons who want to keep their company and investment activity in Australia and are willing to invest at least AUD5 million in compliant assets.

Stream for entrepreneurs:

People who have received a finance arrangement from a third party to engage in a compliant entrepreneur activity. This will lead to the commercialisation of a product or service in Australia or creating a business in Australia.

End line

The Business Innovation and Investment (Provisional) visa is perfect for people who want to start a new business or expand an existing one, or invest in Australia while on a temporary resident visa. It is critical to get your visa sorted out if you want to start a business in Australia. Thus, obtaining an Invitation letter for business visa Australia is an important step in that procedure.


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