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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 

  • Score at least 65 on the points test.

  • Provide proof of business success (annual turnover, ownership interest).

  • Net business and personal assets of:

  • AUD1.25 million (if invited after 1 July 2021).

  • AUD800,000 (if invited before 1 July 2021).

Benefits

  • Operate a new or existing business in Australia.

  • Bring eligible family members.

  • Potential to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream.

Costs

From AUD9,450,00

Common Reasons for Visa Denials

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