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Education Embassy

Guide on Australian Business Innovation and Investment (Provisional) visa – subclass 188

Business Innovation and Investment visa (subclass 188)

In this guide our Migration Agents in Brisbane have mentioned in detail about the different types of categories which fall under this visa:

Business innovation stream

This visa type is for applicants with business skills. With this visa, the person can operate an existing or new visa in Australia.

  • How long can you stay?

Up to 4 years and 3 months.

  • How much is the total cost?

From AUD5,375

  • How much is the processing time?

Well, there is no such standard time for this visa stream:

  • The applicant needs to be nominated by the Territory or State Government in Australia.
  • The applicant needs to operate a new or existing business.

For further details, you can contact our migration agent and he will let you know which visa type is best for you.

Entrepreneur Stream

With this visa type, the applicant can carry out the entrepreneurial activities in Australia.

  • How long can you stay?

4 years and 3 months

  • How much is the total cost?

From AUD4,045

  • How much is the processing time?

Not known because the number of applications is very less.

  • Nominated by the State or territory government in Australia.
  • There should be a proper funding agreement with the 3rd party to carry out all the activities.

Premium Investor Visa

This visa is for the applicants who are nominated by Austrade and will make an investment of AUD15 million in Australia.

  • How long can you stay?

4 years and 3 months

  • How much is the total cost?

From AUD9,455

  • How much is the processing time?

No such standard time is there for this stream

  • The applicant needs to invest around AUD15 million in Australia to meet certain requirements.
  • The nomination should be done by the Austrade.

Investor stream

With this, the applicant needs to invest in State or Territory at least AUD1.5 million to maintain the investment activity or business in Australia.

  • How long can you stay?

4 years and 3 months

  • How much is the total cost?

From AUD5,375

  • How much is the processing time?

For this stream, there is no standard processing time available.

Significant Investor Stream

The provisional visa is for the people who have invested in the Australian business at least AUD5 million to meet all the essential requirements.

  • How long can you stay?

4 years and 3 months

  • How much is the total cost?

From AUD7,880

  • How much is the processing time?

For this visa type, there is no standard processing time available.

Business Innovation Extension stream

With this visa type, the visa holder in the Business Innovation Stream can extend their stay for around 2 years.

  • How long can you stay?

6 years following the Business Innovation and Investment visa is granted.

  • How much is the total cost?

From AUD645.

  • How much is the processing time?

There is no standard processing time available.

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