Business Innovation and Investment Program (BIIP) as of 1st July 2021

 

Business Innovation and Investment Program (BIIP) as of 1st July 2021

  Business Innovation (188a) Investor Stream (188b) Significant Investor Visa (188c)
Age Below 55 years old Below 55 years old No age limit
Financial assets A$1.25m A$2.5m A$5m
Business turnover Above A$750k No requirement No requirement
Business / Investment experience Above 3 years Above 3 years No requirement
Qualifications Preferred Preferred No requirement
Points tested Yes Yes No
Processing time (approx.) 31 – 33 months 25 – 32 months 17 – 27 months

 

Criteria for Permanent Residence Visa (888)

  Business Innovation (888a) Investor Stream (888b) Significant Investor Visa (888c)
Visa validity 5 years 5 years 5 years
Own & manage business Min 2 years No requirement No requirement
Investment No requirement Yes for 5 years Yes for 5 years
Minimum stay 1 year 2 years accumulative 40 days per year accumulative
Business turnover Above A$300k No requirement No requirement
Net assets in Australia Above A$600k No requirement No requirement
Local employee 2 employees No requirement No requirement

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