Australia’s thriving economy, world-class lifestyle, and strong international connections make it one of the most attractive destinations for entrepreneurs. If you’re looking to start or expand a business, the business visa of Australia could be your pathway to success.

This guide explores everything you need to know, from visa types and eligibility to application steps and permanent residency options.

What Is the Business Visa of Australia?

The business visa of Australia allows entrepreneurs, investors, and innovators to establish or manage a business in the country. It is officially part of the Business Innovation and Investment Program (BIIP), which offers several visa streams tailored to different types of applicants (Australian Government).

This visa pathway is designed to attract individuals who can contribute to Australia’s economy through innovation, investment, and entrepreneurial skills. It is often the first step toward permanent residency and, ultimately, Australian citizenship.

Types of Business Visa Streams

There is no single “one-size-fits-all” Australian business visa. Instead, there are multiple streams under the BIIP, each designed for different profiles:

1. Business Innovation Stream (subclass 188A)

For people with a successful business career who want to establish, manage, or grow a company in Australia. Applicants must demonstrate turnover and ownership of an existing business.

2. Investor Stream (subclass 188B)

For investors willing to commit at least AUD 2.5 million into Australian investments, managed through government-approved channels.

3. Significant Investor Stream (subclass 188C)

For high-net-worth individuals ready to invest at least AUD 5 million in Australian assets. There is no age limit, and English proficiency is not mandatory.

4. Entrepreneur Stream (subclass 188E)

For applicants with an innovative idea supported by funding from an approved third party.

5. Permanent Visa Options (subclass 888)

After holding a provisional visa and meeting criteria (such as investment maintenance or business growth), applicants can transition to a permanent Business Innovation and Investment (Permanent) Visa.

Eligibility Requirements

While requirements differ by stream, most applicants must meet general criteria, including:

  • Age: Usually under 55 (exceptions apply for significant benefit cases).

  • Business or Investment Background: Proven success in managing businesses or investments.

  • Points Test: At least 65 points (Australian Points Calculator).

  • Financial Thresholds: Meeting minimum turnover or investment requirements.

  • English Skills: Functional English required for most streams.

  • Health and Character: Medical exams and police checks are mandatory.

How to Apply

Applying for an Australian business visa involves several steps:

  1. Expression of Interest (EOI): Submit through SkillSelect.

  2. State or Territory Nomination: Required for most visa types.

  3. Invitation to Apply: Issued if your profile is selected.

  4. Lodge Application: Provide documents proving your eligibility (business ownership, investment statements, English test results).

  5. Health and Character Checks: Complete government-mandated checks.

  6. Visa Grant: Begin your business journey in Australia.

For timeline details, see our guide on how long it takes to get an Australian visa.

Benefits of Holding a Business Visa

Choosing this visa comes with numerous advantages:

  • Residency Rights: Live, work, and study in Australia.

  • Business Opportunities: Access a thriving economy with global links.

  • Family Inclusion: Bring your partner and dependants.

  • Pathway to Permanent Residency: Transition to the subclass 888 visa.

  • Global Market Access: Position your company for Asia-Pacific growth.

Common Challenges & Mistakes

Applying for a business innovation visa can be complex. Common pitfalls include:

  • Weak Business Plan: Applications without a clear strategy are often rejected.

  • Financial Misunderstandings: Not meeting minimum investment or turnover thresholds.

  • Poor Documentation: Missing or incorrect paperwork delays approvals.

Why Work with a MARA-Registered Agent?

The Australian immigration process is heavily regulated. By working with a MARA-registered migration agent, you ensure your application is handled properly. At IC Australia, our licensed consultants specialise in the business visa of Australia, guiding you through every step.

We help clients:

  • Understand eligibility and pick the right stream.

  • Build a strong, compliant business plan.

  • Avoid errors that cause costly delays.

See also: How to spot red flags when choosing an immigration agency.

FAQs

How much money do you need for this visa?
Thresholds range from AUD 200,000 (Entrepreneur) to AUD 5 million (Significant Investor).

Can you buy a business in Australia to get a visa?
Yes, under certain visa streams you can purchase or invest in an existing company.

How long does the process take?
Processing usually ranges from 12 to 24 months.

Does it lead to permanent residency?
Yes, you can move to a permanent visa (subclass 888) once requirements are met.

Final Thoughts

The business visa of Australia opens the door to new opportunities, whether you’re a startup founder, seasoned investor, or high-net-worth individual. With the right planning, it can also be your route to permanent residency.

At IC Australia, our MARA-registered consultants are ready to assess your eligibility, prepare your case.

Book a consultation today to start your business journey in Australia.