Business Innovation and Investment Visa (Subclasses 188/888)

Business Innovation & Investment Visa (Subclasses 188/888)

Overview

These visas allow you to own and manage a business, conduct business and investment activity, or undertake an entrepreneurial activity in Australia.

The subclass 188 visa is a temporary visa allowing a stay of up to 5 years. Holders can then apply for the permanent subclass 888 visa if they meet certain requirements.

There are multiple streams available, each with significantly different requirements. We will help you to identify the most suitable stream for you, depending on your business and personal visa history.

This may be the right visa for you if:

What You Can Do & How Long You Can Stay

The subclass 188 is a 5 year temporary visa. You can apply for the permanent subclass 888 visa after 3 years if you meet minimum income requirements.
You can travel to and from Australia multiple times.
You can work in Australia whilst on this visa.
You can bring family members to Australia.
You may be eligible for a Bridging Visa to remain in Australia while waiting for this visa to be processed.

Limitations and Important Things to Know

In general, you need to be nominated and receive an invitation by a State, Territory or trade organisation, before you can make a visa application.
Some streams require you to reach a minimum score on a Points Test to be eligible to apply.
If you are applying inside Australia, you need to hold a visa.
Depending on the visa stream, you may need to demonstrate your business skills and background. - In general, you must not a history of being involved in businesses or investments activities that are unacceptable in Australia.
In general, you must not a history of being involved in businesses or investments activities that are unacceptable in Australia.
In general, you will need meet minimum English requirements, or pay a significant additional visa application charge.
This is a highly specialised visa. There are multiple streams with complex and specific requirements. We strongly recommend seeking professional advice before making an application.

If you are worried about encountering issues or restrictions when applying for this visa, we may be able to help. Please contact us for more information.

As part of the specific visa requirements, you may have to:

Be under 55, unless exempt
Be nominated by a State, Territory or trade organisation
Meet minimum English requirements
Achieve a minimum score on the Points Test
Demonstrate a history of business skills and success
Have significant personal and business assets
Be willing to invest in specified financial products in Australia for the duration of your visa
Have a genuine intention of living in and contributing towards Australia