The Business Innovation and Investment (Provisional) visa (subclass 188) allows you to own and manage a business, conduct business and investment activities in Australia.
A provisional visa is a temporary visa that could lead to permanent residency if you meet certain requirements.
188A Business Innovation Stream
This visa allows you to own and manage a business, conduct business and investment activities and other entrepreneurial activities in Australia
It is a provisional visa for those with outstanding business capacities who want to establish, develop and manage a new or existing business in Australia
You must be nominated by a state or territory government
This visa is a 4-year temporary visa, for people who are willing to make a designated amount of investment in an Australian state or territory.
After maintaining an investment in Australian for 4 years, the applicant can apply for permanent residency through the Business Innovation & Investment (Permanent) (subclass 888) visa.
Applicants can either be in Australia or overseas to apply for this visa
188C Significant Investor Stream
This visa is for people who are willing to invest AUD 5 million in Australia that meet certain requirements and maintain business and investment activities in Australia
With this visa, you can carry out business and investment activities in Australia, stay in Australia for up to 4 years and 3 months, and apply for the Business Innovation and Investment visa (Permanent) (subclass 888) (Significant Investor stream)