Business Innovation and Investment (Permanent) visa

Basic Eligibility

hold a relevant stream of the subclass 188 visa or in relation to applications for a subclass 888 visa in the Business Innovation stream, hold a relevant stream of the subclass 188 visa, or a subclass 444 (Special Category) visa, or a subclass 457 (Business (Long Stay)) visa granted in certain circumstances.

Business Innovation stream

This visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa, stay permanently in Australia.

With this visa, you can

continue your business activities that you may have started under your Business Innovation and Investment (Provisional) visa

• stay in Australia permanently

• work and study in Australia

You must

hold, or in certain cases must have held a Business Innovation and Investment (Provisional) visa in the Business Innovation stream, a Business Innovation and Investment (Provisional) visa in the Business Innovation Extension stream, a Special Category visa, or, in some cases, a subclass 457 visameet certain business requirementshave a current nomination from an Australian state or territory government agency

Investor stream

This visa lets you continue your investment activities in Australia permanently.

Processing Time

For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.

Significant Investor stream

With this visa, you can

continue to conduct business and investment activity in Australiastay in Australia permanentlywork and study in Australia

You must

hold, or for some people, must have held, a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream or Significant Investor Extension stream, andcontinue to hold your complying investment or complying significant investment, as required for your subclass 188 visa, during the period of that visahave a current nomination from a state or territory government agency or Austrade which has not been withdrawn.

There are concessions for some people affected by the consequences of the COVID-19 pandemic.

Premium investor stream

You must

hold a Business Innovation and Investment (Provisional) (subclass 188) visa in the Premium Investor streammeet certain investment requirements related to your provisional visahave a current nomination from Austrade which has not been withdrawn

Entrepreneur stream

This visa lets holders and, in some cases, people who have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream, stay permanently.