AUSTRALIA BUSINESS VISA – Build Your Business In Australia Through The Australian Business Innovation And Investment Program

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business migration program

Business-minded individuals are able to apply for visas to build and develop businesses within Australia via the Australian Business Innovation and Investment Program.

The Business Innovation and Investment Program is offered by the Australian Government as a method of contributing to the growth of the country’s economy. This visa allows business people to own, manage, invest, and conduct a business in Australia.

All 188 Visas are provisional residence and it is a 2 step process to permanent residence. All applicants for a 188 visa must be nominated by a State or Territory Government. There are several state nominated visa options available for migrants and different streams depending on whether you already own a business, want to start a business in Australia or if you want to invest in the state. There are 2 Australia business visa streams that will be explained in this article.

Business Migration Program

Australia Business Visa – Subclass 188

Business Innovation and Investment (Provisional) Visa

This Australia business visa is for business owners who own or manage a new or existing business in Australia. It is a point tested application and applicants need to score a minimum of 65 points to be invited to apply. Points will be awarded based on your business turnover, your net assets, number of years of business experience, and your age, as well as a number of other factors. You must have a genuine intention to enter into business in Australia upon arrival.

If you want to own and manage a new or existing business or an investment in provisional Australia, or you want to undertake entrepreneurial activities, this visa is suitable for you.

This visa allows you to stay in Australia for 4 years and 3 months, and extendable.

To apply for this visa, you must first secure a nomination from an Australian state/territory government that you can obtain through the EOI.

  • You must operate a new or existing business in Australia.
  • An Australian state/territory government agency must nominate you to apply for this visa.
  • You must invest a specific amount of money depending on your business.
  • You must score at least 65 point in SkillSellect.
  • You must be able to show proof of your business success (annual turnover, ownership stake).
  • You have to show a total net business and personal assets of at least AUD 800,000.
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Business Migration Program
Australia Business Visa – Subclass 188B

Business Investor Stream

Investor Visa. This Australia business visa is for business owners or investors with at least AUD$2.25 million and the ability to invest AUD$1.5 million into a designated investment for a minimum of 4 years. The designated investment in Government Bonds and is guaranteed. You also need to score a minimum of 65 points to be invited to apply for this visa. Similar factors are assessed as for subclass 188A.

This visa is for entrepreneurs, investors and business owners who currently hold subclass 188, 444, or 457 visa and want to continue their business and activity in Australia.

This visa allows you to stay in Australia indefinitely.

  • Hold a subclass 188, 444, or 457 visa.
  • Meet business requirement.
  • Be nominated by the Australian state/territory government agency.
  • Have an annual business turnover of AUD300,000.
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