Business migration (investment)

 

Program closed

The Business Innovation and Investment Program (BIIP) is closed to new applications for the 2023-24 program year.

Business Innovation and Investment Program

The Business Innovation and Investment Program is a visa pathway for successful overseas businesspeople wanting to invest in Australia.

You must be nominated by a State or Territory government. Nomination triggers the visa invitation from the Department of Home Affairs.

Doing business in the Australian Capital Territory (ACT)

If you are looking for the opportunity to invest and/or manage a business in Australia, you may like to look at investing in Canberra, Australia’s capital city.

We are a city state, located within the ACT. It’s not just that our economy is resilient or that we’re close to the federal government. Our city is one of the most liveable and sustainable in the world.

Our population is progressive, innovative, creative and the most educated in Australia. You’ll find a strong network of support for your business, whether you’re a start-up or expanding globally.

ACT business nomination

The Australian Government has directed that ACT nominations focus on high quality applications that will have economic benefit to the ACT in the post-pandemic recovery phase. We offer ACT nomination under the following streams:

Business Innovation and Investment (provisional) subclass 188

  1. Business Innovation stream
  2. Investor stream
  3. Significant Investor stream
  4. Entrepreneur stream
  5. Business Innovation 188 extension

ACT nomination fee: $600 (non-refundable)

Average processing time: 4 to 6 weeks

Business Innovation and Investment (permanent) subclass 888

This visa lets holders of the Business Innovation and Investment (provisional) visa (subclass 188), who were nominated by the ACT government, apply for permanent residence after they have met their nomination obligations to undertake investment activity in the ACT.

  1. Business Innovation stream
  2. Investor stream
  3. Significant Investor stream
  4. Entrepreneur stream

ACT nomination fee: $1100 (non-refundable)

Average processing time: 4 to 6 weeks