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.
188E Entrepreneur Visa is suitable for applicants who will invest into a business in Australia with an innovative product or service. Start from 1st July 2021, the applicant no longer requires having at least $200,000 funding to establish an enterprise in Australia. Instead, the applicant has been nominated by a state or territory government agency.