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Business Innovation and Investment (Permanent) visa (Subclass 888)

 

For entrepreneurs, investors and business owners to continue their activity in Australia. 

About Business Innovation and Investment Visa Subclass 888

The Business Innovation and Investment Visa Subclass 888 is a pathway to permanent residency in Australia for business owners, investors, and entrepreneurs looking to make a significant contribution to the country’s economy. It provides opportunities for skilled individuals and investors to establish and develop businesses in Australia. A Class Immigration and Education Consultants can assist you in navigating this visa category. 

What This Visa Lets You Do

The Subclass 888 visa offers a range of benefits to eligible applicants: 

  • Permanent Residency: This visa provides a pathway to permanent residency in Australia. 
  • Work and Study: Visa holders can work and study in Australia without restrictions. 
  • Travel: This visa allows for unlimited travel to and from Australia for five years from the date of visa grant. 
  • Access to Healthcare: Beneficiaries of this visa can access Australia’s exceptional healthcare system. 
  • Sponsor Family Members: Visa holders can sponsor eligible family members for permanent residency in Australia. 

Requirements

To be eligible for the Business Innovation and Investment Visa Subclass 888, applicants must meet specific requirements: 

  • Previous Visa: Applicants must hold a relevant provisional visa, including Subclass 188 or Subclass 444. 
  • Business or Investment Activity: There are specific requirements regarding the nature and scale of the business or investment activity. 
  • Residence in Australia: Applicants must have lived in Australia for a certain period. 
  • Financial Assets: There are specific requirements for net business and personal assets. 
  • Commitment to Business: Applicants must genuinely intend to continue their business or investment activities in Australia. 
  • Age: There is no specific age requirement for this visa. 
  • Health and Character: Applicants and their family members must meet health and character requirements. 

Eligibility Criteria

Additional eligibility criteria include: 

  • The applicant must have met the requirements of their relevant provisional visa. 
  • The applicant’s business or investment activity must have made a significant contribution to the Australian economy. 
  • The applicant must not have any outstanding debts to the Australian government. 

Checklist

For a successful application, follow this checklist: 

  • Gather all necessary documents, including evidence of your business or investment activity, financial statements, and residency proof. 
  • Complete the application form and provide all required information. 
  • Pay the relevant visa application fees. 
  • Lodge your visa application online through the Department of Home Affairs. 

Processing Time

The processing time for the Subclass 888 visa may vary based on individual circumstances and application complexity. For the most accurate processing time estimates, please visit the official Home Affairs website or consult with our immigration experts. 

Frequently Asked Questions

This visa is for business owners, investors, and entrepreneurs who meet specific criteria, including holding a relevant provisional visa. 

Requirements include previous visa, business or investment activity, residence in Australia, financial assets, commitment to business, and meeting health and character requirements. 

No, there is no specific age requirement for the Business Innovation and Investment Visa Subclass 888. 

Yes, eligible family members can be included in the visa application and can also be sponsored for permanent residency. 

This visa allows for unlimited travel to and from Australia for five years from the date of visa grant. 

 

Visa Subclass

Business Innovation and Investment (Permanent) Visa (subclass 888)

For entrepreneurs, investors and business owners to continue their activity in Australia.

Business Innovation and Investment (Provisional) Visa (subclass 188)

This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia

Business Talent (Permanent) Visa (subclass 132)

This visa allows you to establish a new or develop an existing business in Australia.

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