Business & Investor Migration

The Australian government offers a range of business visa options to entrepreneurs and investors who would like to relocate and establish a business or invest in Australia. The Business Innovation and Investment Program is designed to encourage successful business people to migrate and engage in their business and investment activity in Australia.

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The Business Innovation and Investment Program includes the following visa subclasses:

  • Subclass 188 Business Innovation and Investment (Provisional) visa
  • Subclass 888 Business Innovation and Investment (Permanent) visa
  • Subclass 132 Business Talent (Permanent) visa

Subclass 188 Business Innovation and Investment (Provisional) Visa

The Subclass 188 visa allows individuals to own and manage a business, conduct business and investment activity or undertake an entrepreneurial activity in Australia. Visa holders who carry on with their business or investment activity in accordance with the conditions of the Subclass 188 visa, may apply for the Subclass 888 Business Innovation and Investment (Permanent) visa.

The subclass 188 visa has six qualifying streams:

  • Business Innovation. This Business Innovation stream is for visa applicants with business skills who intend on operating a new or existing business in Australia.
  • Investor. The Investor stream is for visa applicant’s who can invest at least AUD1.5 million in an Australian state or Territory and maintain their business or investment activity in Australia.
  • Significant Investor. The Significant Investor stream is for visa applicants who can invest at least AUD5 million in complying investments that meet certain requirements and maintain investment activity in Australia.
  • Premium Investor. The Premium Investor stream is for visa applicants who are nominated by the CEO of Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.
  • Entrepreneur. The Entrepreneur stream enables the qualifying visa holder to carry out entrepreneurial activities in Australia.
  • Extension Stream. The Extension stream enables subclass 188 visa holders to extend their stay in Australia by an additional two years.

The subclass 188 visa is a provisional visa. Holders of a subclass 188 visa may apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream if qualifying requirements are met.

Subclass 888 Business Innovation and Investment (Permanent) visa

The subclass 888 Business Innovation and Investment (Permanent) visa is an Australian permanent residence visa that qualifying Subclass 188 visa holders may be eligible to receive. The subclass 888 visa allows holders to continue the business activities started under the Business Innovation and Investment (Provisional) visa.

The subclass 888 visa has five qualifying streams:

  • Business Innovation. This Business Innovation stream is for visa applicants with business skills who intend on operating a new or existing business in Australia. The business innovation stream is analogous to the State/Territory sponsored Business Innovation (Permanent) subclass 892 visa.
  • Investor. The Investor stream is for visa applicant’s who can invest at least AUD1.5 million in an Australian state or Territory and maintain their business or investment activity in Australia. The investor stream is analogous to the State/Territory sponsored investor (Residence) subclass 893 visa.
  • Significant Investor. The Significant Investor stream is for visa applicants who can invest at least AUD5 million in complying investments that meet certain requirements and maintain investment activity in Australia.
  • Premium Investor. The Premium Investor stream is for visa applicants who are nominated by the CEO of Austrade and who invest at least AUD15 million in Australian investments and/or philanthropic contributions.
  • Entrepreneur. The Entrepreneur stream enables the qualifying visa holder to carry out entrepreneurial activities in Australia.

Subclass 132 Business Talent (Permanent) Visa

The subclass 132 Business Talent visa is for accomplished business owners to operate a new or existing business in Australia. The visa applicant must demonstrate significant business talent obtained while running their own business and have access to substantial funding to establish or develop a new business in Australia.

Visa applicants may apply under the Significant Business History or the Venture Capital Entrepreneur stream.

Significant Business History Stream

Subclass 132 Business Talent Visa applicants who apply under the Significant Business History stream must demonstrate –

  • a net value of at least AUD1.5 million in lawfully acquired assets.
  • an annual business turnover of at least AUD3 million for at least two of the four fiscal years before the applicant is invited to apply.
  • a total net assets of at least AUD400,000 as the ownership interest in one or more qualifying business for at least two of the four fiscal years immediately before the applicant is invited to apply.
Venture Capital Entrepreneur Stream

The subclass 132 Busines Talent Visa under the Venture Capital Entrepreneur stream is for applicants who have sourced venture capital funding from a member of the Australian Investment Council (AIC) (formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL). The visa enables applicants to operate a new or existing business in Australia.