After the closure of Australia’s Business Innovation and Investment Program (BIIP) on July 31, 2024, business owners looking for alternative visa options can consider the Subclass 482 and Subclass 491 visas.
- The Subclass 482 visa allows self-sponsorship for business owners with a genuine need for a skilled position within their company.
- The Subclass 491 visa targets small business owners in regional areas, providing pathway to permanent residency after meeting specific requirements, such as business turnover and employment criteria.