Business Innovation and Investment Permanent - Subclass 888
The Subclass 888 Business Innovation and Investment (Residence) visa is the permanent stage for the subclass 188 Business Innovation and Investment visa (Business Migration).
Subclass 888 (business innovation and investment ) visa eligibility criteria
The main criteria for grant of a permanent residency subclass 188 business innovation stream visa include:
- You have been in Australia holding a subclass 188 visa for at least 1 year out of the last 2 years
- You have had an ownership interest in an Australian business for at least 2 years
- You have accomplished at least two of the following:
You and your spouse/partner have held assets in your main business(es) of at least AU$200 000 for the last 12 months
Your business(es) employ two or more people on a full-time basis who are Australian citizens, permanent residents or New Zealand citizens and who are not members of your family unit
The combined assets of you and your spouse have been valued at least AU$600 000 for the last 12 months
Red Earth Migration can help
Business migration is a complicated area and it can be hard to determine which is the best visa pathway for your Australian migration journey. Our expert migration consultants handle business visas on a regular basis and understand all factors involved in choosing the Australian visa that’s right for you. Call 08 6161 9239 to schedule a consult today and take the first step to living in Australia.
Subclass 888 applicant FAQ
You can apply from either outside Australia or inside Australia
You can receive the visa either outside Australia or inside Australia.
You can include all family members who were included in your subclass 188 application. You can also include spouses or de facto partners and financially dependent children under the age of 23 who were not included in your subclass 188 application.
There is a health waiver available if you can show circumstances which offset the costs of your health care such that it is not an “undue cost” to the community.
This is a permanent visa with a five-year travel facility. This means you can stay in Australia permanently but if you want to leave and return after five years you must apply for a resident return visa.
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From AUD 2935