Business Visa
Exploring Australia's Business Visa Landscape
For entrepreneurial spirits, Australia offers avenues to establish and grow businesses through the Australian Business Innovation and Investment Visa Program. This initiative, spearheaded by the Australian Government, aims to bolster the nation’s economic landscape by empowering business individuals to own, manage, invest, and foster business ventures within the country.
The Business Innovation and Investment Program comprises provisional residence visas, primarily the Business Innovation and Investment (Provisional) Visa Subclass 188. This visa acts as a gateway to temporary residence, serving as a stepping stone towards permanent residency through the subsequent Subclass 888 visa.
Australia Business Visa Permanent
Business Innovation and Investment (Permanent) Visa Subclass 888
At The Immigration Whizz, we assist people who want to start or run a business in Australia to obtain provisional visa or permanent residency in Australia. All business visa streams require nomination by state, territory or Austrade. You can be eligible for different business visa streams such as:
- Business Innovation stream: This visa is for successful business owners or investors from overseas who are willing invest in new or existing business in Australia. This visa let you stay in Australia for up to 5 years. You can also bring your family to Australia on this visa. This visa gives you a pathway to permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream if you meet the certain requirements. The visa applicant must be below 55 years of age.
- Investor stream: This is a 5-year temporary visa that requires you to invest at least AUD 2.5 million in certain Australian investments. Moreover, you should have net business, investment and personal assets of at least AUD2.5 million. Another requirement is that you must have at least 3 years of experience of managing the eligible investments. You can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa after being the holder of this visa if you meet certain requirements. The visa applicant must be below 55 years of age.
- Significant Investor stream: This visa is for for people who are willing to invest at least AUD5million into complying significant investments in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government. There is no age restriction with this visa.
- Business Innovation Extension stream: This visa enables you to get an extension of stay after holding investor stream visa for three years. In other words, with this visa, you can stay up to 6 years in total from the visa grant date of original Business Innovation stream visa. For the extension, your main business must have been actively operating for at least 2 years.
- Significant Investor Extension stream: With this visa your stay on the Significant Extension stream can be extended up to a total of 8 years from the visa grant date of original Business visa in Significant Investor stream. Before you apply for this visa, you must have held a Business visa in Significant Investor stream or in Significant Investor Extension stream for three years. You can apply for extensions only 2 times.
- Premium Investor stream: for people who are willing to invest at least AUD15million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Applicants must be nominated by Austrade on behalf of the Australian government. You must have net assets of at least AUD15 million. There is no age requirement for this visa.
- Entrepreneur stream: for people who have a funding agreement from a third party for at least AUD200 000 to undertake a complying entrepreneur activity that is proposed to lead to either the commercialisation of a product or service in Australia or the development of a business in Australia. Applicants must be nominated by a state or territory government.