The program is for shareholders of small and medium-sized enterprises to stay in Australia for up to 4 years.
Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Stream is one of subclass 188 visas, targeting the shareholders of small and medium-sized enterprises. This visa grants its holders the permission to stay in Australia for up to 5 years. Successful applicants should make a minimum investment of AUD 200,000 and operate a business for at least 2 years in Australia. If they manage to meet the business and residency requirements, they can apply for Australian Permanent Residence. Due to its easily-met requirements and low cost, this visa is favored by many SME owners. Children of applicants can enjoy free public education during 188A Temperary Visa.Eligibility Assessment Talk to expert
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