I want to know more about Business Innovation & Investment Visa (188/888)

ABOUT THIS VISA

The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Business Innovation and Investment Programme.

WHAT THIS VISA LETS YOU DO :

Temporary Visa – Subclass 188

Establish a new or develop an existing business in Australia, make a designated investment with an Australian state or territory government, make and maintain complying investments in Australia or undertake an entrepreneurial activity in Australia.

Travel in and out of Australia for the life of your visa.

Bring members of your family unit with you to Australia.

Tuition-Fee exempt when attending public schools from year 1 - year 12.

Complimentary 510 hours of English lessons if you do not meet the English requirements.

Permanent Visa – subclass 888

This is a permanent residence visa. It lets you and any member of your family unit who has also been granted this visa:

Stay in Australia indefinitely

Work and study in Australia

Enrol in Medicare. Australia's scheme for health-related care and expenses

Apply for Australian citizenship (if you are eligible)

Sponsor eligible relatives for permanent residence

Travel to and from Australia for five years from the date the visa is granted (after that time, you will need a resident return visa or another visa to return to Australia).

3 MAIN STREAMS OF THIS VISA: