Subclass 188 Visa (Business Innovation Stream) Summary

BPW Group (Business Plan Writers) are expert consultants in migration visa business plans for Subclass 188 migration visas in Sydney, Melbourne, Gold Coast, Brisbane, Sunshine Coast and Cairns.

Potential investors can apply for numinous visa types when looking to invest in the Australian economy. Each visa subclass has a different set of requirements that can allow a possible transition to Permanent Residency (PR) through a SC888 visa. Below is an application outline of Subclass 188 Visa (Business Innovation Stream):

Visa type

Business Innovation and Investment (Provisional)

What it lets you do

  • Stay in Australia for up to 4 years and 3 months
  • Operate a new or existing business in Australia

Minimum requirements

  • You must be nominated by an Australian state or territory government
  • You must be under 55 years old unless the requirement is waived by the state or territory government (if your proposed business will be of exceptional economic benefit)
  • For 2 out of the 4 financial years before you were invited to apply, you must have had ownership stake in 1 or 2 businesses that had at least AUD$750,000 turnover in each of the 2 years
  • Ownership stake means at least:

51% of the total value of the business if the business has an annual turnover of less than AUD$400,000

30% of the total value of the business if the business has an annual turnover of AUD$400,000 or more

10% of the total value of the business if the business is operated by a publicly listed company

  • If your business provides professional, technical or trade services, you must have spent less than half your time providing those services, rather than general management of the business
  • At the time of invitation, you and your partner must have total net business and personal assets of at least AUD$1.25million that can be applied to the establishment or conduct of a business in Australia
  • The nominating state or territory must be satisfied that the net value of your and your partner’s business and personal assets, other than the AUD$1.25million mentioned above, is sufficient to allow you and your partner to settle in Australia
  • Your and your partner’s business and personal assets must be lawfully acquired and available for transfer to Australia within 2 years of visa grant
  • You must score at least 65 points on the points test
  • You must have a successful business career and a genuine desire to continuously own and manage a business in Australia
  • You must be able to demonstrate that there is a need for your to be resident in Australia to establish or conduct the proposed business activity
  • Liability limited by a scheme approved under Professional Standards Legislation

You must have a realistic commitment to:

Establish a qualifying business or participate in an existing qualifying business in Australia

Maintain a substantial ownership interest in the qualifying business

Maintain a direct and continuous involvement in the management of the qualifying business from day to day, and in the making of decisions that affect the overall direction and performance of the qualifying business, in a matter that benefits the Australian economy

  • You or your partner must not have had any involvement in unacceptable business or investment activities
  • All applicants over 18 must have at least functional English (otherwise a second instalment is payable):

IELTS of at least 4.5 for each component

PTE of at least 30 for each component

  • You and your family must meet health and character requirements
  • You must not have an adverse immigration history


  1. Lodge an EOI with the state or territory government
  2. Lodge the visa application after you receive an invitation to apply from the state or territory government

Costs (as at 03/2022)

Our professional fees: TBA


  • Visa application: $6,085

Additional applicant over 18: $3,045

Additional applicant under 18: $1,520

  • Second instalment:

Primary applicant: $9,795

Secondary applicants: $4,890

  • State or territory government may charge a fee to consider your EOI
  • Medical examinations, police checks, translation costs, etc

*Please note the above fees are estimates only and may be subject to change

The Business Plan Writers team have expanded their knowledge of business plans over the past decade by executing strategic business plans for all industries including working with migration visas. Our business plans are designed from years of migration visa knowledge that allows the implementation of tailored and successful business plans.

Contact Us today in Cairns, Brisbane, Gold Coast, Melbourne, Sunshine Coast and Sydney and speak to one of our team to understand which vias pathway is best for you.

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