Subclass 188 Visa Business and Investment

This visa allows an applicant to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.

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Business Innovation and Investment Subclass 188 Visa Details

Business Innovation and Investment (Class EB) Subclass 188 Visa

This visa allows an applicant to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.

Business Innovation Stream

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

Investor Stream

This provisional visa requires you to invest at least A$2.5 million in investments and maintain business or investment activity in Australia.

Significant Investor Stream

This provisional visa requires you to invest at least A$5 million in 'Complying Significant Investments', and maintain investment activity in Australia.

Business Innovation Extension Stream

This visa lets a holder of Subclass 188 visa in Business Innovation and Investment stream to extend their stay in Australia, once for up to 2 years.

Significant Investor Extension Stream

This visa lets a holder of Subclass 188 visa in Significant Investor stream to extend their stay in Australia, once for up to 4 years.

Premium Investor Stream

This provisional visa is for people who are nominated by Austrade and who invest at least A$15 million in Australian Investments and/or Philanthropic contributions. Closed to new applications.

Entrepreneur Stream

This stream is for startup and early stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.

Including Family Members

If you have spouse/partner and kids, they can also be included in your application.

Subclass 188 Visa Eligibility

Business Innovation Stream Eligibility

For Subclass 188 visa in this stream you must score at least 65 on the points test, provide proof of business success, and you or your partner together have net business and personal assets of at least A$1.25 million.

Investor Stream Eligibility

For Subclass 188 visa in this stream you must score at least 65 on the points test, have atleast 3 years of experience managing one or more qualifying business or eligible investments, be nominated by a state or territory government agency to invest at least A$2.5 million that meets certain requirements, and have net business, investment and personal assets of at least AUD2.5 million.

Significant Investor Stream Eligibility

For Subclass 188 visa in this stream you must be nominated by a State or Territory government agency or Austrade to invest at least A$5 million that meets certain requirements and have a genuine intention to hold that investment for the life of your provisional visa.

Premium Investor Stream Eligibility

For Subclass 188 visa in this stream you must be nominated by Austrade, be invited to apply for this visa, invest at least A$15 million in Australian investments and/or philanthropic contributions that meet certain requirements, and have a genuine intention to hold the investment for the whole period of the visa (except any part of the investment that is a philanthropic contribution). This Stream is closed to new applicants.

Entrepreneur Stream Eligibility

You must be nominated by a State or Territory government agency, undertake or propose to undertake a 'Complying Entrepreneur Activity' in Australia, show a business plan for your entrepreneurial activity, and have at least competent English. A 'Complying Entrepreneur Activity' must relate to an innovative idea that will lead to:
- the commercialisation of a product or service in Australia, or
- the development of an enterprise or business in Australia.
This activity must not relate to any of the following categories:
- residential real estate
- labour hire
- purchase of an existing enterprise or a franchise in Australia

Subclass 188 Visa Eligibility for Extension

Business Innovation Extension Stream Eligibility

You must hold, or in certain cases must have held a Business Innovation and Investment Visa Subclass 188 in 'Business Innovation Stream' for at least three years, or hold or in certain cases must have held a Business Innovation and Investment Visa Subclass 188 in 'Business Innovation Extension Stream' and not have held that visa for more than once and be nominated by a State or Territory government agency.

Significant Investor Extension Stream Eligibility

Hold a Business Innovation and Investment Visa Subclass 188 in the 'Significant Investor Stream', and have held that visa for at least 3 years or hold a Business Innovation and Investment Visa Subclass 188 in the 'Significant Investor Extension Stream' and not have held more than one of these visas and be nominated by a State or Territory government agency or Austrade.

Subclass 188 Applicaion Fees

Business Innovation Stream: Base Application Charge: A$9,710; Additional Applicant who is at least 18: A$4,855; Additional Applicant who is less than 18: A$2,430.Investor Stream: Base Application Charge: A$9,710; Additional Applicant who is at least 18: A$4,855, Additional Applicant who is less than 18: A$2,430.
Significant Investor Stream:
Base Application Charge: A$14,240, Additional Applicant who is at least 18: A$7,120, Additional Applicant who is less than 18: A$3,565.
Premium Investor Stream:
Not Applicable.
Entrepreneur Stream:
Base Application Charge: A$6,570, Additional Applicant who is at least 18: A$3,285, Additional Applicant who is less than 18: A$1,640.Business Innovation Extension Stream: Base Application Charge: A$1,170, Additional Applicant who is at least 18: A$590, Additional Applicant who is less than 18: A$295.
Significant Investor Extension Stream:
Base Application Charge: A$1,170, Additional Applicant who is at least 18: A$590, Additional Applicant who is less than 18: A$295.

Subclass 188 Processing Time

Business Innovation Stream: 75% of applications in 30 months, 90% of applications in 35 months.Investor Stream: 75% of applications in 35 months, 90% of applications in 37 months.
Significant Investor Stream:
75% of applications in 16 months, 90% of applications in 22 months.
Premium Investor Stream:
Not Applicable.
Entrepreneur Stream:
75% of applications in 5 months, 90% of applications in 13 months.Business Innovation Extension Stream: 75% of applications in 15 months, 90% of applications in 19 months.
Significant Investor Extension Stream:
75% of applications in 11 months, 90% of applications in 15 months.

Subclass 188 Visa Frequently Asked Questions

What is 188 Visa?

This visa allows an applicant to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.

Other Business and Investment Visas

Business and Innovation Subclass 888 Visa

This subclass 888 visa is for entrepreneurs, investors, and business owners on Subclass 188 pathway to Permanent Residence.

Business Talent Subclass 132 Visa

This subclass 132 visa is for experienced business owners or for those who have sourced venture capital funding from (AIC).

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We acknowledge the traditional custodians of country throughout Australia and their continuing connection to land, sea and community. We pay our respects to all Aboriginal and Torres Strait Islander peoples, their cultures; and to their Elders of past and present.

Disclaimer

We are independent consulting entities which are not associated in any way with the Australian ‘Department of Home Affairs’ (DOHA). Information on this website does not constitute personal migration advice. For a customized migration advice based on your personal circumstances, please call and talk to one of our Immigration Consultants or register your interest with our Associates.