Business Skills Visas
The Business skills visa encourages successful business owners who are keen on establishing or purchasing a business within Australia, to be able to live and work there.
Since 1 July 2012, business skilled applicants* are required to meet the passing mark of 65 points under the Skill Select program. Points are awarded for age, English ability, qualifications, experience in business or investment, net personal and business assets, business turnover and innovation.
Business skills visa now comprises of two visa subclass categories:
Business Innovation and Investment (Provisional) (Subclass 188)
Business Innovation and Investment (Permanent) (Subclass 888)
*except for visa subclass 188c
This visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business Long Stay) visa, gain a permenant residence.
* 2 of the 3
As of 1st July 2021, the Subclass 132 Visa has been abolished.