Business Innovation and Investment (Provisional) visa (subclass 188)
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Business Innovation and Investment (Provisional) visa (subclass 188)
Business Innovation and Investment (Provisional) visa (subclass 188)
Australia · Business
What it is
Provisional visa for individuals seeking to own and manage a business, conduct business and investment activity, or undertake entrepreneurial activity in Australia. Multiple streams (BI, Investor, Significant Investor, Entrepreneur).
Key facts
- Category
- Business
- Duration
- 5 years provisional, pathway to 888 PR
- Processing time
- See official page for current processing times
- Maximum validity
- 5 years
- Extendable
- No
- Path to permanent residence
- Indirect route
- Dependants
- Yes
- Age
- Under 55
- English requirement
- Functional English for applicants 18+, or pay a second VAC instalment.
- How to apply
- Online
Standard figures for this route. Some applicants pay a reduced fee or none at all, so confirm your own case on the official page.
Fees
- Application fee (Business Innovation stream)
- AUD 12,505
- Proof of funds (net business+personal assets)
- AUD 1,250,000
- Application fee (per applicant 18+)
- AUD 6,250
- Proof of funds (annual business turnover)
- AUD 750,000
- Application fee (per child under 18)
- AUD 3,125
Key requirements
- Be nominated by an Australian state or territory government
- Meet stream-specific business, investment, or entrepreneurial criteria
- Meet age, English, asset, and net business value thresholds for chosen stream
- Submit an Expression of Interest via SkillSelect
- Meet health and character requirements
Working on this visa
Provisional visa, operate a business, and work and study, while the visa is valid.
Bringing family
Can bring eligible family members.
Facts checked against the official source. Last updated 26 July 2026.