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Permanent Business Innovation and Investment Visas (subclass 888)

The Business Innovation and Investment (Residence) visa (subclass 888) is the permanent stage for the subclass 188 Business Innovation and Investment visa. There are two streams depending on which stream was applied for at the provisional visa stage:

  • Business Innovation Stream: requires you to have established a business in Australia which meets certain asset and turnover requirements.
  • Investor Stream: you must have held an investment in Australia bonds for four years.

You can either be in Australia or overseas when you lodge your application.

In most cases, you must hold a subclass 188 Provisional Business Innovation and Investment Visa. The primary visa holder for the subclass 188 visa must in general be the primary applicant for the subclass 888 visa, rather than the spouse or partner. The only exception is where your relationship has ceased due to separation or death of the primary visa holder.

The application must be lodged online via the internet.

Elegibility Criteria

All applicants must meet the following criteria:

  • you must be nominated by the State or Territory Government who nominated you for the subclass 188 visa, unless you have obtained permission to change State or Territory;
  • you have a genuine commitment to maintain your business or investment activities in Australia;
  • you have a satisfactory compliance with applicable Australian Commonwealth, State and Territory laws.

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