Business Innovation & Investment Program
The Business Innovation and Investment (Provisional) visa (Subclass 188) and (Permanent) visa (Subclass 888) are designed for people who want to own and manage a business in Australia, invest in the Australian economy, or engage in entrepreneurial activity.
Subclass 188 streams
| Stream | Minimum investment | Stay period |
|---|---|---|
| Business Innovation | Existing business assets AUD 800K | 5 years → 888 PR |
| Investor | AUD 2.5 million designated investment | 5 years → 888 PR |
| Significant Investor | AUD 5 million complying investments | 5 years → 888 PR |
| Premium Investor | AUD 15 million (Austrade nominated) | 4 years 3 months |
| Entrepreneur | Endorsed funding agreement | 5 years → 888 PR |
Business Innovation stream — key requirements
✓Successful business background with net business and personal assets of at least AUD 800,000
✓Annual business turnover of at least AUD 750,000 in 2 of the last 4 years
✓At least 10% ownership of an established business
✓Under 55 years of age (waivable by state)
✓State or territory government nomination
✓Score at least 65 points on the business points test
