Business Innovation And Investment Provisional (Subclass 188)

This visa allows you to:

own and manage a business in Australia (the Business Innovation stream)
conduct business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor stream).
undertake an entrepreneurial activity in Australia (Entrepreneur stream).

The visa includes five streams:

Business Innovation stream: for people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicants must be nominated by a state or territory government.
Investor stream: for people who want to make a designated investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.
Significant Investor stream: for people who are willing to invest at least AUD5million into complying significant investments in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government.
Premium Investor stream: for people who are willing to invest at least AUD15million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Austrade will make the initial contact with suitable candidates for nomination on behalf of the Australian government.
Entrepreneur stream: for people who have a funding agreement from a third party for at least AUD200 000 to undertake a complying entrepreneur activity that is proposed to lead to either the commercialisation of a product or service in Australia or the development of a business in Australia. Applicants must be nominated by a state or territory government.
Holding this visa is the first stage before becoming eligible to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).

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

You must score at least 65 points (the pass mark) in the points test to be eligible to apply for a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Investor stream.
The points test does not apply to you if you are applying in the Significant Investor stream, the Premium Investor stream, the Entrepreneur stream, the Business Innovation Extension stream, or Significant Investor Extension stream.

Visit Our Points Calculator To Check Your Eligibility

You might be able to get this visa if:
  • You are nominated by an eligible government organisation
  • You are invited to apply
  • You (and all members of your family unit) meet certain health and character requirements
You meet the additional requirements for the stream in which you apply.

You must

  • Possess at least AUD 1.5 million; if applying under “Investor Stream”.
  • Possess at least AUD 5 million; if applying under “Significant Investor stream”.
  • Possess at least AUD 15 million; if applying under “Premium Investor stream”.
  • Possess at least AUD 200,000; if applying under “Entrepreneur stream”.

How Can Education Embassy Help You?

Our experienced team at Education Embassy thoroughly understands the intricacies and processes involved. We take a strategic approach and holistically represent the case with DoHA in organizing, preparing the required documents and further lodging the visa application.
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