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4. Business Innovation Extension Stream (subclass 188)

Overview This visa allows holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream extend their stay in Australia for 2 more years.
Visa type Provisional
Cost of application From AUD645 (see ’cost’ below for additional information)
Duration of visa 2 years. When adding the 4 years spent of Business Innovation Stream (subclass 188), it should total to 6 years.
Uses of this visa
  • operate a new or existing business in Australia
  • travel to, enter and remain in Australia for 6 years after the date of the grant of the Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream that you held at the time of application
  • bring eligible members of your family with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream if certain requirements are met
Eligibility Applicants must meet the following requirements-
  • Already hold a Business Innovation and Investment (Provisional) visa (subclass 188) Innovation stream and have held it for at least three years. 
  • Must not have held more than one Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream.
  • Demonstrate a need for you to reside in Australia to operate the main business
  • Have maintained ownership interest in your nominated main business and have the business operate actively in Australia for at least 2 years immediately before applying for the visa
  • Have maintained your commitment to stay directly involved in the day-to-day management and decision-making of the business.
  • Have a current nomination from a State or Territory agency before being invited to apply for this visa.
  • Not have a history of involvement in unacceptable activities
  • Have functional English
  • Meet the  health requirement
  • Meet the character requirement
  • Sign the Australian values statement
  • Have no debt to the Australian Government
  • Not have had a visa cancelled or a previous application refused


This visa costs AUD645 for the main applicant.

There is also a charge for each family member who applies for the visa with you:

  • additional applicant over 18 years old: AUD325
  • additional applicant under 18 years old: AUD165

You must pay an extra charge for any applicant 18 years old or older who has less than functional English unless this charge has already been paid for a previous subclass 188 visa application. This charge is the second instalment which must only be paid when you are asked to do so. You will be refunded the charge if the visa is not granted

The second instalment charges are:

  • main applicant: AUD9,795
  • family members: AUD4,890

You might also have to pay other costs for health checks, police certificates and biometrics.