Residency · Oceania
Residency · OceaniaAustralia Business Innovation and Investment Program (Closed)
Australia closed its Business Innovation and Investment Program, including the Significant Investor visa, to new applications on 31 July 2024.
Decision summary
- Minimum investment
- Not applicable — the program is closed.
- Program status
- Closed in 2024
Overview
The Department of Home Affairs permanently closed the Business Innovation and Investment Program (subclass 188 and related streams) to new applications on 31 July 2024. Applications lodged earlier continue to be processed.
Australia now directs exceptional talent and entrepreneurs to the National Innovation visa, which is based on achievement rather than a fixed investment.
Investors seeking residence in the region often compare New Zealand's Active Investor Plus or Singapore's Global Investor Programme.
Investment pathways
- Investment pathway
- Closed to new applications since 31 July 2024.
- Minimum investment
- Not applicable — the program is closed.
Considerations, limitations and risks
- Published entry thresholds are not comprehensive costs; taxes, professional fees and dependent charges may apply.
- Immigration law, visa access and naturalisation rules can change without notice.
- Individual eligibility depends on nationality, financial background, due diligence and program-specific criteria.
Status and authority
- Operational status
- Closed in 2024
- Official government authority
- Department of Home Affairs, Australia
Programme rules change; your advisor confirms every figure before you commit.
Frequently asked questions
Can I still apply for Australia's investor visa?
No. The Business Innovation and Investment Program closed to new applications on 31 July 2024.
What are the alternatives?
Australia's National Innovation visa is achievement-based. Investors often compare New Zealand's Active Investor Plus or Singapore's Global Investor Programme.
Discuss Australia with an advisor.
Share your objectives in confidence. An advisor will outline the options that may be relevant to your family and circumstances.