💳 Business Innovation and Investment visa, Startup Visa of Australia - Requirements and Process
The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Australian Government's effort to attract entrepreneurs and investors to contribute to the Australian economy. This visa is for people who want to own and manage a new or existing business in Australia, or to invest in an Australian state or territory.
Duration of stay startup visa of Australia
The visa is provisional, typically granted for 4 years and 3 months. It can lead to permanent residency under the Business Innovation and Investment (Permanent) visa (subclass 888) if certain requirements are met.
Startup visa of Australia - Visa fees
The cost of this visa starts from USD 6178. Additional charges apply for family members who apply with the primary applicant.
Who can apply for a startup visa in Australia
- Applicants must be nominated by an Australian state or territory government agency and invited to apply by the Minister for Immigration.
- There are different streams within the subclass 188 visa, such as the Business Innovation stream, Investor stream, Significant Investor stream, etc., each with its own set of requirements.
- Applicants usually need to have a successful business or investment history and a significant amount of personal and business assets.
- It is possible to apply as an individual who owns a company. Your business history, assets, and investment plans are crucial.
With this visa you can:
- Operate a new or existing business in Australia
- Bring eligible members of your family with you
- apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream
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🌐 Startup Visas in countries close to Australia
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