Australia Business Innovation and Investment (Provisional) 188 visa

• The minimum charge for this visa application is AUD 1960

The provisional Business Innovation and Investment visa is part of the Australian Business Innovation and Investment Program. You must submit an Expression of Interest through Skill Select and be invited to apply for this visa.

The visa has three streams:

• The Business Innovation stream is for people who want to own and manage a new or existing business in Australia.
• The Investor stream is for people who want to make a designated investment in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
• The Significant Investor stream is for people who are willing to invest at least AUD5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured. More information about the new visa pathway for migrant investors is available.

Innovation points test

• • The Business Innovation stream
  • The Investor stream

If you are in the Significant Investor stream, the innovation points test does not apply to you.

The innovation points test gives points for various elements of human capital and business innovation. The test also includes objective measures of business performance. It aims to select innovative entrepreneurs who will transfer their skills to Australia and diversify our existing pool of business expertise.