Business Innovation and Investment Program (Permanent) visa (Subclass 888)
The Business Innovation and Investment (Permanent) visa (subclass 888) is a pathway for individuals who hold a provisional Business Innovation and Investment visa (subclass 188) and wish to continue their business or investment activities in Australia. The subclass 888 visa offers permanent residency in Australia to successful applicants, allowing them to live and work in the country indefinitely.
To be eligible for the subclass 888 visa, applicants must meet the following requirements:
Hold a provisional Business Innovation and Investment visa (subclass 188)
Meet the requirements of the stream in which they were granted the subclass 188 visa
Have been in Australia for at least one year in the two years prior to application
Meet the business or investment requirements of the subclass 888 visa
To apply for the subclass 888 visa, applicants must submit an application through the Department of Home Affairs. The application must include evidence that the applicant has met the requirements of the stream in which they were granted the subclass 188 visa, as well as evidence of their business or investment activities in Australia. Applicants must also meet health and character requirements.
One of the benefits of the subclass 888 visa is that it offers permanent residency in Australia. This means that successful applicants can live and work in the country indefinitely, as well as sponsor eligible family members for permanent residency. Additionally, the subclass 888 visa allows for flexibility in business and investment activities, which means that visa holders can continue to grow their businesses or investments in Australia.
Another benefit of the subclass 888 visa is that it offers a pathway to Australian citizenship. After holding the visa for at least four years, successful applicants may be eligible to apply for citizenship, which would allow them to access the full range of benefits that Australian citizens enjoy, such as the ability to vote and hold public office.
Overall, the subclass 888 visa is a valuable pathway for individuals who wish to continue their business or investment activities in Australia and obtain permanent residency in the country. If you are considering applying for the subclass 888 visa, it is recommended and seeks professional advice from one of our expert immigration lawyers to ensure that you have the best chance of success.
There are four streams under which an applicant can apply for the subclass 888 visa:
Hold a provisional Business Innovation and Investment visa (subclass 188)
Meet the requirements of the stream in which they were granted the subclass 188 visa
Have been in Australia for at least one year in the two years prior to application
Meet the business or investment requirements of the subclass 888 visa
We at TooRoo Migration can guide you in navigating the complex requirements of the Business Innovation and Investment program by assisting with:
Advise on eligibility requirements and options for the different streams under the subclass 888 visa program.
Assist with the preparation and lodgment of the visa application, including providing guidance on required documents and evidence to support the application.
Help navigate the nomination process by liaising with relevant State or Territory government authorities.
Advise on business and investment opportunities in Australia and provide assistance with establishing or purchasing a business in Australia.
Provide ongoing support and assistance with meeting visa conditions and complying with Australian immigration and business laws.
Represent clients in dealings with the Department of Home Affairs and other relevant government agencies.