188A Business Innovation Stream

The provisional Business Innovation and Investment visa is part of the Australian Business Innovation and Investment Program. It is also called Australian Investment Migration, Business Migration, and original subclass 163, 164 migration visas. This type of visa focuses on company turnover and is flexible with investment options.

Your obligations

You must:

• be under 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the nominating state or territory.

• have an overall successful business career

• you and your partner combined must have total net business and personal assets of at least AUD800 000score at least 65 on the points test.

• for two out of the four fiscal years immediately before you are invited to apply, have had an ownership interest in an established business or businesses that had at least AUD500 000 turnover in each of those years

• own at least one of the following percentage of your nominated main business:

• 51 per cent, if the business has a turnover of less than AUD400 000 per year

• 30 per cent, if the business has a turnover of AUD400 000 or more per year

• 10 per cent, if the business is a publicly listed company