Business Visa Australia

The Business Innovation and Investment (Provisional) Visa (Subclass 188) and the Business Innovation and Investment (Permanent) Visa (Subclass 888) are key pathways for individuals seeking to establish or manage a business in Australia.

However, as of now, these visa subclasses are currently closed to new applicants, and the Australian government has paused the intake for both Subclass 188 and Subclass 888. Applicants should stay updated on any changes or new programs that may open in the future for business migration opportunities.

Temporary/Provisional Visa

Provisional (subclass 188) Visa

The Subclass 188 Business Innovation and Investment (Provisional) Visa is a temporary visa that allows business owners, investors, and entrepreneurs to enter and stay in Australia. This visa is designed to facilitate the establishment or management of a new or existing business, or to make investments in Australia.

There are several streams under the Subclass 188 visa, catering to a variety of business activities, including business innovation, investment, and entrepreneurship. Holders of the Subclass 188 visa can remain in Australia for up to 5 years and are eligible to apply for the permanent Subclass 888 visa once they meet the necessary criteria.

While the Subclass 188 visa offers significant opportunities for individuals looking to expand their business or investment portfolios in Australia, please note that this visa is currently closed to new applicants.

Subclass 188 Visa Streams:

Subclass 188A - Business Innovation Stream
Subclass 188B - Investor Stream
Subclass 188C - Significant Investor Stream
Subclass 188 - Business Innovation Extension Stream
Subclass 188 - Significant Investor Extension Stream
Subclass 199 - Premium Investor Stream
Subclass 188E - Entrepreneur Stream

Permanent Visa

Permanent (subclass 888) Visa

The Subclass 888 Business Innovation and Investment (Permanent) Visa is a permanent residency visa for individuals who have previously held the Subclass 188 visa and have met the required business or investment criteria. This visa allows business owners, investors, and entrepreneurs to continue their business operations in Australia and stay permanently.

The Subclass 888 visa offers successful applicants the ability to live, work, and study in Australia indefinitely. It also allows for the possibility of bringing family members to Australia under the same visa conditions.

While the Subclass 888 visa is an excellent pathway to permanent residency for business professionals, it is important to note that the Subclass 888 visa is currently closed to new applicants, following the closure of the Subclass 188 visa intake.

Subclass 888A - Business Innovation Stream
Subclass 888B - Investor Stream
Subclass 888C - Significant Investor Stream
Subclass 888E - Entrepreneur Stream

Frequently

Asked       

Questions

  • Eligibility for a business visa in Australia depends on the type of visa you're applying for. Generally, you must have business experience or be able to make a significant investment in Australia. Each business visa has specific requirements, such as having a successful business history, meeting investment thresholds, or having a sound business plan.

  • The required amount of money for an Australian business visa depends on the type of visa and the specific stream you are applying for. For example, if you're applying under the business innovation stream, you may need to demonstrate a certain level of business turnover or investment funds. It’s important to check the exact requirements for each visa stream.

  • The length of stay on a business visa in Australia varies depending on the visa subclass. For example, the Subclass 188 visa allows you to stay for up to 5 years, while the Subclass 888 visa grants permanent residency once granted.

  • The required bank balance for a business visa in Australia is based on the specific visa stream. For example, applicants may need to show evidence of personal and business assets to support their business activities in Australia. The required amount can vary, so it’s important to review the specific financial requirements for the visa subclass you're applying for.