Business Innovation and Investment (Provisional) Subclass 188
This visa is for people who want to own and manage a new or existing business in Australia, or to invest in an Australian state or territory. This visa is intended for people with a successful background in managing businesses or financial investments.
The decision to reside permanently in Australia necessarily involves a range of strategic and tactical decisions being taken by applicants for a visa to achieve a variety of outcomes.
The majority of applicants will enter Australia on a provisional visa for 4 years.
There are 3 Main streams under this category:
The Business Innovation Stream – For people with a successful business career and a genuine and realistic commitment to be involved as an owner in a new or existing business in Australia.
The Investor Stream – For people with a successful record of qualifying business or eligible investment activity that will make a designated investment in a state or territory of Australia and have a realistic commitment to continue to maintain business or investment activity in Australia after the designated investment has matured.
The Significant Investor Stream – For migrant investors who make an investment of at least AUD 5,000,000 into complying investments in Australia.
After demonstrating a certain level of business or investment activity the entrant may then be eligible to apply for the permanent Business Innovation and Investment (subclass 888) visa.
Provisional visa holders in the Business Innovation and the Significant Investor streams may be eligible to apply for an extension to their provisional visa.