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rnThe Australian government encourages entrepreneurs to establish businesses in the country and you may be eligible to obtain an Australian permanent residency through the business. This includes investors who are committed to investing in Australia.rn

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Below are the streams available under Business Innovation & Investment visa program:

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  • Business Innovation Stream (188A Visa)
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  • Investor Stream (188B Visa)
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  • Significant Investor Stream (188C)
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  • Entrepreneur stream (188E Visa)
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  • Business Innovation and Investment (Permanent) Subclass 888 visa
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Visa Application Process

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  1. EOI Stage – Before you apply, you must submit an Expression of Interest (EOI), bernnominated by a State or Territory, and then be invited to apply.
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  3. Documents – You will need to prove your identity, and provide documents about yourrnbusiness and assets. You also need to provide documents about family members applying withrnyou.
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  5. Invitation stage – You will need to apply for this visa online in ImmiAccount. Yournmust be invited to apply. Your invitation letter contains instructions on how to lodge yourrnapplication.
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  7. Outcome – Department of Home Affairs will let you know when they have received yourrnapplication. You will need to wait for them to process and reach an outcome on your visarnapplication. Once your visa is granted, you will be given:
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  • Your visa grant number
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  • The date your visa starts
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  • Your visa conditions
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Our core principles:

Overview

rnThis is the Business Innovation Stream of the Business Innovation and Investmentrn(Provisional) Subclass 188 Visa (known as 188A Visa). It is a point tested temporaryrnvisa for people with business skills. It lets you operate a new or existing business inrnAustralia. This visa provides a pathway to permanent residence through the Subclass 888rnvisa.rn

Eligibility

rnThis provisional visa is for people with business skills. It lets you operate a new orrnexisting business in Australia. It allows you to stay in Australia for up to 5 years andrnbring eligible members of your family with you. If eligible, you may apply for permanentrnresidency under Subclass 888 in the Business Innovation stream.rn

To apply for this visa, you must be nominated by an Australian state or territoryrngovernment agency. You must:

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  • Score at least 65 on the points test
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  • Provide proof of your business success (annual turnover, ownership interest)
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  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
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Cost

rnThis visa costs AUD6,085 for the main applicant. There is also a charge for eachrnfamily member who applies for the visa with you:rn

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  • an additional applicant over 18 years old: AUD3,045
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  • an additional applicant under 18 years old: AUD1,520
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Can you extend this visa?

rnYou may extend subclass 188 Business Innovation stream by up to 2 more years or up to 4rnmore years if COVID-19 concessions apply.rn

What you can do after you extend?

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  • Operate a new or existing business in Australia
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  • Travel to, enter and remain in Australia for 6 years after the date of the grant ofrnthe Business Innovation and Investment (Provisional) visa (subclass 188) Innovationrnstream that you held at the time of application; or up to 8 years if COVID-19rnconcessions apply.
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  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
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  • The visa is granted with multiple entries. You can leave and re-enter Australia asrnmany times as you want while the visa is valid.
  • rn t

  • Bring eligible members of your family with you.
  • rn t

  • Apply for a permanent Business Innovation and Investment (Permanent) visa (subclassrn888) Business Innovation stream if certain requirements are met.
  • rn

Overview

rnThis is the Business Innovation Stream of the Business Innovation and Investmentrn(Provisional) Subclass 188 Visa (known as 188A Visa). It is a point tested temporaryrnvisa for people with business skills. It lets you operate a new or existing business inrnAustralia. This visa provides a pathway to permanent residence through the Subclass 888rnvisa.rn

Eligibility

rnThis provisional visa is for people with business skills. It lets you operate a new orrnexisting business in Australia. It allows you to stay in Australia for up to 5 years andrnbring eligible members of your family with you. If eligible, you may apply for permanentrnresidency under Subclass 888 in the Business Innovation stream.rn

To apply for this visa, you must be nominated by an Australian state or territoryrngovernment agency. You must:

rn

    rn t

  • Score at least 65 on the points test
  • rn t

  • Provide proof of your business success (annual turnover, ownership interest)
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn

rn

Cost

rnThis visa costs AUD6,085 for the main applicant. There is also a charge for eachrnfamily member who applies for the visa with you:rn

    rn t

  • an additional applicant over 18 years old: AUD3,045
  • rn t

  • an additional applicant under 18 years old: AUD1,520
  • rn

rn

Can you extend this visa?

rnYou may extend subclass 188 Business Innovation stream by up to 2 more years or up to 4rnmore years if COVID-19 concessions apply.rn

What you can do after you extend?

rn

    rn t

  • Operate a new or existing business in Australia
  • rn t

  • Travel to, enter and remain in Australia for 6 years after the date of the grant ofrnthe Business Innovation and Investment (Provisional) visa (subclass 188) Innovationrnstream that you held at the time of application; or up to 8 years if COVID-19rnconcessions apply.
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn t

  • The visa is granted with multiple entries. You can leave and re-enter Australia asrnmany times as you want while the visa is valid.
  • rn t

  • Bring eligible members of your family with you.
  • rn t

  • Apply for a permanent Business Innovation and Investment (Permanent) visa (subclassrn888) Business Innovation stream if certain requirements are met.
  • rn

Overview

rnThis is the Business Innovation Stream of the Business Innovation and Investmentrn(Provisional) Subclass 188 Visa (known as 188A Visa). It is a point tested temporaryrnvisa for people with business skills. It lets you operate a new or existing business inrnAustralia. This visa provides a pathway to permanent residence through the Subclass 888rnvisa.rn

Eligibility

rnThis provisional visa is for people with business skills. It lets you operate a new orrnexisting business in Australia. It allows you to stay in Australia for up to 5 years andrnbring eligible members of your family with you. If eligible, you may apply for permanentrnresidency under Subclass 888 in the Business Innovation stream.rn

To apply for this visa, you must be nominated by an Australian state or territoryrngovernment agency. You must:

rn

    rn t

  • Score at least 65 on the points test
  • rn t

  • Provide proof of your business success (annual turnover, ownership interest)
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn

rn

Cost

rnThis visa costs AUD6,085 for the main applicant. There is also a charge for eachrnfamily member who applies for the visa with you:rn

    rn t

  • an additional applicant over 18 years old: AUD3,045
  • rn t

  • an additional applicant under 18 years old: AUD1,520
  • rn

rn

Can you extend this visa?

rnYou may extend subclass 188 Business Innovation stream by up to 2 more years or up to 4rnmore years if COVID-19 concessions apply.rn

What you can do after you extend?

rn

    rn t

  • Operate a new or existing business in Australia
  • rn t

  • Travel to, enter and remain in Australia for 6 years after the date of the grant ofrnthe Business Innovation and Investment (Provisional) visa (subclass 188) Innovationrnstream that you held at the time of application; or up to 8 years if COVID-19rnconcessions apply.
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn t

  • The visa is granted with multiple entries. You can leave and re-enter Australia asrnmany times as you want while the visa is valid.
  • rn t

  • Bring eligible members of your family with you.
  • rn t

  • Apply for a permanent Business Innovation and Investment (Permanent) visa (subclassrn888) Business Innovation stream if certain requirements are met.
  • rn

Overview

rnThis is the Business Innovation Stream of the Business Innovation and Investmentrn(Provisional) Subclass 188 Visa (known as 188A Visa). It is a point tested temporaryrnvisa for people with business skills. It lets you operate a new or existing business inrnAustralia. This visa provides a pathway to permanent residence through the Subclass 888rnvisa.rn

Eligibility

rnThis provisional visa is for people with business skills. It lets you operate a new orrnexisting business in Australia. It allows you to stay in Australia for up to 5 years andrnbring eligible members of your family with you. If eligible, you may apply for permanentrnresidency under Subclass 888 in the Business Innovation stream.rn

To apply for this visa, you must be nominated by an Australian state or territoryrngovernment agency. You must:

rn

    rn t

  • Score at least 65 on the points test
  • rn t

  • Provide proof of your business success (annual turnover, ownership interest)
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn

rn

Cost

rnThis visa costs AUD6,085 for the main applicant. There is also a charge for eachrnfamily member who applies for the visa with you:rn

    rn t

  • an additional applicant over 18 years old: AUD3,045
  • rn t

  • an additional applicant under 18 years old: AUD1,520
  • rn

rn

Can you extend this visa?

rnYou may extend subclass 188 Business Innovation stream by up to 2 more years or up to 4rnmore years if COVID-19 concessions apply.rn

What you can do after you extend?

rn

    rn t

  • Operate a new or existing business in Australia
  • rn t

  • Travel to, enter and remain in Australia for 6 years after the date of the grant ofrnthe Business Innovation and Investment (Provisional) visa (subclass 188) Innovationrnstream that you held at the time of application; or up to 8 years if COVID-19rnconcessions apply.
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn t

  • The visa is granted with multiple entries. You can leave and re-enter Australia asrnmany times as you want while the visa is valid.
  • rn t

  • Bring eligible members of your family with you.
  • rn t

  • Apply for a permanent Business Innovation and Investment (Permanent) visa (subclassrn888) Business Innovation stream if certain requirements are met.
  • rn

Overview

rnThis is the Business Innovation Stream of the Business Innovation and Investmentrn(Provisional) Subclass 188 Visa (known as 188A Visa). It is a point tested temporaryrnvisa for people with business skills. It lets you operate a new or existing business inrnAustralia. This visa provides a pathway to permanent residence through the Subclass 888rnvisa.rn

Eligibility

rnThis provisional visa is for people with business skills. It lets you operate a new orrnexisting business in Australia. It allows you to stay in Australia for up to 5 years andrnbring eligible members of your family with you. If eligible, you may apply for permanentrnresidency under Subclass 888 in the Business Innovation stream.rn

To apply for this visa, you must be nominated by an Australian state or territoryrngovernment agency. You must:

rn

    rn t

  • Score at least 65 on the points test
  • rn t

  • Provide proof of your business success (annual turnover, ownership interest)
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn

rn

Cost

rnThis visa costs AUD6,085 for the main applicant. There is also a charge for eachrnfamily member who applies for the visa with you:rn

    rn t

  • an additional applicant over 18 years old: AUD3,045
  • rn t

  • an additional applicant under 18 years old: AUD1,520
  • rn

rn

Can you extend this visa?

rnYou may extend subclass 188 Business Innovation stream by up to 2 more years or up to 4rnmore years if COVID-19 concessions apply.rn

What you can do after you extend?

rn

    rn t

  • Operate a new or existing business in Australia
  • rn t

  • Travel to, enter and remain in Australia for 6 years after the date of the grant ofrnthe Business Innovation and Investment (Provisional) visa (subclass 188) Innovationrnstream that you held at the time of application; or up to 8 years if COVID-19rnconcessions apply.
  • rn t

  • You, your partner, or you and your partner together, have total net business andrnpersonal assets of at least:
  • rn t

  • The visa is granted with multiple entries. You can leave and re-enter Australia asrnmany times as you want while the visa is valid.
  • rn t

  • Bring eligible members of your family with you.
  • rn t

  • Apply for a permanent Business Innovation and Investment (Permanent) visa (subclassrn888) Business Innovation stream if certain requirements are met.
  • rn

Frequently Asked Questions (FAQs)

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