Business Innovation Stream​ - Business Innovation and Investment Visa​​

Business Innovation and Investment visa - Business Innovation Stream

The Business Innovation Stream of the Business Innovation and Investment visa (subclass 188) is for applicants who have had a successful business career, and wish to own and manage a new or existing business in Australia

This visa provides a pathway to permanent residency for business people who want to own and manage a business in Australia, or make an investment here.

The minimum requirements for the Business Innovation stream of this visa are set out below.

At the time that you are invited to apply for this visa, you must:

  • be under 55 years of age (unless your proposed business is considered to be of exceptional economic benefit to the nominating State or Territory)
  • genuinely wish to own, and maintain a major management role in, a business in Australia
  • score at least 65 on the innovation points test
  • be nominated by an Australian State or Territory government agency
  • you must have had a successful business career
  • in at least two out of the last four financial years, your main business(es) must have had an annual turnover of at least AU$500,000
  • if your business(es) provided professional, technical or trade services during at least two out of the last four years, you must have spent less than half of your time directly providing those services (as opposed to general management of the business)
  • you (and your spouse/de facto partner) must have had no involvement in unacceptable business or investment activities
  • You (and/or your spouse or de facto partner) must have total net business and personal assets of at least AU$800,000, that can be legally transferred to Australia within two years of the date that your visa is granted.

For more information on the subclass 188 Business Innovation and Investment visa – Business Innovation stream, and for assessing your eligibility, contact us today.