Business Investment Visa

The Australian Investment and Innovation Visa (Subclass 188) is a fantastic option for successful business owners and investors seeking to establish themselves Down Under. This visa streamlines the pathway to permanent residency in Australia through the Business Innovation and Investment (Permanent) visa subclass 888 and is offered in four categories:

1. Business Innovation Stream (188A): For those keen on establishing or developing a business in Australia.
2. Business Investor Stream (188B): Tailored for individuals looking to invest in Australian ventures.
3. Significant Investor Stream (188C): Designed for high-net-worth investors.
4. Entrepreneur Stream (188D): Exclusively for ultra-high-net-worth individuals.

Future Developments: A new Migration Strategy announced on 11 December 2023 indicates that the Government is considering a new, single Talent and Innovation visa (likely to begin in mid-2024), which may replace the current Business Innovation and Investment Program (BIIP). The BIIP is no longer available to new applicants.

These visas aim to attract people who are good at business and have innovative ideas, to help the Australian economy grow.