Latest: Business Innovation stream not currently accepting new applications. Australian Department of Home Affairs has paused the Business Innovation and Investment Program pending policy review.
About the Business Innovation and Investment (subclass 188A)
The Business Innovation and Investment (subclass 188A) is Australia's entrepreneur / investor visa programme and one of the most direct routes to permanent residence, typically achievable within 4 years. For business owners looking to establish or develop a new or existing business in Australia.
Applications are processed in 12–36 months on average. Government fees start at $8,150, and the visa is valid for 4 years. This is a points-based system, meaning applicants are ranked competitively by score. A stronger profile improves your chances of selection.
To qualify, applicants generally need at least a Bachelor's degree and 4+ years of skilled work experience.
The Business Innovation and Investment (subclass 188A) is suited to start a company.
Eligibility requirements
Key facts
Best for
Path to permanent residence
Can lead to PR in approximately 4 years.
Validity period
4 years
Points-based system
Applicants are ranked by score. Higher points improve your chances.
How to apply for the Business Innovation and Investment (subclass 188A)
- 01
Calculate your points score
Use the official Australia points calculator to estimate your score before investing time in the full application. A score of above the current cut-off is needed.
- 02
Gather your supporting documents
Compile educational credentials (minimum Bachelor's degree), employment history, passport, and any certificates. Have foreign documents officially translated.
- 03
Prepare your business plan
Draft a detailed business plan covering market analysis, financials, and job creation projections. Many applicants engage an immigration specialist at this stage.
- 04
Submit your SC 188A application
File online through the official Australia immigration portal and pay the government fee of $8,150. Double-check all forms for errors before submission — mistakes cause delays.
- 05
Attend biometrics and medical (if required)
You may be asked to provide biometric data (fingerprints and photo) at an approved centre. Some visa categories also require a medical examination by an approved physician.
- 06
Receive decision (12–36 months)
Standard processing takes 12–36 months. Premium or expedited processing may be available for an additional fee. Avoid booking travel until you have a confirmed outcome.
What it costs
Attorney fees and document costs not included. Total spend is typically 2–5x the government fee.
Frequently asked questions
What are the main requirements for the Business Innovation and Investment (subclass 188A)?
A minimum Bachelor's degree, 4+ years of relevant work experience
How long does the Business Innovation and Investment (subclass 188A) take to process?
Processing time for the Business Innovation and Investment (subclass 188A) is typically 12–36 months from the date a complete application is received. Timelines vary depending on application volume, the completeness of your documents, and whether additional checks are requested. Check the official Australia immigration website for current processing times before applying.
How much does the Business Innovation and Investment (subclass 188A) cost?
The government application fee for the Business Innovation and Investment (subclass 188A) is $8,150 USD. Total costs — including legal fees, document translations, medical exams, and biometrics — typically run 2–5x the base government fee. Budget accordingly before starting your application.
Does the Business Innovation and Investment (subclass 188A) lead to permanent residence?
Yes. The Business Innovation and Investment (subclass 188A) is one of the pathways to permanent residence in Australia. Eligible holders can generally apply for PR after approximately 4 years of qualifying residence. Conditions apply — consult a licensed immigration adviser for your specific situation.
Do I need a job offer for the Business Innovation and Investment (subclass 188A)?
No. The Business Innovation and Investment (subclass 188A) does not require a prior job offer. You can apply based on your qualifications, work history, and points score. This makes it particularly attractive for applicants who want to move first and job-search on arrival.