Business Innovation & Investment Visa (Subclass 188)
Business Innovation and Investment Visa Programme is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the Australian economy.
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4 Streams of this Visa
Business Innovation stream is for applicants with business skills who want to establish, develop and manage a new or existing business in Australia.
Investor stream is for applicants who want to make an investment of at least AUD 1.5 million in Australia and maintain business &investment activity.
Significant Investor (SIV) stream is for applicants who are willing to invest at least AUD 5 million in Australia and maintain business & investment activity.
Premium Investor (PIV) stream is for applicants who are willing to invest at least AUD 15 million in Australia and maintain business & investment activity.
The objectives of the programme to contribute to the growth of the Australian economy by:
Increasing the export of Australian goods and services
Increasing the production of goods and services in Australia
Introducing new or improved technology
Increasing competition and commercial activity
Developing links with international markets
Increasing the dispersal of business migrants across Australia through state and territory government sponsorship.
Applicant must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa. We can assist you in preparing your EOI, and other applications, Contact Us.
General Eligibility Requirements
Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years
Net personal and business assets of at least AUD 800,000
The two streams, Business Innovation stream and the Investor stream is based on a points-test system, therefore you must score at least 65 points for these streams
Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit