Business Innovation Stream (Provisional) Visa (subclass 188)

Business Innovation Stream (Provisional) Visa (subclass 188)

This provisional visa is for people with business skills. It enables the operation of a new or existing business in Australia.


  • Score at least 65 on the points test
  • You must be nominated by an Australian State or Territory government agency
  • For 2 out of 4 fiscal years immediately before you receive and invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD$500,00 turnover in each of those 2 years
  • Provide proof of your business success (annual turnover, ownership stake)
  • You, your partner, or you and your partner together, have total net business and personal assets of at least AUD$800,000

Cost of visa:

Australian Government fee due when the visa is lodged AUD$9,450.00

Apply from:

You can be in or outside of Australia when you apply for the visa and when a decision is made.

Processing times:

  • 90% of applications 12-14 months

Visa Go Australia fee to process the visa:

Total fee is £4,500.00 paid in 3 stages.

£1,500.00 Deposit
£1,500.00 Due on lodgement of State Sponsorship:
£1,500.00 Due on lodgement of EOI

Complete the free online assessment to check your eligibility HERE

Book a consultation with an Australian Registered Migration Agent to discuss your questions HERE

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