188 BUSINESS INNOVATION
This visa is subdivided currently into four principal streams: Business Innovation stream, Investor stream, Significant Investor stream, Premium Investor stream. Applicants can apply onshore or offshore.
This visa is for people who have a successful business or investment career, and have a genuine and realistic commitment to be involved in investing or business in Australia.
This visa is also the first step towards being granted a permanent Business Skills visa.
Applicants must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa.
888 BUSINESS & INNOVATION
The Subclass 888 Business Innovation and Investment (Residence) visa is the permanent stage for the subclass 188 Business Innovation and Investment visa. There are two streams depending on which stream was applied for at the provisional visa stage:
Business Innovation Stream: requires you to have established a business in Australia which meets certain asset and turnover requirements
Investor Stream: you must have held an investment in Australia bonds for 4 years
132 BUSINESS TALENT
This permanent visa is designed for high calibre business people who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia. Applicants must first submit an Expression of Interest and wait for an invitation before they apply. Applicants may be in or outside Australia at time of application as well as at time of decision.