Business Innovation and Investment Visa (subclass 888) - Your path to permanent residency

business innovation and investment visa (subclass 888)Do you want Australian permanent residency based on your business or investment credentials? Do you have a subclass 188 visa and nomination from a state or territory? Then the Business Innovation and Investment Visa (subclass 888) is for you.

The different streams under the Business Innovation and Investment visa (subclass 888)

The Business Innovation and Investment visa (subclass 888) has three streams:

  1. The Business Innovation stream.
  2. The Investor stream.
  3. The Significant Investor stream.

Requirements of each subclass 888 stream

1. The Business Innovation Stream

  • You have owned and managed a business in Australia; and
  • Meet certain business threshold requirements.

2. The Investor stream:

  • You have a designated investment in an Australian state or territory; and
  • Want to continue the business and/or investment activity in Australia after the original investment has matured.

3. The Significant Investor stream:

  • You have invested at least AU$5 million into complying investments in Australia; and
  • Want to continue the business and/or investment activity in Australia after the original investment has matured.

Qualifying criteria

You must meet certain criteria in order to make a subclass 888 application. These criteria is either of the following:

  • You are the primary visa holder of a provisional Business Innovation and Investment visa (subclass 188) and have met all the visa requirements for the stream in which you first applied; or
  • You hold a Special Category visa (subclass 444) or a Business (Long stay) visa (subclass 457IE) and have met the requirements of the Business Innovation stream.

Plus:

  • Any other criteria as required by the Business Innovation and Investment visa (subclass 188) stream you applied under.
  • Health requirements.
  • Character requirements.

Getting advice

Here's something you might not know - Australian individuals and companies acting as immigration agents, i.e. agents in Australia, have to have a license to do so.

Our advice is to proceed with caution whenever you deal with an agent outside of Australia, as a license is not always a requirement to give immigration advice when working in other countries.

Fortunately it's easy to check if an agent is licensed. Simply do a search for their details on the official MARA website. If you cannot find the person here, do not deal with them.

You can rest assured that our adviser, Katrin Maja O'Flynn, is licensed. You can verify this by checking her registration details on the MARA site here.

A word of warning: Beware of companies or individuals outside of Australia with a DIBP number. This number is issued for administrative purposes only and does not indicate that an immigration agent is licensed.

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Take the first step by booking a FREE initial assessment today. It's the only way to find out if you qualify for a subclass 888 or any other Australian visa.

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