Business Innovation and Investment (Provisional) visa (subclass 188)
About this visa:
The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Business Innovation and Investment Programe.
You must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government before being invited to apply for this visa.
The visa includes three streams:
•Business Innovation stream: for people with business skills who want to establish, develop and manage a new or existing business in Australia.
•Investor stream: for people who want to make a designated investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia.
•Significant Investor stream: for people who are willing to invest at least AUD5million into complying investments in Australia and want to maintain business and investment activity in Australia.
Holding this visa is the first stage before becoming eligible to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).
You might be able to get this visa if:
•you are nominated by a state or territory government
•you are invited to apply
•you (and all your family members) meet certain health and character requirements
•you meet the additional requirements for the stream in which you apply.
How to apply:
This information explains what you need to do to apply for a Business Innovation and Investment (Provisional) (subclass 188) visa.
You and anyone included in your application can be in or outside Australia when you apply and when the visa is granted.
You must be invited to apply. Your invitation letter will tell you how to lodge your application online using SkillSelect.
Prepare your documents
You need to provide documents to prove the claims you make in the application. The documents are listed in the Document checklist.
Some documents could take some time to obtain. You should have them ready when you lodge the application to reduce any delays in processing.
Lodge your application online
Pay the visa application charge by credit card when you apply. You also need to send your supporting documents:
•If you live in the People’s Republic of China (PRC), Hong Kong (SAR), Macau (SAR) or Taiwan: send the documents to the Australian Consulate General Hong Kong.
•If you live elsewhere: send your documents by registered post to the Adelaide office in South Australia – attention the Adelaide Business Skills Processing Centre