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We prefer you to contact by Email: [email protected]
Call us 24/7 in Australia: 1800 847 243
Australia: +61-7-3186 1467
India: +91-7598 338 336
Business Innovation and Investment Visa Subclass 888: What this Business Innovation and Investment (Permanent) visa lets you do
The Business Innovation and Investment (Permanent) visa (subclass 888) allows you to manage your business and investments in Australia.
This is a permanent residence visa. It lets you and any family members who have also been granted this Business Innovation and Investment (Permanent) visa:
You need a valid passport or other travel document for this Business Innovation and Investment (Permanent) visa. If you plan to get a new passport, you should do so before applying for your visa. If you get a new passport after you have lodged your application, give the details of your new passport to one of the department of immigration and border protection offices.
You might be able to update your passport details using ImmiAccount.
The visa application charges are listed in Fees and charges.
You might have to pay other costs, such as the costs of health assessments, police certificates, or any other certificates or tests. You are responsible for making the necessary arrangements.
You might be able to apply for this Business Innovation and Investment (Permanent) visa if:
In addition:
Other requirements depend on the stream in which you held your provisional Business Innovation and Investment visa (subclass 188).
You must meet certain health requirements. However, most applicants for this Business Innovation and Investment (Permanent) visa will not be required to complete additional health examinations. Do not arrange a health examination until the department of immigration and border protection ask you to.
You must meet certain character requirements. You must be prepared to provide a police certificate from each country you have lived in for 12 months or more during the past 10 years after you turned 16 years of age. Do not arrange for police certificates until the department of immigration and border protection ask you to.
This applies to you and all members of your family unit listed in your application, whether they are migrating or not. ​​
You must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government before this Business Innovation and Investment (Permanent) visa can be granted.
You might be asked to provide biometrics (a scientific form of identification) as part of the application. Countries and visa subclasses included in the biometrics program has more information.
If you are applying for the Business Innovation stream, you must have been in Australia and held:
for at least one year in the two years immediately before you apply.
In addition, you must be able to show ongoing busine​ss involvement, meet certain financial requirements, and have a history of employing Australian workers.
You must be able to show that you (or you and your partner together) have:
o 51 per cent of a business with a turnover of less than AUD400 000 per year
o 30 per cent of a business with a turnover of AUD400 000 or more per year
o 10 per cent of a publicly listed company
You (or your partner, or you and your partner together) must also demonstrate that you have achieved at least two of the following requirements:
o Australian citizens, Australian permanent residents, or holders of valid New Zealand passports
o not members of your family.
If you are applying for this Business Innovation and Investment (Permanent) visa in the Investor stream, you must have been in Australia and held your provisional visa in the Investor stream for at least two of the four years immediately before you apply.
In addition, you (or you and your partner combined) must have held a designated investment with an Australian state or territory for at least four years.
If you applied for your provisional visa (subclass 188) in the Investor stream prior to 1 July 2015, you are eligible to apply for a subclass 888 visa after holding your provisional visa for 3 years and 11 months. If you applied for your provisional visa after 1 July 2015, you are required to hold your provisional visa for at least 4 years prior to applying for a subclass 888 visa.
If you are applying for a permanent visa (subclass 888) in the Significant Investor stream, you must have held at the time of application:
You must have been in Australia as the holder of a provisional visa (subclass 188) in the Significant Investor stream or the Significant Investor extension stream for at least 40 days per year (calculated cumulatively) for the period of time you have held your provisional visa(s), or your spouse has been in Australia for at least 180 days per year (calculated cumulatively) on the basis of the period of time the primary applicant has held their provisional visa(s).
In addition, you (or you and your partner combined) must have:
Note that the rules in force at the time you applied for you original subclass 188 visa in the Significant Investor stream will apply to you when your application for a subclass 888 visa is assessed.
If you applied for your provisional visa (subclass 188) in the Significant Investor stream prior to 1 July 2015, you are eligible to apply for a subclass 888 visa after holding your provisional visa for 3 years and 11 months. If you applied for your provisional visa after 1 July 2015, you are required to hold your provisional visa for at least 4 years prior to applying for a subclass 888 visa.
If you are applying for a permanent visa (subclass 888) in the Premium Investor stream, you must have held a provisional visa (subclass 188) in the Premium Investor stream at the time of application and be nominated by the Commonwealth government.
You must have held your provisional visa for a minimum of 1 year.
You (or you and your partner combined) must have held complying premium investments continuously for at least 1 year, and for the entire time you have held your Business Innovation and Investment (Provisional) visa (subclass 188).
If you are applying for this Business Innovation and Investment (Permanent) visa in the Entrepreneur stream, you must have been in Australia and held your provisional visa in the Entrepreneur stream for at least two of the four years immediately before you apply.
In addition, you must be able to demonstrate a successful record of entrepreneurial activities in Australia.
A successful record of entrepreneurial activity will be measured by a combination of key success factors and supporting success factors. You will need to demonstrate the completion of at least two key success factors or a combination of one key success factor and three supporting success factors.
Key success factors include:
Supporting success factors include:
Entrepreneurial activities in Australia must not be in one of the following categories:
You can include the following people in your visa application at the time of lodgement:
For detailed information regarding who you can include in your application see including family members in your application.
The application must include documentary evidence of their relationship to you.​​
If you include your de facto partner in your application, the relationship must have existed for at least 12 months immediately before the date you lodge your application.
If members of your family unit wan​t to join you later in Australia, they must apply for a separate visa as appropriate to their circumstances.
This information explains what you need to do to apply for the Business Innovation and Investment (Permanent) visa (subclass 888). You can apply while you are in or outside Australia.
You need to provide documents to prove the claims you make in the application. The documents are listed in the Document checklist.
Some documents could take some time to obtain. You should have them ready when you lodge the application to reduce any delays in processing.
Lodge your application online using:
You must pay the initial application charge by credit card when you lodge your application. As soon as you apply, send your documents by registered post to our Adelaide office in South Australia – attention Adelaide Business Skills Processing Centre.
If you are applying in the Entrepreneur stream you will be able to upload your supporting documents electronically with your visa application.
Please refer to preparing your application, for information on:
In Australia: If you need help with your application, contact one of the department of immigration and border protection offices – attention Centre of Excellence.
You can also contact your case officer in the department for advice on your individual circumstances.
After you have lodged your application and documents, the department of immigration and border protection will acknowledge that they have received your information.
You can track and manage your application using ImmiAccount.
The department of immigration and border protection have visa processing times for each visa.
Your application could take longer if you need character or health checks (including x-rays), if you need to provide more information, or if your application is incomplete.
In Australia: If you apply for this Business Innovation and Investment (Permanent) visa while you are in Australia, you might be eligible for a Bridging visa that allows you to stay in the country lawfully while your application is processed. You should apply for a Bridging visa B (BVB) if you want to ​travel outside Australia while you are waiting for a decision.​
You can provide more information to the department of immigration and border protection, at any time until a decision is made on the application. If you want to correct information you provided, use:
the department of immigration and border protection could also ask you for more information. You will have to respond by a set date. After that date, they can make a decision about your application using the information that they have.
If another person gives the department of immigration and border protection information that could result in you being refused a visa, they will usually give you the opportunity to comment on the information.
You might also be interviewed. If you are asked to attend an interview in person, bring your passport or other identification and any requested documents to the interview.
Tell the department of immigration and border protection if your circumstances change. You can use the following forms:
You might be able to update your address and passport details using ImmiAccount.
​You can withdraw the application at any time before the department of immigration and border protection make a decision about it. To do this, send them a letter or email to ask for the withdrawal. Your request must include your full name and date of birth. You should also include your file reference number, client ID, or a Transaction Reference Number.
​​​All applicants 18 years of age or older, wishing to withdraw, must sign the request for withdrawal.​​​​​​
If the visa is granted the department of immigration and border protection will let you know:
If the visa is not granted the department of immigration and border protection will let you know:
You must provide documents to support your application for this Business Innovation and Investment (Permanent) visa.
Use the Business Innovation and Investment (Permanent) visa (subclass 888) document checklist to make sure your application is complete.
The Business Innovation and Investment (Permanent) visa (subclass 888) allows you to manage your business and investments in Australia.
This is a permanent residence visa. It lets you and any member of your family unit who has also been granted this Business Innovation and Investment (Permanent) visa:
You could qualify for a Special Benefit from Centrelink if you suffer a major change of circumstances that is beyond your control.
You and your family must comply with all visa conditions and Australian laws.
If you are outside Australia when you are granted this Business Innovation and Investment (Permanent) visa:
Source: The Australian Department of Home Affairs (www.homeaffairs.gov.au). Please visit www.border.gov.au to get updated information.
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