There are many visa options available through the Business Innovation and Investment Program (BIIP) to those seeking to live and work in Australia on a temporary or permanent basis. Amongst the options available, Subclass 188 and Subclass 888 are currently the most relevant visas available to those intending to invest or operate a business within Australia.
Business and Investment Visas
Business Innovation and Investment (Provisional) Visa (Subclass 188)
This visa allows people to own and manage a business in Australia, conduct business and investment activity in Australia, or undertake entrepreneurial activity in Australia.
The following Subclass 188 streams are available to those who meet certain requirements to be nominated and invited to apply.
For this stream, it is necessary to invest AU $2.5 million in Australia, in addition to further requirements.
This stream requires an investment of AU $5 million in Australia, in addition to further requirements. The distinguishing feature of this stream is that there is no age limit for applicants.
This stream is for highly-skilled migrants in the business field. This stream is designed for migrants who intend to operate a new or existing business in Australia.
This stream is for migrants who are endorsed by an Australian state or territory government, and service providers in Australian state and territory innovation ecosystems.
Business Innovation and Investment (Permanent) Visa (Subclass 888)
This visa subclass has a range of streams, which are directed towards entrepreneurs, investors, and business owners seeking to continue their activity in Australia as a Permanent Resident visa holder. Applicants are required to have held a relevant provisional visa for a prescribed period of time, and have complied with the applicable business and investment requirements.
Please contact us if you require further assistance in verifying the applicable eligibility and preparing the relevant applications.