Business Visas
​Business Innovation and Investment (Provisional) (subclass 188) visa
​
​This visa is part of the Australian Business Innovation and Investment Program. You must submit an Expression of Interest through Skill Select and be invited to apply for this visa.
The visa has three streams:
- The Business Innovation stream is for people who want to own and manage a new or existing business in Australia.
- The Investor stream is for people who want to make a designated investment in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
- The Significant Investor stream is for people who are willing to invest at least AUD5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured.
​Business Innovation and Investment (Permanent) (subclass 888) visa
​​
​The Business Innovation and Investment (Permanent) visa (subclass 888) is the second stage of the Business Innovation and Investment visa (subclass 188). You can apply for it after you have fulfilled the requirements of your provisional visa. You do not need to submit a new Expression of Interest to apply for this visa.
​
​
You can apply for this visa if you:
- hold a provisional Business Innovation and Investment visa (subclass 188)
- have met the requirements of that visa in the stream in which you first applied are nominated by a state or territory