Business Innovation and Investment (Provisional)
visa (subclass 188)
Business Innovation and Investment (Provisional) visa (subclass 188)
The Business Innovation and Investment (Provisional) Visa (Subclass 188) is a temporary resident visa that allows individuals to own and manage a business, conduct investment activities, or engage in entrepreneurial ventures in Australia. Applicants must be nominated by an Australian State or Territory government agency to apply for this visa. This visa serves as a pathway to Permanent Residency under the Business Innovation and Investment (Permanent) Visa (Subclass 888).
Benefits of the Subclass 188 Visa
- Live and work in Australia temporarily
- Sponsor eligible family members for residence.
- Travel freely in and out of Australia while the visa is valid.
- Opportunity to apply for Permanent Residency (Subclass 888).
1. Business Innovation Stream (Subclass 188)
For individuals who wish to establish or operate a business in Australia.
- Net worth: AUD 800,000.
- Business turnover: At least AUD 500,000 for two out of four financial years before application.
- Ownership:
- 51% if turnover is below AUD 400,000.
- 30% if turnover is AUD 400,000 or more.
- 10% if the company is publicly listed.
- Score at least 65 points on the points test.
- Nomination by a State or Territory Government.
- Visa duration: 4 years and 3 months.
2. Investor Stream (Subclass 188)
For individuals who wish to invest AUD 1.5 million in an Australian State or Territory.
3. Significant Investor Stream (Subclass 188)
For applicants willing to invest AUD 5 million in approved Australian investments.
4. Business Innovation Extension Stream (Subclass 188)
For existing Business Innovation Stream visa holders seeking to extend their stay.
5. Significant Investor Extension Stream (Subclass 188)
For existing Significant Investor Stream visa holders seeking an extension.
6. Premium Investor Stream (Subclass 188)
For individuals willing to invest AUD 15 million in Australian businesses, philanthropy, or other complying investments.
7. Entrepreneur Stream (Subclass 188) (Closed to new applicants)
Previously allowed applicants to carry out entrepreneurial activities in Australia but is no longer available due to low application volume.
Pathway to Permanent Residency
Holders of the Subclass 188 Visa can apply for Permanent Residency (Subclass 888 Visa) after fulfilling the required business and investment conditions.
How We Can Help
At AK Migration & Visa Services, we assist applicants with:
- Assessing eligibility for the Subclass 188 Visa.
- Preparing strong business proposals and supporting documentation.
- Ensuring compliance with visa conditions to avoid unnecessary delays.
Contact us today to explore your visa options and secure your future in Australia!
Disclaimer: This content is for general information purposes only and does not constitute immigration advice. Due to frequent changes in migration law, the accuracy of this information cannot be guaranteed. For the latest updates, please refer to the official Australian Government website.