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Business Innovation and Investment Program

Business Innovation and Investment Program

Business Innovation and Investment (Provisional) Visa (Subclass 188) is a temporary visa that serves as a pathway to Australian permanent residency. This visa is designed for individuals who intend to: Establish and manage a business in Australia, Conduct commercial and investment activities in Australia, or Develop entrepreneurial ventures in Australia.

Business Innovation and Investment Program

6-12month

Processing Cycle

Permenant Resident

Obtain identity

Custom Quote

Attorney fees

Application requirements

Application process

STEP 1
Check Eligibility
188a 、188b or 188c
STEP 2
Prepare Documents
Personal Documents /Police clearance certificate (from all countries resided in for 12+ months)/ English test results (if applicable, e.g., IELTS/PTE) /Business Investment Evidence For 188A (Business Innovation stream),Financial statements (2 years), Tax records (BAS, income tax returns), Employment records (for local hires, if required), Business registration documents (ABN, ASIC records) For 188B/C (Investor streams): Proof of designated investment etc
STEP 3
State Nomination, if Required
Some states (e.g., NSW, Victoria) require updated state nomination, which may involve submitting a renewed business plan or evidence of ongoing investment compliance
STEP 4
Lodge 888 Visa Application
Apply 888visa from ImmiAccount online
STEP 5
Medical & Background Checks
Complete medical examinations at designated panel physician clinics. Provide police clearance certificates from all countries of residence (where stayed for 12+ months)
STEP 6
Visa Grant
Processing time: Typically 6-12 months

Apply For Fees

1. Government Application Fees (AUD)      
Visa Stage Main Applicant Additional Adult Child (<18)
188 Visa $6,270  $3,135  $1,570 
888 Visa $4,890  $2,445  $1,225 
2. Mandatory Third-Party Costs      
Service Fee Range (AUD) Details  
Skills Assessment $500-$2,000 Varies by assessing authority  
English Test (IELTS/PTE) $300-$400 Minimum: IELTS 4.5 (188A/B)  
Business Documents Audit $1,500-$5,000 For 188A financials  
Investment Compliance Audit $2,000-$10,000 For 188B/C (audited by ASIC-registered firm)  
Medical Examinations $300-$500/person BUPA Medical Visa Services  
Police Clearances $42-$150/country All countries resided in ≥12 months  
3. Professional Services      
Service Fee Range (AUD)    
Migration Agent (188 application) $5,000-$15,000    
Migration Agent (888 application) $3,000-$10,000    
State Nomination Advisory $1,000-$3,000    
Document Translation (NAATI) $30-$100/page    
4. State-Specific Costs      
State Potential Additional Fees    
NSW $820 (188 nomination fee)    
VIC $2,750 (188A business plan review)    
QLD $500 (investment monitoring fee for 188B/C)    

Our advantages

Our Mission As the world's foremost immigration and visa services provider, we combine unparalleled global reach, operational flexibility, and dedicated client focus to simplify complex regulatory processes. Our solutions empower both corporations and individuals to seamlessly achieve legal authorization for international work, residency, and travel across borders. Our management team With Migro, your application process is in expert hands. Backed by the nation's most trusted team of immigration specialists, we collaborate with industry authorities to create your smoothest possible pathway to success.