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If you’re moving to Australia on the Business Innovation & Investment (Provisional) Visa, Subclass 188, you must maintain adequate health insurance for the duration of your stay as required under Visa Condition 8501.
Our 188 Visa Health Insurance options offer flexible and comprehensive medical cover ideal for business owners, investors, and entrepreneurs entering Australia to manage or grow business activities.
Receive instant policy certificates, reliable protection against unexpected medical costs, and access premium plan options tailored to long-term or high-travel requirements.
You must be under 55 (exceptions possible), score at least 65 points (except Significant Investor, Premium Investor & Entrepreneur streams), receive nomination from a state/territory or Austrade, meet the specific asset/investment/business experience requirements of your chosen stream, and maintain adequate health insurance (OVHC) under Condition 8501. You must also satisfy health, character, and genuine intention criteria.
For individuals with business skills and experience to own and manage a new or existing Australian business. Requires at least AUD 1.25 million in assets, a viable business plan, and 65 points (including state nomination adding 5-15 points).
For those committing to invest at least AUD 2.5 million in complying Australian investments (e.g., bonds, funds). Requires 3 years of business/investment experience, AUD 1.5 million in assets, and 65 points.
For high-net-worth individuals investing a minimum of AUD 5 million in specified investments over 4 years. No points test required, but nomination by a state/territory is needed; focuses on passive investment.
Targets ultra-high-value investors committing AUD 15 million (or AUD 10 million + AUD 5 million philanthropic donation) in innovative ventures or complying investments. Nominated by Austrade; no age limit or points test.
For innovative entrepreneurs with funding/support from a government-approved third party (at least AUD 200,000) to commercialize a product/service. No points test, but requires a compelling business idea with economic benefit to Australia.
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