Business Visa
Exploring Australia's Business Visa Landscape
For entrepreneurial spirits, Australia offers opportunities to establish and grow businesses through the Australian Business Innovation and Investment Visa Program. This initiative, led by the Australian Government, strengthens the economy by empowering business individuals. It provides a platform to own, manage, invest, and foster ventures in the country.
The Business Innovation and Investment Program includes provisional residence visas, with the Subclass 188 being a key option. This visa offers temporary residence and serves as a stepping stone to permanent residency through the 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 a provisional visa or permanent residency. All business visa streams require nomination by a 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 willing to invest in a new or existing business in Australia. It allows you to stay in Australia for up to 5 years and bring your family. This visa provides a pathway to permanent residence through the Business Innovation and Investment (Permanent) Visa (Subclass 888) if you meet certain requirements. Applicants must be below 55 years of age.
Investor Stream
This 5-year temporary visa requires you to invest at least AUD 2.5 million in specific Australian investments. Additionally, you must have net business, investment, and personal assets worth at least AUD 2.5 million. Applicants must also have at least 3 years of experience managing eligible investments. After meeting certain criteria, you can apply for permanent residence through the Subclass 888 visa. Applicants must be below 55 years of age.
Significant Investor Stream
Designed for individuals willing to invest at least AUD 5 million in complying significant investments in Australia, this visa allows maintaining business and investment activities. Applicants may be nominated by a state, territory government, or Austrade on behalf of the Australian government. There are no age restrictions for this visa.
Business Innovation Extension Stream
This visa provides an extension of stay after holding an Investor Stream visa for three years. It allows you to stay up to 6 years from the original Business Innovation Stream visa grant date. Your primary business must have been actively operating for at least 2 years.
Significant Investor Extension Stream
This visa allows an extension of your stay on the Significant Investor Stream visa, up to a total of 8 years. You must have held a Significant Investor Stream or Significant Investor Extension Stream visa for three years. Applicants can apply for extensions only twice.
Premium Investor Stream
For applicants willing to invest at least AUD 15 million into complying premium investments in Australia, this visa supports maintaining business and investment activities. Nomination is required from Austrade on behalf of the Australian government. Applicants must have net assets of at least AUD 15 million. There are no age requirements for this visa.
Entrepreneur Stream
This visa is for individuals with a funding agreement of at least AUD 200,000 from a third party to undertake a complying entrepreneurial activity. The aim should be to commercialize a product or service or develop a business in Australia. Nomination from a state or territory government is required.
Important Note
All provisional Business Visa streams offer a pathway to permanent residency through the Subclass 888 visa if applicants meet specific requirements.