Business & Investor
Business & Investor visas for Australia
The Business Innovation and Investment Program closed to new applications on 31 July 2024. This section is for applicants with a Subclass 188 application still in process and the transition to the permanent Subclass 888. New applicants with exceptional achievement should look at the National Innovation visa (858).
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Pathway to PR
Business Innovation 188
Existing 188 applicants and holders only — the program is closed to new applications
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Permanent residence
Permanent 888
Subclass 188 holders meeting their stream's requirements
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Business & Investor visas compared: cost, processing time and outcome
| Visa | Leads to | Base fee | 75% processed in |
|---|---|---|---|
| Business Innovation and Investment (Provisional) visa (Subclass 188) | Pathway to PR | — | — |
| Business Innovation and Investment (Permanent) visa (Subclass 888) | Permanent residence | A$4,375 | — |
Fees: Home Affairs current visa pricing, checked 11 October 2026. Processing times: Home Affairs global visa processing times as at 29 September 2026. Main applicant only; see each visa for streams and family members. General information, not migration advice.
Frequently asked questions
Which business & investor visas lead to permanent residence?
Permanent visas in this group: subclass 888. Provisional visas with a pathway to PR: subclass 188. The others are temporary, although some can lead to a permanent visa later if you meet its requirements.
How much do business & investor visas cost?
Base application charges in this group range from A$4,375 to A$4,375 for the main applicant, according to the Home Affairs pricing table checked 11 October 2026. Family members, health checks and other costs are extra.
Your move to Australia
Not sure which business & investor visa fits?
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