Business Innovation

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

About Business Innovation

This is a two-step pathway to permanent residency. First, you apply for the four-year provisional visa - subclass 188 and later you can apply for the permanent visa - subclass 888 once you meet the required criteria.

Eligibility Criteria

To be eligible for 188 visa under the business innovation stream, you must:

  • Have age less than 55 years

  • Scored at least 65 on the point test

  • Have a genuine desire to undertake a management role in a business in Australia

  • Have total net business and personal assets of at least AUD 800,000 available for legal transfer to Australia

  • Have had an ownership interest in an established business or business with AUD500000 turnover for at least 2 out of the 4 fiscal years (at the time of invitation to apply for the visa)

Extending The Stay

You can also extend your stay for another 2 years under the business innovation extension stream. However, you must:

  • Hold a visa in the Business Innovation stream for at least 3 years

  • Be able to demonstrate the need to extend your stay in Australia to operate a business

  • Have a current nomination from a state or territory government agency

  • Have actively maintained an ownership interest in the nominated business for at least 2 years

  • Fulfilled commitment of being directly involved in regular management and decision-making of the business

Need assistance for Business Innovation Stream ?

Business migration can be extremely complex Even determining whether you have a good chance of qualifying can be difficult You may be able to qualify in a number of different business migration categories Check your likely eligibility for business migration Will provide you with a comprehensive preliminary assessment of your likely eligibility

Free Business Visa Assessment

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