This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.

• You must score at least 65 on the points test
• provide proof of your business success (annual turnover, ownership interest)
• You, your partner, or you and your partner together, have total net business and personal assets of at least:AUD1,250,000 if you were invited to apply for this visa on or after 1 July 2021.
• You must be nominated by an Australian State or Territory government agency.

This provisional visa requires you to invest at least AUD2.5 million in Australian investments that meet certain requirements and maintain business or investment activity in Australia.

1. You must invest AUD1.5 million in an Australian State or Territory.
2. If you were invited to apply for this visa on or after 1 July 2021, you must make (on or after the time of application for this visa), a complying significant investment of at least AUD2.5 million. You must hold complying significant investments continuously for the life of your provisional visa.
   It must be invested in the following proportions:
   – at least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
   – at least AUD750,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
   – a ‘balancing investment’ of at least AUD1.25 million in managed funds
3. You must be nominated by an Australian  State or Territory government agency.

This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.

• You must invest at least AUD5 million in complying significant investments in Australia.
• You must be nominated by an Australian State or Territory government agency or Austrade.

This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years, or up to 4 more years if COVID-19 concessions apply.

• Extend your stay for up to 2 more years. This means you can stay in Australia for a total of 6 years from the date of grant of your Subclass 188 visa in the Business Innovation stream.
• You can only have held 1 Business Innovation and Investment (Provisional) visa (subclass 188).
• You must hold a Subclass 188 visa in the Business Innovation stream. 
• You must have held your Subclass 188 visa in the Business Innovation stream for at least 3 years. 
• You must be nominated by an Australian State or Territory government agency. 

This provisional visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders extend their stay in Australia for up to 4 more years.

• Extend your stay for up to 4 more years. This means you can stay in Australia for a total of 8 years from the date of grant of your Subclass 188 visa in the Significant Investor stream.
• You must hold a Subclass 188 visa in the Significant Investor stream for at least 3 years, or a Subclass 188 visa in the Significant Investor Extension stream.
• You cannot have held more than 1 Subclass 188 visa in the Significant Investor Extension stream.  
• You must be nominated by an Australian State or Territory government agency or Austrade.

This provisional visa lets you carry out entrepreneurial activities in Australia.

• ​You must have a funding agreement with a third party to carry out entrepreneurial activities.
• You must first be nominated by an Australian State or Territory government agency.