Aussie Immigration and Education Solutions
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BUSINESS INNOVATION AND INVESTMENT VISA (SUBCLASS 188)
This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.
Basic Eligibility Requirements:
· Submit expression of interest (EOI) in SkillSelect
· Nominated by a State or Territory government agency or Austrade
· Invited to apply for the visa
There are several streams under this visa (Provisional) Subclass
Business Innovation Stream: This visa is for people with business skills. It lets you operate a new or existing business in Australia.
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.
Investor Stream: This visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia.
Significant Investor Stream: This visa requires an investment of at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.
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.
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.
Entrepreneur Stream: This provisional visa lets you carry out entrepreneurial activities in Australia.
BUSINESS INNOVATION AND INVESTMENT VISA (Permanent) SUBCLASS 188
This visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa, stay permanently in Australia.
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