Subclass 188 / 888

Business & Investment Visa

For business owners and investors looking to establish or invest in Australian businesses.

Overview

The Business Innovation and Investment (Provisional) Visa (subclass 188) is for experienced business people and investors who want to own and manage a business in Australia, or invest in Australia. After holding a 188 visa for 3–4 years and meeting requirements, you can apply for the permanent Business Innovation and Investment visa (subclass 888).

Requirements

  • 1Be nominated by an Australian state or territory
  • 2Meet the specific requirements for your chosen stream (Business Innovation, Investor, or Significant Investor)
  • 3Have a successful business or investment track record
  • 4Business Innovation: net business and personal assets of at least $1.25 million
  • 5Investor stream: $2.5 million in designated investments
  • 6Significant Investor: $5 million in complying investments
  • 7Meet health and character requirements

Frequently Asked Questions

Key Details

Processing Time
12–24 months
Government Fee
$6,510–$9,455 depending on stream
Typical Agent Fee
$5,000–$15,000
Difficulty
High

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