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 before being invited to apply for this Australia Business Visa. Features 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.
This visa allows you to establish a new or develop an existing business in Australia. It has two streams: Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia. Venture Capital Entrepreneur stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).