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 |
Please email to Yvonne Chan at info@auslife.com or whatsapp +61 450 772 380 for a no obligation consultation.