The Business Innovation and Investment (Permanent) visa (Subclass 888) is the next step for entrepreneurs, investors, and business owners who have held an eligible provisional visa. This visa allows you to stay in Australia permanently to continue your business or investment activities, contributing to the nation’s economy and innovation landscape.
With several streams available, this visa caters to individuals with varied business and investment goals.
Key Benefits of the Subclass 888 Visa
- Permanent residency for you and eligible family members.
- Unrestricted work and study rights in Australia.
- Access to Australia’s public healthcare system (Medicare).
- Opportunity to apply for Australian citizenship (subject to meeting eligibility requirements).
- Travel in and out of Australia for five years.
Eligibility Criteria by Stream
1. Business Innovation Stream
For individuals continuing their business activities in Australia.
Key Requirements:
- Must hold a Subclass 188 visa (Business Innovation stream or Extension stream), Subclass 444, or an eligible Subclass 457 visa.
- Demonstrate active and ongoing business involvement in Australia.
- Meet specific turnover and ownership requirements for your business.
Learn more about the Business Innovation stream.
2. Investor Stream
For individuals continuing their investment activities in Australia.
Key Requirements:
- Must hold a Subclass 188 visa (Investor stream).
- Maintain a designated investment of AUD 1.5 million for at least 4 years.
- Demonstrate compliance with the investment requirements.
3. Significant Investor Stream
For high-net-worth individuals continuing substantial investments in Australia.
Key Requirements:
- Must hold a Subclass 188 visa (Significant Investor stream or Extension stream).
- Maintain a complying investment of AUD 5 million for 4 years.
Learn more about the Significant Investor stream.
4. Premium Investor Stream
For ultra-high-net-worth individuals making exceptional investments in Australia.
Key Requirements:
- Must hold a Subclass 188 visa (Premium Investor stream) for at least 12 months.
- Maintain a complying investment of AUD 15 million during the Subclass 188 visa period.
Learn more about the Premium Investor stream.
5. Entrepreneur Stream
For individuals continuing their entrepreneurial activities in Australia.
Key Requirements:
- Must hold a Subclass 188 visa (Entrepreneur stream) for at least 4 years.
- Reside in Australia for a minimum of 2 years during the visa period.
- Demonstrate a successful entrepreneurial track record in Australia.
Learn more about the Entrepreneur stream.
Visa Cost and Processing Time
- Cost: Starting from AUD 3,400.
- Processing Time: Use the visa processing time guide for current estimates.
How Widen – Migration Experts Can Help
Personalised Eligibility Assessment
We analyse your current visa status and business/investment history to determine the best Subclass 888 stream for you.
Comprehensive Application Support
From document preparation to application submission, we ensure your visa application is accurate and complete, minimising delays.
Ongoing Business and Investment Guidance
Our experts offer insights to help you meet the ongoing business or investment requirements for your visa.
Seamless Transition to Permanent Residency
We make your move to permanent residency smooth and hassle-free.
Start Your Journey with Widen – Migration Experts
Ready to secure your permanent residency in Australia through the Subclass 888 visa? Let Widen – Migration Experts guide you through every step of the process.
Contact us today for a consultation and take the next step in your business or investment journey in Australia.