Business Innovation & Investment Visa Australia | Mygration
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Temporary Investment Visas

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Business Innovation and Investment Visas

If you are looking for an opportunity to establish or relocate your business to Australia, a business visa is required. There are also range of foreign investment visa types available for eligible individuals. Mygration can assist you with the application for these specific permits. We are highly qualified migration agents located in Queensland. We can assist clients across Brisbane to determine their eligibility for various investment related permits. Thanks to the experience and dedication of our team we can assist you in compiling the necessary documents needed for an application for a foreign investment visa.

The application process for foreign investors interested in Australian investment has been simplified by the Australian Government in order to entice more foreign investors to the country.

The Australian economy is reliant on foreign investment and trade with the Foreign Investment Review Board (FIRB) assessing all proposals for direct foreign investment. The following industries are the main industries of interest when it comes to foreign investment:

  • Agribusiness and food
  • Commercial and real estate development
  • Tourism
  • Education
  • Major Infrastructure
  • Resources and Energy

Our firm has a wide range of professionals that not only provide services relating to migration law, but offer valuable expertise and knowledge relating to various assessment criteria for all visas to Australia. Our team of professionals hold over 11 years’ experience in accounting, law, migration law and career planning in Australia, New Zealand, South Africa, France, Spain and many other countries making us your ideal business migration agents in Brisbane and the Gold Coast.

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Temporary Business Innovation and Investment Visas (subclass 188)

Investor stream (subclass 188B)

This visa is for people who want to make a designated investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.

This visa will lead you to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).

You must:

  • be under 55 years of age, although a state or territory can waive this requirement if your proposed investment will be of exceptional economic benefit to the nominating state or territory
  • score at least 65 on the points test. Please see the Points test tab on this webpage for further information.
  • have a high level of management skill in relation to the eligible investment or qualifying business activity
  • have at least three years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments
  • have an overall successful record of eligible investment or qualifying business activity
  • have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured
  • have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment.

You, your partner, or you and your partner combined must:

  • for at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:
    • a qualifying business in which you, your partner or you and your partner combined had at least 10 per cent ownership interest, or
    • eligible investments owned by you, your partner or you and your partner combined of at least AUD1.5million.
  • during the two fiscal years immediately before you are invited to apply, have legally acquired net business, investment and personal assets of at least AUD2.25 million that are available for legal transfer to Australia within two years of the visa being granted
  • make a designated investment of at least AUD1.5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least four years from date of issue in your nominating state or territory
  • have had no involvement in unacceptable activities.

Income that you earn from your designated investment in Australia is subject to tax under Australian taxation law.

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Significant Investor stream (subclass 188C)

This visa is for people who are willing to invest at least AUD5million into complying significant investments in Australia and want to maintain business and investment activity in Australia. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government.

This visa will lead you to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).

You must have a genuine and realistic commitment to:

  • reside in the state or territory whose government agency nominated you,
  • continue your business and investment activity in Australia after the conclusion of your provisional visa,
  • live in Australia for at least 40 days per year (calculated cumulatively) for the duration of your provisional visa, or your spouse to live for at least 180 days per year (calculated cumulatively) for the duration of your provisional visa.

You, your partner, or you and your partner combined must have net assets of at least AUD5 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.

You and your partner must not have been involved in unacceptable business or investment activities.

You, members of your family unit aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.

Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.

You must also make a complying investment or a complying significant investment of at least AUD5 million over four years.

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Premium Investor stream (subclass 188D)

This visa is for people who are willing to invest at least AUD15million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Austrade will make the initial contact with suitable candidates for nomination on behalf of the Australian government.

This visa will lead you to qualify for a Business Innovation and Investment (Permanent) visa (subclass 888).

The Premium Investor stream is by nomination of Austrade on behalf of the Australian government only. You must make a complying investment of at least AUD15 million in any of the following options:

  • Australian securities exchange listed assets.
  • Australian government or semi-government bonds or notes.
  • Corporate bonds or notes issued by an Australian exchange listed entity (or wholly owned subsidiary of the Australian listed entity) or investment grade rated Australian corporate bonds or notes rated by an AFS licenced debt rating agency.
  • Australian proprietary limited companies.
  • Real property in Australia excluding residential property.
  • Deferred annuities issued by Australian registered life companies.
  • State or territory government approved philanthropic contribution.

Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.

You must also have a genuine and realistic commitment to continue your business and investment activity in Australia after the conclusion of your provisional visa.

You, your partner (spouse or de facto), or you and your partner combined must have net assets of at least AUD15 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.

You and your partner must not have been involved in unacceptable business or investment activities.

You, your partner and other family members aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.

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