SUBCLASS 188 BUSINESS & INNOVATION (PROVISIONAL) VISA

The Business Innovation Subclass 188 Visa

The Business Innovation and Investment (Provisional) visa (subclass 188) is a provisional visa for successful business innovators and investors who intend to invest or enter into business in Australia and contribute to the growth of the Australian economy.

Applicants for the subclass 188 visa must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa.

Holding this visa is the first stage before becoming eligible to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).

The visa includes four streams:

  • 188A-Business Innovation stream: for people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicants must be nominated by a state or territory government.
  • 188B-Investor stream: for people who want to make a designated investment of at least AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.
  • 188SIV-Significant Investor stream: for people who are willing to invest at least AUD5 million into complying significant investments in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government.
  • 188PIV-Premium Investor stream: for people who are willing to invest at least AUD15 million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Applicants must be nominated by Austrade on behalf of the Australian government.

How the Business Innovation and Investment subclass 188 and subclass 888 relate to each other.

The Business Innovation and Investment (Permanent) subclass 888 is a permanent residence visa and is the second stage of the Business Innovation and Investment subclass 188 provisional visa.

Applicants can apply for this visa after they have fulfilled the requirements of their subclass 188 provisional visa.

Let our team of Immigration Lawyers and Migration Agents help you secure a Significant Investor visa or other business visa.

Call us now or book a consultation online and talk to the firm of migration agents and immigration lawyers you can trust to get your visa for you.