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Business migration has changed. The Business Innovation and Investment Program is closed to new applications, and founders and investors who want to build in Melbourne now need a different route. We advise on which one fits, and act for existing 188 holders already running businesses in Victoria.
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The Department of Home Affairs states that the Business Innovation and Investment Program is closed as of 31 July 2024, and that applications made before then are still processed. There is no direct successor. For people with an internationally recognised record as an entrepreneur, investor, researcher or in another field, the National Innovation visa (Subclass 858) is the closest current option; it is invitation-only and is not built around investment thresholds.
Business owners who do not fit the National Innovation visa may still have employer sponsored or skilled pathways open to them. Existing Subclass 188 holders continue on their own track to the permanent Subclass 888.
Our Melbourne business clients include founders who came on a 188 and now run companies in Victoria, owners of established businesses overseas thinking about expanding here, and people already in Melbourne on another visa who have started a business. Each starts in a different place, and the first meeting is mostly about sorting out which rules apply to you.
For 188 holders, the work is usually about the evidence Victoria and the Department will want to see for the 888: turnover, ownership, employment and the time the business has been operating. Our page on the National Innovation visa and Victoria covers the state's role for 858 applicants.
For the full rules, subclasses and current processing information, see our national business visas page.
Business clients usually prefer an in-person meeting at Level 13, 257 Collins Street, often with their accountant, because the discussion covers commercial detail. If you are overseas or travelling between countries, the same meeting runs by video and documents can be shared securely in advance.
We keep the matter with one lawyer from the first meeting onward, so the person who understands your business structure is the person who prepares the submissions. We quote our professional fees in writing after the first meeting, once the pathway is clear.
| Charge | Amount |
|---|---|
| National Innovation visa (858), main applicant | $6,235 |
| National Innovation visa, additional applicant 18 or over | $3,120 |
| National Innovation visa, additional applicant under 18 | $1,560 |
No new Subclass 188 applications can be made, so no 188 charge is shown. For employer sponsored or skilled pathways, see the charges on those pages.
Checked on 22-10-2026. Source: Department of Home Affairs: current visa pricing. Our professional fees are separate and are quoted in writing before you instruct us.
We look at your business, your record of achievement, your investment history and your family, in a confidential meeting.
You receive written advice on the routes open to you: the National Innovation visa, employer sponsorship, skilled migration or, for existing holders, the 888.
We work with your accountant on the records each pathway needs, from company structure to financial statements and evidence of achievement.
We prepare the expression of interest for the National Innovation visa, or the state nomination for an 888, and the supporting submissions.
After an invitation or nomination, we lodge the visa application and respond to the Department's requests until a decision is made.
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"Visa Plan Lawyers demonstrated exceptional professionalism, clarity, and attention to detail from start to finish… We highly recommend their team to any business seeking reliable and knowledgeable migration assistance."
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"James took care of our sponsorship and nomination and visa for our case, even though our case was not easy because our business is still new business."
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Reviewed by James Bae, Managing Director and Principal Immigration Lawyer. This page is general information about Australian migration law and is not legal advice for your circumstances.
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