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Business Innovation Stream - Subclass 188
Basic Eligibility

If you or any family members owe the Australian Government money, you or they must have paid it back or have an approved arrangement in place to pay it back.

All applicants aged 18 or over at the time of application must either have at least functional English or you will be asked to pay the second instalment of the visa application charge.

You will not receive an invitation if you are aged 55 or older at the time of the invitation to apply for the visa. If you are older, a State or Territory might invite you to apply for this visa if your business will be of exceptional economic benefit.

You and your partner must have had no history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.



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Other Details
01You Must
Score at least 65 on the points test

Provide proof of your business success (annual turnover, ownership interest)

You, your partner, or you and your partner together, have total net business and personal assets of at least:

  • AUD1.25 million if you were invited to apply for this visa on or after 1 July 2021
  • AUD800,000 if you were invited to apply for this visa before 1 July 2021
02With this visa, you can...
Operate a new or existing business in Australia

Bring eligible members of your family with you

Apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream

03Processing Times
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.