Business Visa

Important: Australia’s Business Innovation and Investment Program (BIIP), including the Subclass 188 Business Innovation, Investor and Significant Investor visa streams, closed to new applications on 31 July 2024. Applications lodged before this date continue to be processed by the Department of Home Affairs.

Australian Business Migration is a category designed for business owners, investors and entrepreneurs to establish and/or invest in businesses in Australia.

The visa has three streams:

• The Business Innovation stream is for people who want to own and manage a new or existing business in Australia.
• The Investor stream is for people who want to make a designated investment in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
• The Significant Investor stream is for the people who are willing to invest at least AUD5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured. More information about the new visa pathway for migrant investors is available.