Business Innovation and Investment Visa Programme is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the Australian economy.
Four Streams of this Visa
- Business Innovation stream is for applicants with business skills who want to establish, develop and manage a new or existing business in Australia.
- Investor stream is for applicants who want to make an investment of at least AUD 1.5 million in Australia and maintain business &investment activity.
- Significant Investor (SIV) stream is for applicants who are willing to invest at least AUD 5 million in Australia and maintain business & investment activity.
- Premium Investor (PIV) stream is for applicants who are willing to invest at least AUD 15 million in Australia and maintain business & investment activity.
The objectives of the programme to contribute to the growth of the Australian economy by:
- Generating employment
- Increasing the export of Australian goods and services
- Increasing the production of goods and services in Australia
- Introducing new or improved technology
- Increasing competition and commercial activity
- Developing links with international markets
- Increasing the dispersal of business migrants across Australia through state and territory government sponsorship.
Applicant must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa. We can assist you in preparing your EOI, and other applications, Contact Us.
General Eligibility Requirements
- Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years
- Net personal and business assets of at least AUD 800,000
- The two streams, Business Innovation stream and the Investor stream is based on a points-test system, therefore you must score at least 65 points for these streams
- Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit
- Have an overall successful career in business
- Meet certain health and character requirements
Check your score with Point Test Calculator
English requirement does not apply to Subclass 188 visa. Further, upon fulfilling conditions for this visa, applicant is eligible to apply for a permanent business skills visa (Subclass 888).
Advantages of Business Innovation and Investment Visa
- Travel in and out of Australia any number of times as long as the visa is valid
- Have your family accompany you to Australia where they will also have access to work and study rights
- Establish a pathway to permanent residency
- Depending on the stream, you can also renew your visa for an additional two years
