Investment immigration to Australia has changed fundamentally: the Business Innovation and Investment Program (Subclass 188) stopped accepting new applications from 31 July 2024. The current investment–talent route is the National Innovation visa (Subclass 858).
Subclass 858 is a permanent visa for individuals with exceptional, internationally recognised talent — including entrepreneurs, investors and researchers. The visa is granted by invitation after submitting an Expression of Interest (EOI). M2W assesses profiles against this new framework.
Subclass 188 has closed — what you need to know
Theo Australian Department of Home Affairs, the BIIP programme — comprising the Business Innovation, Investor, Significant Investor and Entrepreneur streams of Subclass 188 — stopped accepting new applications from 31 July 2024. Applications submitted before this date will still be processed; holders of a 188 visa in certain streams may still apply for an extension.
National Innovation visa (Subclass 858)
Theo Australian Department of Home Affairs, Subclass 858 là visa permanent residence for individuals with outstanding, internationally recognised achievement in a qualifying field. Process: submit EOI → receive invitation → submit application. This is a suitable framework for entrepreneurs/investors with a strong track record, not a “pay and get approved” category.
Why choose M2W for Australia investment immigration
Advice based on the fact that Subclass 188 has closed and the current Subclass 858 pathway — no selling of outdated information.
Assess the profile against the 858 exceptional talent criteria and give direct advice on eligibility.
A dedicated consultant follows your case from Expression of Interest through to submission, with no intermediary.
Timelines and visa conditions are taken directly from the Australian Department of Home Affairs, not inflated.
Frequently asked questions about investment immigration to Australia
Can I still invest for Australian residency through Subclass 188?
Not for new applications. The Business Innovation and Investment Program (Subclass 188) stopped accepting new applications from 31 July 2024; applications submitted before that date are still being processed.
What is the National Innovation visa Subclass 858?
Subclass 858 is a permanent visa for individuals with exceptional, internationally recognised talent — including entrepreneurs, investors, researchers. The visa is granted by invitation after submitting an EOI.
Is 858 a matter of "pay and you're granted"?
No. This is not a golden visa; the application must demonstrate outstanding achievement and ability, not just rely on an investment amount.
Where should I start?
The first step is assessing your track record against the 858 criteria and submitting an Expression of Interest. M2W helps you determine your fit before investing time and money.
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View detailsAustralia investor and talent migration advisory
M2W assesses your case under the current Subclass 858 framework and advises on alternative options suited to your capabilities.
