The National Innovation visa (subclass 858) (NIV) has replaced the Business/Investors visa. 

This is a permanent visa for exceptionally talented migrants from across the world. These migrants will help create jobs and drive productivity growth in key sectors of the Australian economy.

The NIV is for​ established and emerging leaders with high-calibre talent and skills who can make significant contributions that will benefit Australia’s future prosperity.

This includes:

• global researchers
• entrepreneurs
• innovative investors
• athletes and creatives