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Application for a business visa to Australia is a two-stage process:

  1. Provisional Visa subclass 188
  2. Permanent Visa subclass 888

To qualify for the Business Innovation and Investment (Temporary) (subclass 188) visa the age limit is 55, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the relevant region. There is no age limit for the Significant Investor Stream. You should score at least 65 on the points test for this visa.

Business Innovation and Investment

You must score at least 65 points on the Innovation Test.

Points are awarded for:

  • Age
  • English language ability
  • Qualifications
  • Experience in business or investments
  • Net personal and business assets
  • Business turnover
  • Innovation.

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Explore your Australian visa options.

    • The subclass 188 Business Innovation and Investment Provisional visa is a temporary visa that allows successful applicants to come to Australia to carry on business or investment activities in order to meet the criteria so that they can apply for the subclass 888 Business Innovation and Investment Permanent visa.
    • The subclass 188 Business Innovation and Investment Provisional visa is a four-year temporary visa which has three streams:
    • 188 A Business Innovation stream
    • This stream is for people with business skills who want to establish, develop and manage a new or existing business in Australia.
    • 188 B Investor stream
    • This stream is for people with investment skills who want to make a significant investment in Australia and want to maintain business and investment activity in Australia.
    • 188 SIV Significant Investor stream
    • This visa is designed to attract migrants with a history of business and investment success, the Significant Investor visa is not points-tested, has no upper age limit, and requires reduced periods of Australian residency.  In return for these concessions, Significant Investor applicants must invest at least AUD5,000,000 in a “complying investment” which will include State/Territory Government bonds, ASIC-regulated managed funds that invest in Australian assets, and direct investment in actively operating Australian businesses that meet the “qualifying business” test.

     

    • The subclass 888 Business Innovation and Investment Permanent visa is an unconditional Australian permanent residence visa which can ultimately lead to Australian citizenship for the visa holder. To apply for it you must be a holder of the subclass 188 visa.

     

 

Free evaluation 

Explore your Australian visa options.