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Business Innovation and Investment (Permanent) visa (subclass 888)

For entrepreneurs, investors, and business owners to continue their activities in Australia, the Business Innovation and Investment (Permanent) visa offers various streams, including Business Innovation, Investor, Significant Investor, Premium Investor, and Entrepreneur.

Business Innovation and Investment (Permanent) visa (subclass 888)

Business Innovation stream

Stay permanently in Australia with this visa that lets holders of Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation or Business Innovation Extension stream, subclass 444 (Special Category) visa holders, or certain subclass 457 (Business (Long Stay) visa) holders.

Business Innovation and Investment (Permanent) visa (subclass 888)

Investor stream

Continue your investment activities in Australia permanently with this visa.

Business Innovation and Investment (Permanent) visa (subclass 888)

Significant Investor stream

Invest at least AUD5 million in Australian investments that meet specific requirements and maintain investment activity in Australia with this visa.

Business Innovation and Investment (Permanent) visa (subclass 888)

Premium investor stream

Invest at least AUD 15 million in Australian investments and/or philanthropic contributions and continue your investment activities in Australia permanently with this visa.

Business Innovation and Investment (Permanent) visa (subclass 888)

Entrepreneur stream

Stay permanently in Australia with this visa that lets holders and, in some cases, people with a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream.

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

Conduct business and investment activity, own and manage a business, or undertake an entrepreneurial activity in Australia with the Business Innovation and Investment (Provisional) visa, which offers multiple streams.

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

Business Innovation stream

Operate a new or existing business in Australia with this provisional visa for people with business skills.

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

Investor stream

Invest at least AUD 2.5 million in Australian investments that meet specific requirements and maintain business or investment activity in Australia with this provisional visa.

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

Significant Investor stream

Invest at least AUD 5 million in Australian investments that meet specific requirements and maintain investment activity in Australia with this provisional visa.

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

Business Innovation Extension stream

Extend your stay in Australia with this provisional visa that lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream.

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

Significant Investor Extension stream

Significant Investor stream holders can extend their stay in Australia for up to 4 more years with this provisional visa.

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

Premium Investor stream

Investors nominated by Austrade can invest at least AUD 15 million in Australian investments and/or philanthropic contributions and obtain this provisional visa.

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

Entrepreneur stream

Develop your concepts as a startup or early-stage entrepreneur and be endorsed by a State or Territory government agency with this provisional visa.

Subclass 890

Business Owner visa

Stay in Australia indefinitely with the Business Owner visa if you own and manage a business. A qualifying visa granted on an individual basis is required to apply as a primary applicant. Grow your business and stay in Australia.

Subclass 891

Investor visa

If you're interested in undertaking business and investment activities in Australia, the Subclass 891 visa could be the one for you. This visa allows you to stay in Australia indefinitely, but you must have a qualifying visa granted on a particular basis to apply as a primary applicant.

Subclass 892

State or Territory Sponsored Business Owner visa

Do you own and manage a business in Australia? The Subclass 892 visa could be your ticket to stay in Australia indefinitely. As a primary applicant, you must have a qualifying visa granted on a particular basis to apply for this visa.

Subclass 893

State or Territory Sponsored Investor Visa

If you're a subclass 165 visa holder who has maintained a designated investment of AUD750,000 for 4 years, the Subclass 893 visa may be perfect for you. This permanent resident business visa is sponsored by a state or territory and allows you to stay in Australia

Frequently Asked Questions
about Business Visa

Who is eligible for a business visa in Australia?
Eligibility for a business visa in Australia is determined by several factors, including the type of business visa being applied for. Typically, applicants must meet certain age requirements, demonstrate business or investment experience, and achieve a minimum score on the points test. Other factors, such as health, character, and English language proficiency, may also be considered.
The required amount of money can vary depending on the type of business visa. For example, the Business Innovation and Investment (Provisional) visa (subclass 188) requires applicants to have net business and personal assets of at least AUD 800,000. You must also consider visa application charges and potential legal or consulting fees.
You do not necessarily need Permanent Residency (PR) to start a business in Australia. Various business visas allow non-PR holders to create or manage a business in Australia, such as the Business Innovation and Investment (Provisional) visa (subclass 188).
Opening a business in Australia can lead to PR, usually through the Business Innovation and Investment (Permanent) visa (subclass 888). This requires fulfilling specific requirements, including holding a provisional business visa first and meeting certain business performance measures.
Buying a business in Australia does not automatically guarantee a visa. However, it may contribute to fulfilling some requirements for business visas. It's essential to understand the full range of requirements for the visa category you're applying under and ensure that buying a business will meet those requirements.
In some cases, you can sponsor yourself for a business visa if you own a business in Australia. This process often requires demonstrating that your business is genuine and that it will significantly benefit Australia.
While investment can play a part in securing a visa, it's not as simple as buying your way into Australia. There are stringent requirements around the types of investment, the performance of the business or investment, and other personal criteria that must be met.
Processing times for the 188 business visa can vary. Processing times · 25% of applications: 29 Months · 50% of applications: 31 Months · 75% of applications: 34 Months · 90% of applications: 35 Months. However, individual circumstances can significantly affect processing times.
The length of stay depends on the type of business visa. For example, the Business Innovation and Investment (Provisional) visa (subclass 188) allows you to stay in Australia for up to five years.
Processing times can vary greatly depending on the specific type of business visa and individual circumstances.
Yes, businesses can sponsor skilled workers to come to Australia on a temporary or permanent basis. The business must be approved as a standard business sponsor, and the role must meet certain requirements.
Self-sponsorship is possible in certain cases. For example, if you own a business in Australia, you might be able to sponsor yourself for a visa. However, there are specific requirements to be met, and it's recommended to seek professional advice on this matter.
Yes, companies can sponsor employees for Permanent Residency through pathways such as the Employer Nomination Scheme (subclass 186). The role and the employee must meet certain requirements.
You need to find an eligible company willing to sponsor you. The company must be approved as a standard business sponsor, and the role you are nominated for must meet specific requirements. It's important to note that obtaining sponsorship does not guarantee a visa.
Work visas are typically for individuals an employer has sponsored to fill a specific position, while business visas are for individuals who want to start or manage a business or investment in Australia. The requirements, rights, and obligations are different for each type of visa.

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Jan 03, 2023

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