Business Innovation and Investment Stream Subclasses
(188 and 888)
Discover your pathway to establishing yourself permanently in Australia through business innovation and investment opportunities.
Discover the Business Innovation and Investment Program, your pathway to establishing yourself permanently in Australia. Under the Business Innovation Stream, this program caters to holders of a Business Innovation and Investment (Provisional) Program in the Business Innovation or Business Innovation Extension streams. Additionally, certain holders of subclass 444 (Special Category) or subclass 457 (Business (Long Stay)) Program can also avail permanent residency through this program.
Furthermore, the Investor Stream of this program allows you to sustain your investment ventures in Australia indefinitely. Embark on your journey towards permanency in Australia through the Business Innovation and Investment Program.
For More Details
Get a free preliminary assessment
Required to apply for the Business Innovation and Investment Streams (Subclasses 188 and 888)
Check Eligibility
Ensure your business background and investment plans align with program requirements.
Choose Stream
Select the program stream that suits your business goals and investment intentions.
Submit EOI
Provide accurate information in the Expression of Interest (EOI) submission via SkillSelect.
Receive Invitation
If selected, you'll receive an invitation to formally apply for the program.
Fulfill Obligations
Meet investment obligations and requirements specified for your chosen program stream.
Lodge Application
Complete all necessary steps, pay fees, and await a decision from the Department of Home Affairs.
This program offers five pathways
Business Innovation Program
Aimed at individuals with business expertise who wish to start, expand, or oversee a business in Australia.
Investor Program
Designed for those interested in investing a minimum of AUD 1.5 million in an Australian state or territory, while also engaging in business and investment activities in the country.
Significant Investor Program
Targets individuals willing to invest at least AUD 5 million in compliant investments within Australia, while also participating in business and investment activities in the country.
Premium Investor Program
Intended for individuals ready to invest at least AUD 15 million in premium investments within Australia, while also engaging in business and investment activities in the country.
Entrepreneur Program
Geared towards individuals with a funding agreement of at least AUD 200,000 from a third party. This funding is intended for a compliant entrepreneurial activity aimed at either launching a product or service commercially in Australia or establishing a business in the country.
How to apply Business Innovation and Investment Streams (Subclasses 188 & 888)
Apply online for the respective Program.
Hold a Program 188 or certain other eligible programs.
Meet specific investment or business involvement requirements depending on the Program.
Maintain the investment or business involvement for a certain period (usually 4 years, but varies based on the Program).
Fulfill residency requirements if applicable (e.g., residing in Australia for a certain period).
Demonstrate a successful record of entrepreneurial activity if applying under the Entrepreneur Program.
Comply with all other relevant immigration regulations and requirements.
Importance of the Business Innovation and Investment Streams
There are some points highlighting the importance of the Business Innovation and Investment Program:
Opportunity to Grow Business
This Program offers a chance for entrepreneurs to expand their business ventures in Australia.
Access to a Thriving Market
Through the Program, you can tap into Australia's dynamic market, which may open doors to new opportunities and customers.
Permanent Residency
Successful participation in the Program can lead to permanent residency in Australia, offering stability and a pathway to citizenship
Investment Opportunities
It allows you to explore various investment opportunities in Australia, which can diversify your portfolio and potentially offer lucrative returns.
Networking and Collaboration
Participation in the Program provides networking opportunities with other business leaders and potential collaborators, fostering innovation and growth
Quality of Life
Australia offers a high quality of life with excellent healthcare, education, and lifestyle options for you and your family.
Global Expansion
Establishing a presence in Australia can serve as a stepping stone for further global expansion, leveraging its strategic location and economic stability.
Access to Skilled Workforce
Australia's skilled workforce can contribute to the growth and success of your business ventures.
Government Support
The Australian government provides support and resources to participants of the Program, facilitating a smooth transition and integration into the Australian business landscape.
Contribution to the Economy
By investing and innovating in Australia, you contribute to the country's economy, creating jobs and driving growth.
