← Back to Visa Guides
Business Innovation and Investment (Provisional) visa (subclass 188)Working and skilled visas

Business Innovation stream

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

At a Glance

Stay

Up to 5 years.

Cost

From This document is based on lodgement date on 06.04.2026 Australian Eastern Standard/Daylight Time. for information about payment options, go to How to pay How this price is calculated Product Quantity Price EB188 BI&I Investor (Prov) 1 10,000.00 GST 0.00 Total AUD 10,000.00

Processing Time

for an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.

Conditions

See all conditions

You need to

  • AUD1.25 million if you were invited to lodge this visa application on or after 1 July 2021
  • AUD800,000 if you were invited to lodge this visa application before 1 July 2021
  • score at least 65 on the points test
  • provide proof of your business success (annual turnover, ownership interest)

Help with your visa

If you are getting help with your visa, before you pay someone, read information on Who can help with your visa application.

With this visa, you may...

Official Home Affairs Source

This page reorganises and paraphrases Home Affairs material for readability. Always confirm critical details against the official source before acting.

View source →

Need help with this visa?

Our registered migration agents can assess your eligibility and guide you through every step.

Book a Consultation