This visa is for people who want to own and manage a new or existing business in Australia, or to invest in Australia.
Your visa is valid for four years and three months from the date it is granted.
The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Business Innovation and Investment Programme.
You must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa.
The visa includes four streams:
Holding this visa is the first stage before becoming eligible to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).
The processing time varies depending on the type of visa you apply for, for instance student visa applications are usually finalised within 1-3 months, partner visas within 12-15 months, permanent employer sponsored visas within 6-8 months from the date of lodgment. Have a look at the service standards of the Department for more information HERE
Migration to Australia / Visa to Australia / 457 visa / Skilled visa / RSMS visa / State sponsorship / Student visa - Open Migration