This business subclass 888 visa is commonly known as the second stage of the Business Innovation and Investment subclass 188 visa. You might be eligible to apply this visa if you are the primary visa holder of a provisional Business Innovation and Investment visa (subclass 188) and have met all other requirements; or you are the secondary visa holder who is the spouse or de facto partner of the business subclass 188 visa holder.
This Business Innovation and Investment (permanent) visa has a very complicated nature, please call our migration agent for professional advise for your personal circumstances.
Business Innovation and Investment Visa (Permanent)
This visa allows you to:
- continue to own and manage a business in Australia (the Business Innovation stream)
- continue to own and manage a business in Australia (the Business Innovation stream)
- continue entrepreneurial activity in Australia (Entrepreneur Stream)
Eligibility
You must:
- hold a relevant stream of the subclass 188 visa or 444 visa
- be nominated by a state or territory government agency or Austrade
- have owned and operated a business in Australia for at least 2 years (Business Innovation stream) or
- have held a designated investment of AUD 1.5 million for 4 years (Investor stream) or
- have held a complying investment of AUD 5 million for 4 years (Significant Investor stream) or
- held a complying investment of AUD 15 million for 1 year (Premium Investor stream)
- meet additional financial and other requirements of the same stream of this visa.