The 188A (Business Innovation Stream) Visa is available to individuals who have been nominated by an Australian State or Territory government and meet the required points test. To be considered for nomination, applicants must submit an Expression of Interest (EOI) through the SkillSelect system.
This visa is designed for individuals who wish to establish or manage a new or existing business in Australia. It provides a 5-year temporary visa, allowing applicants to run their business and apply for permanent residency through the Business Innovation & Investment (Residence) Subclass 888 visa. After holding the subclass 188 visa for three years, an additional 2-year extension is available, providing a total of six years from the original visa’s grant date.