The Business Innovation and Investment (Provisional) Visa (Subclass 188) offers a pathway for entrepreneurs, investors, and business owners to establish or expand their presence in Australia. This visa allows you to manage a business, undertake investments, or develop entrepreneurial ventures, leading to permanent residency under the Subclass 888 visa.
Basic Eligibility
- Submit an Expression of Interest (EOI) in SkillSelect.
- Be nominated by a State or Territory government agency or Austrade.
- Receive an invitation to apply for the visa.
Note:
The Business Innovation and Investment Program (BIIP) closed on 31 July 2024. Applications submitted before this date will still be processed, and refunds may be available for withdrawals made on or after this date.
Streams Available
1. Business Innovation Stream
Designed for individuals with business skills aiming to manage a business in Australia.
- Stay: Up to 5 years.
- Cost: From AUD 9,710.00.
- WIDEN Support: We guide you through the business proposal, financial planning, and documentation needed for nomination and approval.
2. Investor Stream
For those willing to invest AUD 2.5 million in Australian investments.
- Stay: Up to 5 years.
- Cost: From AUD 9,710.00.
- WIDEN Support: Our team ensures your investments comply with Australian requirements, streamlining the process to secure your visa.
3. Significant Investor Stream
For individuals investing AUD 5 million in significant investments in Australia.
- Stay: Up to 5 years.
- Cost: From AUD 14,240.00.
- WIDEN Support: We provide comprehensive advice on structuring and maintaining your investment portfolio to meet visa conditions.
4. Business Innovation Extension Stream
Allows Business Innovation stream visa holders to extend their stay.
- Stay: Up to 8 years from the original visa grant date.
- Cost: From AUD 1,170.00.
- WIDEN Support: Our experts assist with extension applications, ensuring continued compliance with visa requirements.
5. Significant Investor Extension Stream
For Significant Investor visa holders to extend their stay.
- Stay: Extend up to 4 additional years.
- Cost: From AUD 1,170.00.
- WIDEN Support: We help you demonstrate ongoing compliance with investment and residency obligations.
6. Premium Investor Stream
For individuals investing AUD 15 million in Australian investments or philanthropy.
- Stay: 4 years and 3 months.
- Cost: From AUD 9,455.00.
- WIDEN Support: WIDEN ensures your investment aligns with visa requirements and handles all nomination processes with Austrade.
7. Entrepreneur Stream
For innovative startup founders and entrepreneurs.
- Stay: Up to 5 years.
- Cost: From AUD 6,570.00.
- WIDEN Support: We help secure funding agreements and support your nomination by State or Territory government agencies.
Processing Time
- Processing times vary based on the chosen stream and individual circumstances.
- Use the visa processing time guide tool for the latest updates.
Why Choose WIDEN?
With our experience in migration services, WIDEN provides tailored support for the Subclass 188 visa application. Whether you need guidance on investment compliance, business proposals, or nomination processes, our team ensures a seamless experience. Contact WIDEN today to explore how we can help you achieve your business and migration goals.
How WIDEN Can Help
Navigating the application process for the Subclass 188 visa can be complex. At WIDEN, we simplify every step of the process:
- Assist with preparing and submitting your Expression of Interest (EOI) in SkillSelect.
- Ensure you meet all eligibility requirements for your chosen visa stream.
- Liaise with State or Territory government agencies or Austrade for your nomination.
- Provide expert advice on compliance with business and investment obligations.
With WIDEN, you can confidently focus on achieving your goals while we handle the technical details.