Business Innovation and Investment (Provisional) visa

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

Business Innovation stream

Business Innovation and Investment (Provisional) visa (subclass 188)

This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.

Stay

Up to 4 years and 3 months.

Cost

From AUD5,375

Processing Time

There are no standard processing times available for this stream

Investor stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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.

Stay

4 years and 3 months.

Cost

From AUD5,375

Processing Time

There are no standard processing times available for this stream.

Investor stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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.

Stay

4 years and 3 months.

Cost

From AUD5,375

Processing Time

There are no standard processing times available for this stream.

Significant Investor stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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..

Stay

Up to 4 years and 3 months.

Cost

From AUD7,880

Processing Time

There are no standard processing times available for this stream.

Business Innovation Extension stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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.

Stay

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.

Cost

From AUD645

Processing Time

There are no standard processing times available for this stream.

Significant Investor Extension stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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.

Stay

Extend stay for up to 4 years

Cost

From AUD645

Processing Time

There are no standard processing times available for this stream.

Premium Investor stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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.

Stay

4 years and 3 months

Cost

From AUD9,455

Processing Time

There are no standard processing times available for this stream.

Entrepreneur stream

Business Innovation and Investment (Provisional) visa (subclass 188)

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

Stay

4 years and 3 months

Cost

From AUD4,045

Processing Time

Unavailable due to low volume of applications.

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