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Business Innovation and Investment (Provisional) Visa

Subclass 188 Basic Eligibility Business Innovation Stream: This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.

This visa permits you:-

Investor Stream: This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia.

This visa permits you:-

Significant Investor Stream: This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.

This visa permits you:-

Business Innovation Extension Stream: This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years, or up to 4 more years if COVID-19 concessions apply.

This visa permits you:-

Significant Investor Extension Stream This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years.

This visa permits you:-

Premium Investor Stream: This provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.

This visa permits you:-

Entrepreneur stream: This provisional visa lets you carry out entrepreneurial activities in Australia.

This visa permits you:-

Visa type Description Duration Cost Processing time
Business Innovation Stream It is for people with business skills. It lets you operate a new or existing business in Australia. Up to 4 years and 3 months. From AUD5,375 There are no standard processing times available for this stream.
Investor Stream This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia. 4 years and 3 months. From AUD5,375 There are no standard processing times available for this stream.
Significant Investor Stream This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia. Up to 4 years and 3 months From AUD7,880 There are no standard processing times available for this stream.
Business Innovation Extension Stream This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years, or up to 4 more years if COVID-19 concessions apply. 6 years after the date of the grant of the original Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream that you held at the time of application; or 8 years after the date of the grant of the original Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream if the visa that you held at the time of application was a Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Extension stream and COVID-19 concessions apply From AUD645 There are no standard processing times available for this stream.
Significant Investor Extension Stream This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years. Extend stay for up to 4 years From AUD645 There are no standard processing times available for this stream.
Premium Investor Stream This provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions. 4 years and 3 months From AUD9,455 There are no standard processing times available for this stream.
Entrepreneur stream This provisional visa lets you carry out entrepreneurial activities in Australia. 4 years and 3 months From AUD4,045 Unavailable due to low volume of applications