Overview
Business Innovation Stream (subclass 188a)
The Visa 188a Business Innovation stream is a provisional visa for individuals with business skills, allowing them to operate a new or existing business in Australia.
Eligibility
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Score at least 65 on the points test.
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Provide proof of business success (annual turnover, ownership interest).
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Net business and personal assets of:
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AUD1.25 million (if invited after 1 July 2021).
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AUD800,000 (if invited before 1 July 2021).
Benefits
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Operate a new or existing business in Australia.
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Bring eligible family members.
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Potential to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream.
Costs
From AUD9,450,00
Processing Time
Common Reasons for Visa Denials
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