Business Innovation and Investment
(Permanent) Visa (Subclass 888)
Permanent residence for successful provisional business and investment visa holders
The Business Innovation and Investment (Permanent) Visa (Subclass 888) is the permanent stage of the Business Innovation and Investment Program. It is available to individuals who currently hold a qualifying provisional business or investor visa and have met the specific business, investment, or entrepreneurial requirements of their chosen stream (e.g., Business Innovation, Investor, Significant Investor, or Entrepreneur).
This permanent visa enables applicants to continue operating and expanding their business or investment activities in Australia on an indefinite basis.
Highlights
Unlimited stay in Australia – live permanently in the country.
Full work and study rights anywhere in Australia.
Access to Medicare, Australia’s public healthcare system.
Ability to sponsor eligible family members for Australian permanent residency.
Five-year travel facility, allowing unrestricted travel to and from Australia during that period.
Key Eligibility Requirements
To qualify for the Subclass 888 visa, applicants must generally:
Hold a qualifying Business Provisional Visa, or be the primary holder of a Special Category Visa or Business (Long Stay) Visa Subclass 457IE.
Have a current nomination from an Australian state or territory government.
Demonstrate that they have met all business, investment, or entrepreneurial requirements of their specific provisional visa stream.
Ensure that all included family members meet Australian health and character requirements.
Have no history of unlawful activities in Australia.
Show a genuine commitment to continuing lawful business or investment activities in Australia.
Have no outstanding debts to the Australian Government.
Comply with all Commonwealth, state, and territory laws relevant to their business operations.
FAQs About Business Innovation and Investment (Permanent) Visa 888
Business Innovation and Investment (Permanent) Visa (Subclass 888)
Individuals who have previously obtained a Business Provisional Visa can later apply for the Business Innovation and Investment (Permanent) Visa (Subclass 888). This visa allows holders to continue operating or investing in a business in Australia and eventually obtain permanent residency.
How Can You Apply for a Business Innovation and Investment Subclass 888?
To apply for a Subclass 888 visa, you must submit an Expression of Interest (EOI), gather all necessary documents, apply online through the Australian ImmiAccount, verify any updates or changes, and wait for approval or refusal from the Department of Home Affairs.
Basic Eligibility Criteria for Subclass 888
- Hold specific qualifications and prior visa status (e.g., Business Provisional Visa).
- Obtain nomination from an Australian State or Territory Government.
- Ensure family members meet health and character requirements.
- Commit to lawful investment and business activities.
- Comply with Commonwealth and state/territory laws.
