BUSINESS INNOVATION AND INVESTMENT (PERMANENT) VISA (SUBCLASS 888)

Features

This visa allows you to:

  • continue to own and manage a business in Australia (the Business Innovation stream)
  • continue business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor 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.

Length of stay

Permanently

What you can do

Unavailable due to low volume of applications

Global processing times

  • 75 per cent of applications
  • processed in 8 months

Point Score