Business visas
Business and innovation visas
Business migration has changed. We'll show you what's still available and whether you qualify.
Reviewed by SavieMEC's registered migration agents
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About business migration now
The Business Innovation and Investment (188) visa closed to new applicants in 2024. Holders of a 188 may still be able to move to the permanent 888 visa if they meet their stream's requirements.
For high achievers in priority sectors, the National Innovation visa (858) is now the main talent pathway. Some business owners also qualify through employer-sponsored or skilled visas.
Options
Business Innovation and Investment (Permanent) 888
For eligible 188 holders meeting business or investment requirements
National Innovation visa 858
Permanent visa for exceptional talent in priority sectors
Employer or skilled visas
Some business owners qualify through 482, 186 or skilled pathways
Key requirements (888)
- Hold a 188 visa in the relevant stream
- Meet business turnover, ownership or investment requirements
- Meet residence requirements in Australia
- Health and character requirements
Common reasons applications fail
- Business turnover or ownership evidence incomplete
- Investment not held for the required period
- Not meeting the residence requirement
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What to bring to your consultation
Free PDF checklist. Print it or save it to your phone before your consultation.
Download PDFNot sure which visa fits?
Book a consultation and we'll map out your options.
Frequently asked questions
Can I still apply for the Business Innovation and Investment visa (188)?
No. The 188 visa closed to new applicants in July 2024. People who already hold a 188 visa can still apply for the permanent 888 visa if they meet the requirements of their stream.
I hold a 188 visa. What are my options?
You may be eligible for the Business Innovation and Investment (Permanent) visa (subclass 888). The requirements depend on your stream, such as business turnover, assets or investment held. We check your evidence before you lodge.
What is the National Innovation visa (858)?
The National Innovation visa is a permanent visa for people with an internationally recognised record of exceptional and outstanding achievement in an area such as a profession, sport, the arts or academia. It replaced the Global Talent visa in December 2024. You start with an Expression of Interest.
General information only, not migration advice. Visa rules change often. We'll confirm what applies to you in a consultation. Last reviewed October 2026 by SavieMEC's registered migration agents.