This provisional visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years.
With this visa, you can
- operate a new or existing business in Australia
- travel to, enter and remain in Australia for 6 years after the date of the grant of the Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream that you held at the time of application
- bring eligible members of your family with you
- apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream if certain requirements are met
How long you can stay
This is a provisional visa. You can stay in Australia for up to 6 years after the date of the grant of the Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream that you held at the time of application.
The visa is granted with multiple entry. You can leave and re-enter Australia as many times as you want while the visa is valid.
The visa starts on the date we grant it.
This is a provisional visa. You must apply for a new visa if you want to stay longer. Once you have this visa, you can apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream if certain requirements are met. Explore your visa options.
You can include members of the family unit in your application when you apply. You can also add your dependent child to your application at any time before we decide on your application.
In order for the primary applicant to be granted the visa, family members who are not coming to Australia must meet our character requirements, and might have to meet our health requirements.
This visa costs AUD600 for the main applicant.
There is also a charge for each family member who applies for the visa with you:
- additional applicant over 18 years old: AUD300
- additional applicant under 18 years old: AUD150
You must pay an extra charge for any applicant 18 years old or older who has less than functional English unless this charge has already been paid for a previous subclass 188 visa application. This charge is the second instalment. Pay it only when we ask you to. We will refund the charge if we do not grant you the visa.
The second instalment charges are:
- main applicant: AUD9,795
- family members: AUD4,890
To work out what your visa will cost use the Visa Pricing Estimator. The estimator does not take into account the second instalment or other costs. You might also have to pay other costs for health checks, police certificates and biometrics.
You can be in or outside Australia when you apply for the visa and when we decide on your application, but not in immigration clearance.
You and your family members who are part of your application must comply with all visa conditions and Australian laws.
Learn more about conditions for this visa.
You must also meet certain business obligations and obey Australian workplace laws.
Meet your business obligations
While the holder of this visa, you must:
- have a substantial ownership stake in a business in Australia
- genuinely have a realistic commitment to take part in its day-to-day management, at a senior level
In the business, you must do at least one of these things:
- add to commercial activity and competitiveness within the Australian economy
- develop business links with international markets
- employ people in Australia
- export Australian goods
- introduce new or improved technology, or
- produce goods or services that Australia would otherwise import
Follow Australian workplace laws
All workers in Australia (including visa holders) have rights and protections at work. Pay rates and workplace conditions are set by Australian law.
You must meet workplace laws when operating your business in Australia. The Pay and Conditions Tool (PACT) can help you with:
- pay rates
- shift calculations
- leave arrangements and notice
- redundancy entitlements
Adequate health insurance
We recommend you take out health insurance to cover any unforeseen medical treatment you might need in Australia. You are personally liable for all your healthcare costs while you are in Australia. Insurance can help limit your financial liability.
See what we consider adequate health insurance.
Learn more about health insurance for overseas visitors.
Reciprocal healthcare agreements
Some countries have a reciprocal healthcare agreement with Australia. Find out more from the Department of Human Services about reciprocal healthcare agreements.
You can travel outside Australia and return as many times as you want while the visa is valid.
The time you spend outside Australia does not extend the visa.
Australian visas are digital.
We do not put a visa label in your passport. Instead, we link your digital visa record to your passport.