Unless COVID-19 concessions apply, you must have held the visa for a continuous period:
- Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream. If you were invited to apply for this visa on or after 1 July 2021, you must have held this visa continuously for at least 3 years or
- Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream. If you were invited to apply for this visa before 1 July 2021, you must have held this visa continuously for at least 4 years.
Unless COVID-19 concessions apply, you must have resided in Australia for:
- at least 2 years of the 4 years while holding a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream if you were invited to apply for that visa before 1 July 2021 or
- at least 2 years while holding a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream if you were invited to apply for that visa on or after 1 July 2021.
COVID-19 concessions
Arrangements are in place for provisional visa holders who may have been disadvantaged as a consequence of the COVID-19 pandemic.
From 19 September 2020 until 3 months after the end of the concession period, you can also apply for this visa if you held a Business Innovation and Investment (Provisional) visa (subclass 188) Entrepreneur stream which expired during the ‘COVID-19 concession period’.