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The Business Innovation and Investment visas are a group of temporary Skilled visas which are designed to allow successful business owners to invest in either a new or existing business in Australia.
Australia investor is divided into many different stream:
Applicants for the Business Innovation and Investment (Provisional) visa (subclass 188) Investor stream must meet several eligibility requirements for their visa to be granted. The applicant and/or their partner (if applicable) must have:
Applicants must normally be 55 or younger to qualify for this visa, but the age requirement can be waived at the discretion of the nominating state or territory if the proposed investment will benefit the state or territory’s economy greatly.
Lodge an application for State Nomination with the Business Migration Centre (BMC). A fee of AUD$750 applies to all provisional visa nomination applications lodged with the BMC.
If you are granted State Nomination you can proceed to lodge an Expression of Interest (EOI) through SkillSelect.
Once nominated in SkillSelect by the BMC, you will receive an invitation from Department of Home Affairs to lodge your Business visa application which must be completed within 60 days using Department of Home Affairs electronic lodgement system.
STEP 4: Apply for State nomination for Visa 188 – Business Innovation Investor Stream
STEP 5: Pay the State nomination application fee
Business Innovation stream From AUD4,985
Investor stream From AUD4,985
Significant Investor stream From AUD7,310
Entrepreneur stream From AUD3,755
Premium Investor stream From AUD8,770
This visa is a temporary visa that leads to Permanent Residency after 2 years of investing and living in Australia. The average processing time of this visa can take between 9 to 28 months from the date that the application has been received by the Department of Immigration and Border Protection.