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Business Innovation and Investment (Subclass 888)

BUSINESS INNOVATION and INVESTMENT (SUBCLASS 888) - Permanent

Visa 888 is a permanent business visa only for those who have been living in Australia on a provisional visa 188.

It is sponsored by the same Australian state / territory government that sponsored the applicant’s provisional visa, the sate/territory can impose additional conditions on top of DHA terms. This is the final second stage of the same five streams:

  • the Business Innovation stream
  • the Investor stream AUD 1.5 million
  • the Significant Investor stream AUD 5 million
  • the Premium Investor stream AUD 15 million
  • Entrepreneur stream
Comprehensive Business Visa Program Package
Visa conditions

In order to be able to apply for visa 888, you must:

  • be the main holder of a provisional business visa 188;
  • not be involved in illegal business or investment activities;
  • be nominated by the Australian state / territory;
  • meet the conditions of visa 888 in the specific stream:

Business Innovation

  • have a provisional visa 188 and reside in Australia for at least 1 year before applying for visa 888;
  • manage your business in Australia for at least 2 years before applying;
  • have a turnover of business (or two businesses in total) of at least $ 300,000 for 1 year before visa application;
  • own at least 30% of the business if the company's turnover exceeds $ 400,000, or at least 51%, if the company's turnover is less than $ 400,000, or 10% if the company is a publicly listed;
  • be nominated by state/territory government;
  • also, any two of the following three conditions must be met:
  1. Net business assets (or two businesses in total) must be at least $ 200,000 for 1 year before applying;
  2. The applicant's total assets (including business assets) must be at least $ 600,000 for 1 year prior to filing the application;
  3. Full-time employment for a period of 1 year before the application (or equivalent part-time employment) of at least 2 people who are Australian citizens, permanent residents or citizens of New Zealand and are not family members of the applicant.

The Investor AUD 2.5 million

  • hold a provisional visa 188 and reside in Australia for at least 2 years out of 4 before applying for visa 888;
  • hold state/territory bonds, that were bought as a condition of a provisional visa 188, for 4 years;
  • comply with Australian laws and not be involved in inappropriate business or investment activities;
  • fulfil the additional obligations imposed by the the sponsoring state/territory when applying for visa 188;
  • have a genuine and reasonable intention to continue business or investment activities in Australia after obtaining a permanent business visa.

The Investor AUD 5.0 million

  • hold a provisional visa 188 and reside in Australia for at least 40 days per year (in total), or your spouse has been in Australia for at least 180 days per year;
  • 4 years of appropriate investment during the validity of your visa.

Entrepreneur

  • Reside in Australia on preliminary visa 188 not less than two out of four years immediately before the application;
  • Demonstrate successful entrepreneurial activities in Australia;
  • Success of your activities will be measured by a combination of key and additional factors. You will need to demonstrate at least two key success factors or combinations of one key success factor and three additional factors;
  • The key success factors are:
  • Hiring of two or more Australian permanent residents or other persons entitled to work
  • Creating an annual turnover of at least A $ 300,000
  • Submission of a preliminary patent or an acquisition of a standard or innovative patent
  • Securing permanent financing or investment in your business
  • Entering into partnership with the university
  • Sale of the company in the amount of 2 000 000 Australian dollars
  • The availability of net assets (including net business assets and investment funds) of at least $ 2.25 million at the time of applying for a business visa (there is no requirement for the immediate transfer of these assets to Australia, but they must be legally acquired and able to be transferred to Australia within 2 years after receiving a business visa).
  • Additional success factors include:
  • Diversification of business activities in other business areas
  • Commendable letter from the state or territory government for the successes achieved
  • Sponsorship from a corporate sector
  • Starting at least one other business or participating in at least two other businesses
  • Official awards or recognition
  • Raising or contributing to social capital.
  • The availability of net assets (including net business assets and investment funds) of at least $ 2.25 million at the time of applying for a business visa (there is no requirement for the immediate transfer of these assets to Australia, but they must be legally acquired and able to be transferred to Australia within 2 years after receiving a business visa).
  • Entrepreneurship activity must not relate to any of the following excluded categories:
  • Residential real estate
  • Labour hire
  • Purchase of an existing enterprise or a franchise in Australia.
There are 7 business & invest stream programs to Australia. In this video we grouped them into 3 clear categories and explained the minimum requirements for each category.

Subclass 888 Business Visa: Permanent Residency and Investment Opportunities in Australia

The Subclass 888 Business Visa is a permanent residency visa tailored for business innovators, investors, and entrepreneurs. Designed to recognize your contributions to Australia’s economy, it offers a seamless transition from the Subclass 188 Visa, unlocking a world of opportunities for skilled migrants and their families.

Subclass 888 Visa Application Process: Requirements, Eligibility, and Nomination Guidelines

Navigating the Subclass 888 Visa application process involves several critical steps:

  1. Eligibility Check: Ensure you meet business turnover or investment thresholds.
  2. Nomination: Secure state or territory endorsement.
  3. Documentation: Submit comprehensive evidence of business activity or investments.
  4. Application Submission: Lodge your visa application with the Australian government.

Our expert migration agents ensure your application is accurate, complete, and meets all requirements.

Subclass 888 Visa Investment Pathways: Innovation, Investor, and Entrepreneur Streams

The Subclass 888 Visa supports multiple streams, allowing you to choose the best fit for your business journey:

  • Innovation Stream: For business owners meeting turnover criteria and managing eligible ventures.
  • Investor Stream: Focuses on investments of AUD 2.5 million in Australian assets.
  • Significant Investor Stream: Requires AUD 5 million in complying investments.

Each stream guarantees access to Australia’s thriving economy and a permanent residency pathway.

Regional Investment Pathways for Subclass 888 Visa: From Sydney to Melbourne and Beyond

Australia’s regional areas offer lucrative investment opportunities under the Subclass 888 Visa:

  • Sydney and Melbourne: Ideal for corporate and financial investments.
  • Queensland: Opportunities in renewable energy, tourism, and agriculture.
  • Regional Areas: Incentives for investments in developing economies and infrastructure projects.

Discover how regional investments can accelerate your business growth and residency goals.

Subclass 888 Visa Family Inclusion and Transition Benefits for Skilled Migrants

Subclass 888 Visa holders can include family members, offering a secure and prosperous future for loved ones:

  • Spouse and Children: Enjoy full residency rights, including education and healthcare benefits.
  • Family Inclusion: Transition seamlessly with dependents under one application.
  • Work and Study: Unlock access to Australia’s dynamic job market and world-class education system.

Secure your family’s future while expanding your business horizons.

Subclass 888 Visa Consultation and Migration Support for Your Business Residency Goals

Why choose Sydney Visa for your Subclass 888 application?

  • Expert Migration Agents: Professional advice tailored to your specific circumstances.
  • End-to-End Assistance: Support through every stage, from nomination to visa approval.
  • Transparent Services: Clear guidance on costs, documentation, and eligibility.

Start your Subclass 888 journey with confidence and achieve your permanent residency goals.

Contact us today at ☎ +61 481 048 493 to learn more about the Subclass 888 Business Visa and unlock your future in Australia.