Business Innovation and Investment (permanent) visa (subclass 888)
In order to apply for a subclass 888 visa in the Business Innovation stream, you must possess a relevant stream of a subclass 188 visa, a subclass 444 visa, or a subclass 457 visa that has been issued under specific conditions.
This subclass 888 divided into five categories are:
- Business Innovation Stream
- Investor Stream
- Significant Investor Stream
- Premium Investor Stream
- Entrepreneur Stream
- Business Innovation Stream
This visa enables those who have a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, a subclass 444 visa, or specific subclass 457 Business visa holders, to remain in Australia permanently. To demonstrate continued business involvement, you must be able to.
The fee to apply for this visa is: AUD 3,025.00
The processing time for this visa will be approximately 35 months
- Investor Stream
With this visa, you can stay in Australia indefinitely and continue your investing activity. In the investor stream, you must possess a subclass 188. A targeted investment of AUD1.5 million must have been kept by you for four years. A valid nomination from an Australian state or territory is required.
The fee to apply for this visa is: AUD 3,025.00
The processing time for this visa is not available.
- Significant Investor Stream
You are able to carry out your investment activities in Australia permanently with this visa. The Significant Investor stream or Significant Investor Extension stream subclass 188 visa must be held by the applicant. You must have kept a 5 million AUD compliant investment for four years. Throughout the duration of your subclass 188 visa, you must maintain your complying investment or complying large investment as needed. You must hold a valid nomination that has not been withdrawn from Austrade, a state or territory government agency, or both.
The fee to apply for this visa is: AUD 3,025.00
The processing time for this visa is approximately 38 months.
- Premium Investor Stream
With this visa, you can stay in Australia indefinitely and continue your investing activity. For the past 12 months, you must have held a subclass 188 visa in the Premium Investor stream. Throughout the time that you held your subclass 188 visa, you had to possess a complying investment of AUD15 million. For your provisional visa, you must fulfil a number of investment conditions. You need to be in possession of a valid nomination from Austrade that hasn't been withdrawn.
The fee to apply for this visa is: AUD 3,025.00
The processing time for this visa is not available.
- Entrepreneur Stream
Permanent residency is attainable with this visa and, in some cases, with people who have previously held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream. You must have had a subclass 188 visa in the Entrepreneur stream for four years. You must have spent at least two years in Australia to be eligible for the aforementioned visa. You must demonstrate that you have a successful track record of entrepreneurship while in Australia on a category 188 visa.
The fee to apply for this visa is: AUD 3,025.00
The processing time for this visa is not available
