The Business Innovation and Investment (Provisional) Visa (Subclass 188) is designed for entrepreneurs, investors, and business owners who want to start, manage, or grow a business in Australia.

This visa allows you to live, work, and invest in Australia temporarily, with a pathway to permanent residency (Subclass 888).

There are 5 main streams under this visa:

1 Business Innovation Stream For people with a proven business background who want to establish or manage a business in Australia.

Key requirements:

• Successful business track record
• At least AUD $800,000 available to invest in your business
• Commitment to managing and growing a business in Australia

2 Investor Stream For individuals who want to make a long-term investment in an Australian state or territory.

Key requirements:

• Minimum AUD $1.5 million designated investment
• Net personal + business assets of at least AUD $2.25 million
• Successful investment background

3 Significant Investor Stream For high-net-worth individuals wanting to invest heavily in Australia.

Key requirements:

• Minimum AUD $5 million in complying investments
• Must maintain investment activity
• Strong history of investment management

4 Entrepreneur Stream For people with an innovative business idea and funding to support it.

Key requirements:

• Minimum AUD $200,000 in funding
• A solid business plan and track record
• Commitment to developing the entrepreneurial venture in Australia

5 Premium Investor Stream For ultra-high-net-worth individuals ready to make a very large investment.

Key requirements:

• Minimum AUD $15 million in premium investments
• Net assets of at least AUD $40 million
• Must maintain investment activity in Australia

Note: Visa requirements and eligibility criteria can change over time. It is recommended to seek guidance from a registered migration agent to stay updated. You may also refer to the official Department of Home Affairs website https://immi.homeaffairs.gov.au/visas for the most current details on these visas.

At Randhawa Immigration, our registered migration agent can provide up-to-date information on these employer-sponsored visas and guide you through the entire application process.

Book a consultation with us today to Learn more.