- Business innovation stream
- Investor stream
- Significant investor stream
- Premium investor stream
- Entrepreneur stream
What Documents Should I Submit for My Business Innovation and Investment Visas?
You need to submit the following:
- Passport.
- National identity card (if required).
- Driver’s license (if required).
- Two recent identity photographs.
- Character documents.
- Financial statements.
- Proof of personal and business assets.
- Six photographs of your business establishment.
- A one-page organisational chart of your business.
- Proof of English Language Skills.
- Outline of your business activities.
- Proof that you own your business.
- Evidence that you purchased your business (if applicable).
- Business Activity Statements (BAS).
- Australian Business Number (ABN).
- Evidence of having employed full-time employees.
- Proof of your managerial position within the business.
- Documentation of the points test.
- For your family members you will also need to include these documents:
- Passports
- Marriage certificate
- Divorce papers
- Birth certificates
- Adoption papers
- Dependency evidence
- Relationship proof
- Business innovation and investment visa application form 47BU
- Statement of assets and liabilities form 1139A (SALP).
- Form 80 for your character assessment.
- Form 1221.
- Assistance form 965a.
- Migration agent help form 956.
- Form 927.
- Form 1217.
- Form 1413D.
- Declaration of dependent children form 47a.
Document Guidelines
For your business innovation and investment visa application, your documents have to be in English when you apply. If any documents are issued in another language, then make sure you provide a translated version alongside the original.
You can translate your documents through the National Accreditation Authority for Translators and Interpreters. If you are outside of Australia, then your translator has to write their full name, address, contact details, and qualifications, in the translated documents.
Your financial statements have to be prepared by an independent accountant to International Accounting Standards. The financial records must include a balance sheet, profit and loss statement, and notes to the accounts.
If you are applying from China, Macau, Hong Kong, or Taiwan then please refer to the Australian Consulate-General Hong Kong.
How Do I Apply for the Australian Business Visas?
There are two main ways you can apply for business innovation and investment visa:
- Online application. You can apply online by submitting the required documents through ImmiAccount. The documents you submit electronically must be scanned in color.
- In-person application. For the majority of business visa applications, you are required to send the application by post to the Adelaide Business Skills Processing Centre- applications sent to other locations will not be taken into consideration.
For both types of applications, you must pay the application fee via ImmiAccount, and it’s very important that you submit the fee before you lodge your application otherwise, your application won’t be processed until the payment is received.
How Much Does a Business Innovation and Investment Visa Cost?
Here are the base applications fees for business innovation and investment visas:
Business Innovation Visa Type Fee Business innovation and investment visa 188- investor stream AUD5,375 Business innovation and investment visa 188- significant investor stream AUD7,880 Business innovation and investment visa 188-entrepreneur stream AUD4,045 Business innovation and investment visa 188 premium investor stream AUD9,455 Business innovation and investment visa 888 AUD2,590 Business Owner Visa 890 AUD2,450 Business talent visa AUD7,855 Australia Investor Visa 891 AUD2,450 Sponsored Business Visa 892 AUD2,450 Sponsored Business Visa 893 AUD2,450 This is only the base application fee, you will be required to pay extra charges for any additional applicant that applies with you for a business visa. The Australian visa fees are detailed here.
How Long Does it Take to Process a Business Innovation and Investment Visa for Australia?
It usually takes two and a half years to process your business visa application. However, for some visa types, Australia doesn’t have a definite processing time. The processing time is prolonged if you are missing any documents from your application or provided wrong information.
Can My Family Members Apply With Me for a Business Innovation and Investment Visa?
Yes, you can include your family members as long as they belong to the immediate family unit (spouse, partner, children). Your family members can apply together with you or you can add them later on as long as you take care to include them before your visa application is finalised.
For some visa applications, both you and your spouse must be in Australia at the time of application and at the time of the visa grant.
Can I Travel With a Business Innovation and Investment Visa?
If you have a permanent business visa you can travel for five years without any restrictions. Afterward, you must apply for a resident return visa. If you have a temporary business visa, you can travel freely for the duration of your visa.
Can I Apply for Another Visa if My Business Visa Application Is Rejected?
Yes, you can apply for another visa if your application is rejected. However, before you apply one more time you can request a review at the AAT (Administrative Appeals Tribunal), regarding the denial of your visa application by the Department of Foreign Affairs.
