Subclass 188 โ Business Innovation and Investment (Provisional)
BusinessBusiness Innovation/Investor/Significant Investor/EntrepreneurPR Pathway โ
For business owners, investors, and entrepreneurs to establish business in Australia.
Cost
$6,370
AUD
Processing
12-24
months
Duration
5 years
Work Rights
Own business
๐ How to Apply โ Step by Step
- Determine the appropriate 188 stream
- Submit EOI through SkillSelect (or state nomination where applicable)
- Receive invitation and lodge visa application
- Provide evidence of business/investment history and funds
- Complete health and character checks
- Make complying investments after visa grant
- Meet provisional activity requirements over 4 years
- Apply for 888 permanent visa
โ Requirements
- State/territory nomination
- Minimum investment or business turnover
- EOI via SkillSelect
- Under 55 (or state waiver)
โ ๏ธ Age limit: must be under 55 at time of application
๐ก Tips for Applicants
- โขSignificant Investor ($5M) has the fewest personal requirements but highest financial commitment
- โขBusiness Innovation stream requires active management โ be prepared to run the business
- โขSeek professional migration and investment advice due to the complexity and amounts involved
โ ๏ธ Common Mistakes to Avoid
- โNot meeting the provisional activity requirements for 888 transition
- โNon-complying investments for the Significant Investor stream
- โUnderestimating the time commitment for business management
โ
This visa provides a pathway to Australian Permanent Residency
โ Frequently Asked Questions
How much do I need to invest?
Depends on stream: Business Innovation ($200K+), Investor ($2.5M), Significant Investor ($5M), Entrepreneur (supported by state).
Can I get PR from a 188?
Yes, the 188 transitions to the 888 permanent visa after meeting business/investment activity requirements.
What is the Significant Investor Visa?
Invest $5 million in complying investments for 4 years. No English, age, or business experience requirements.
๐ Related Business Visas
๐๏ธ Official Information
Always verify requirements with the official source before applying.
View on immi.homeaffairs.gov.au โ