Home › Australia Investor & Business Visas: 2026 Options
Australia Investor & Business Visas: 2026 Options
Quick answer: Australia's Business Innovation and Investment Program (subclasses 188 and 888) closed to new applications in July 2024. Entrepreneurs and investors now look at the National Innovation visa (subclass 858) for exceptional talent, employer-sponsored routes, or other countries' investor programs. Existing 188 holders can still progress to 888 if they meet requirements.
What happened to the Australian investor visa?
The subclass 188 Business Innovation and Investment (Provisional) visa had Business Innovation, Investor, Significant Investor and Entrepreneur streams, leading to the permanent subclass 888 visa. Following the Migration Strategy review, the government stopped new invitations and closed the program to new applicants in July.
Options for business people and investors in 2026
National Innovation visa (subclass 858): a permanent visa for people with an internationally recognised record of exceptional achievement in priority sectors, including entrepreneurs and investors.
Existing 188 holders: can still apply for the 888 permanent visa if they meet business, investment or residence requirements.
Employer-sponsored routes: founders employed by their Australian business may use the Skills in Demand (482) and Employer Nomination (186) visas in some cases. See Australia work visas.
Alternative countries: investor and residency programs in Europe and North America. See USA EB-5 and Malta residency.
How Phoenix GRS helps
We assess your business history, net worth and goals and recommend the most realistic route, rather than selling a program that no longer exists.
Frequently asked questions
Is the Australia 188 investor visa still open?
No. The BIIP closed to new primary applicants in July 2024.
What is the National Innovation visa?
A permanent visa (subclass 858) for internationally recognised talent in priority sectors, launched in December 2024 to replace the Global Talent visa.
Related guides
Need personalised advice? Book a free assessment with Phoenix GRS in Bangalore or call +91 90715 70020.