Business (provisional) - 188
SUSPENSION OF PROCESSING – ACT BIIP nomination. The ACT has now met the 2019/20 allocation of BIIP nomination places. Any applications for ACT 188 nomination submitted from this date will not be processed until 1 July 2020.
Business Innovation and Investment (provisional) (subclass 188).
If you are a successful business person who wishes to establish a new business or invest in an existing business you may be eligible to apply for ACT nomination of your Business Skills visa. Please ensure you read the ACT nomination guidelines to check your eligibility before you apply. A non-refundable service fee is charged for processing applications for ACT nomination.
This visa has four streams:
- Significant Investor stream. This is a provisional (4 year) visa for people who want to invest A$5 million into a complying investment.
- Investor stream: the ACT does not participate in this stream.
- Business Innovation stream: this is a provisional (4 year) visa for people who want to invest at least $200,000 to establish or purchase a business in Canberra.
- Entrepreneur stream. This is a provisional (4 year) visa for people who are undertaking, or proposing to undertake, an entrepreneurial venture in Australia