Australia•OceaniaBusiness Innovation and Investment (Provisional) visa (subclass 188)
At a Glance
Processing Time
~730 days
Application Fee
3,755 AUD
Stay Duration
4 years
Renewable
No
Job Offer
Not Required
Dependents
Allowed
PR Pathway
Available
This visa can lead to permanent residency — the right to live and work here indefinitely without renewing your visa.Remote Work
Not Required
Overview
Provisional visa for entrepreneurs and investors. Multiple streams available including business innovation, investor, and significant investor streams. Provisional pathway to permanent residency.
The Business Innovation and Investment (Provisional) visa (subclass 188) is designed for entrepreneurs, business owners, and investors who want to establish or continue a business in Australia or make a significant investment. Multiple streams cater to different circumstances.
Annual Visa Allocation
1,000 visas per year
The 1,000 place quota for 2024-25 applies to the entire Business Innovation and Investment Program (BIIP) across all streams.
No lottery system
Check Your Eligibility
Take our quick assessment to see how well you match this visa and get personalized tips
Requirements
Financial
Investment Required
200,000 AUD
Personal
Criminal Record Policy
Clean record required
Education
None or higher
Professional
Experience
3+ years
Language
English
Basic
Documentation
Applicant Documents
Valid passport
With sufficient validity
Passport photo
Recent digital photo
Business plan
Detailed business plan for Australian venture
Proof of funds
Evidence of investment capital
Source of funds documentation
Evidence of legitimate source of investment
English language evidence
If required by circumstances
OptionalTrack your documents or upload them for AI-powered review
Advantages
- Pathway to permanent residency
- Multiple streams available
- Can establish Australian business
- Family can be included
Considerations
- Significant investment required
- Business must be viable
- Character and background checks
- Initial 4-year provisional period
Application Process
Assess your eligibility
Determine which stream suits your situation
Prepare business plan
Develop detailed business or investment plan
Gather financial documents
Collect proof of funds and investment source
Create ImmiAccount
Register on immigration portal
Lodge visa application
Submit complete application with documents
Pay visa fee
Pay AUD 3,755 application fee
Await decision
Monitor application status
Application Forms
Business Innovation and Investment visa application
Ready to Apply?
Check your eligibility first to see how well you match this visa
