Business Program

  • Processing Time

    18 - 20 Months

  • Age

    25 - 55 years

  • Type

    Subclass 188 Visa

Australia

The Business Innovation and Investment visa (Subclass 188) visa for applicants who want to own or manage a new or existing business in Australia

It also serves as a first step towards becoming eligible for a permanent Business Skills visa.


Common Criteria

To be eligible for 188 visas, you must:

  • Be under 55 years of age
  • Be nominated by the Australian state or territory government
  • Submit an Expression of Interest and be invited to apply from the Department of Home Affairs
  • Have health examinations done within 12 months of applying for the visa
  • Have a police certificate from each country you lived in for 12 months or more of the past 10 years to demonstrate character history
  • Sign an Australian Values Statement (if the age is 18 or older)
  • Be free from any outstanding debts to the Australian government

Visa Streams

Business Innovation Stream

Suppose you are nominated by an Australian state or territory government and want to establish or manage a new or existing business. In that case, you can apply for a visa under this stream.

Investor Stream

If you are willing to make a designated investment of at least AUD 1.5 million in an Australian state or territory and maintain business activity in Australia, you can apply for the visa under this stream.

Significant Investor Stream

If you are willing to invest at least AUD 5 million into complying with significant investments in Australia and maintaining business activity in Australia, you can apply for the visa under this stream.

Premium Investor Stream

If you are willing to invest at least AUD 15 million into premium investments in Australia and maintain business & investment activity in Australia, you can apply for this visa under this stream.

Entrepreneur Stream

If you have a funding agreement from a third party of at least AUD 200,000 to undertake a complying entrepreneur activity either for the commercialisation of a product or service in Australia.