Business Innovation & Investment – Provisional

SUBCLASS 188

BUSINESS INNOVATION AND INVESTMENT – PROVISIONAL

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

BASIC ELIGIBILITY

You must:

  • Submit expression of interest (EOI) in SkillSelect
  • Nominated by a State or Territory government agency or Austrade
  • Invited to apply for the visa
TYPEDESCRIPTION STAYCOST
Business Innovation StreamThis is a provisional visa. It is for skilled workers who want to live and work in regional Australia.
You can stay in Australia for 5 years

From AUD4,045
Investor StreamThis visa is for a member of the family unit of someone who holds a Skilled Work Regional (Provisional) visa (subclass 49).
Until the visa that your family member holds ends.

From AUD4,045
Significant Investor StreamThis provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.Up to 4 years and 3 months.From AUD7,880
Business Innovation Extension StreamThis 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.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 applicationFrom AUD645
Significant Investor Extension StreamThis 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.Extend stay for up to 4 yearsFrom AUD645
Premium Investor StreamThis provisional visa is for people who are nominated by Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.4 years and 3 monthsFrom AUD9,455
Entrepreneur StreamThis provisional visa lets you carry out entrepreneurial activities in Australia.4 years and 3 monthsFrom AUD4,045