Business Innovation and Investment Provisional Visa (Subclass 188)

The Business Innovation and Investment Programme is designed to increase the number of business expertise in Australia. It is designed to target migrants with proven history of success in innovation and business and are able to make a significant contribution to the national innovation system and to the Australian economy.

The Business Innovation and Investment Programme is made up of three subclasses:

  • Business Talent Permanent Visa (Subclass 132)
  • Business Innovation and Investment (Provisional) Visa (Subclass 188)
  • Business Innovation and Investment (Permanent) Visa (Subclass 888).

Business Innovation and Investment Provisional Visa (Subclass 188)

This is a temporary 4 years visa which allows you to:

  • Own and manage his own business in Australia
  • Conduct business and investment in Australia
  • Conduct entrepreneurial activities in Australia
  • You need to be nominated by state or territory government,
  • You also need to have a proven experience in owning and operating business or
  • have $1.5 million to invest in Australia or
  • have $5 million to invest in Australia.

This is a temporary 4 years visa with potential to permanent residency.