Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation Extension stream

Extend your stay in Australia with the Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation Extension stream. This visa allows you to continue operating your business, bring family members, and apply for permanent residency.

Stay Duration and Cost

You can stay in Australia for up to 6, 7, or 8 years from the date of grant of the original Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream. The cost of the visa starts from AUD755.

Eligibility Requirements

To be eligible for the Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation Extension stream, you must meet the following requirements:

• Hold or have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream for at least three years, unless COVID-19 concessions apply.
• Be nominated by a State or Territory government agency.
• Demonstrate a need for your residency in Australia to operate the main business.
• Maintain an ownership interest in your nominated main business.
• Maintain your commitment to stay directly involved in the day-to-day management and decision-making of the business.
• Have no history of involvement in business or investment activities that are not generally acceptable in Australia.
• Meet the health and character requirements.
• Have no outstanding debts owed to the Australian government.
• Not have had a visa cancelled or a previous application refused in Australia.

Additional Eligibility Requirements (COVID-19 concessions):

• Held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream during the ‘COVID-19 concession period’ and it was granted on or before 30 June 2019.
• Hold or have held a Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation Extension stream during the ‘COVID-19 concession period’ and have not held more than one of these visas, and were granted a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream on or before 30 June 2019.

Application Process

Check your eligibility and apply for a Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation Extension stream with the assistance of our expert migration consultants. Simplify the process and benefit from our services, expertise, guidance, experience, and ongoing support.

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