About Visa 888
The Business Innovation and Investment (subclass 888) is a permanent residency visa for those who hold a four-year provisional subclass 188 visa and looking to continue to own and manage a business or investment activity in Australia and the Australian state or territory respectively.
Common Criteria
To be eligible for 888 visa, you must:
- Held a provisional Business Innovation and Investment visa (subclass 188) and met all the requirements of the stream you first applied OR
- Be the spouse or de facto partner of 188 visa in the investor or business innovation stream and be able to meet the primary requirements of permanent business innovation and investment visa in the relevant stream OR
- Held a Special Category visa (subclass 444) and met the requirements of business innovation stream
- Not have been involved or associated with any unacceptable business or investment activity
Additional Requirements
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- Hold a fine record of abiding by the laws of Commonwealth along with state or territory in which you operated a business or entrepreneurial activity
- Nomination by the Australian state or territory or by Austrade on behalf of the Australian government
- Evidence of meeting the health and character requirements for 188 visa
- Genuine commitment to maintaining business or investment activity in Australia
- Met all the requirements of the stream in which you held your 188 visa
- Must be free from any outstanding debts to the Australian government (this also applies to all the members of the family unit)
- You must enter in Australia by a specified date once you are granted this visa
- Any family member included as dependent in the application must not marry or be in a de facto relationship before entering Australia
VISA STREAMS
Additional Criteria
Business Innovation Stream
To apply for 888 visa under this stream, you must:
- Hold a business innovation and investment visa (subclass 188) in the business innovation or business innovation extension stream OR
- Hold a special category visa (subclass 444) for at least 1 of 2 years prior to making an application
- Be able to demonstrate ongoing business involvement, meet certain financial requirements and a history of employing Australian workers
Investor Stream
To apply for 888 visa under this stream, you must:
- Have held 188 visa in the investor for at least 2 of the 4 years prior making to application
- Have maintained a designated investment with an Australian state or territory for at least 4 years
If you have applied for 188 visa after 1 July 2015, you are required to hold your visa for at least 4 years prior to lodging an application for 888 visa.
Note: If you have applied for 188 visa before 1 July 2015, you can only apply for 888 visa under this stream once you have completed 3 years on your 188 visa.
Significant Investor Stream
To apply for 888 visa under this stream, you must:
- Have held 188 visa in the significant investor stream or significant investor extension stream
- Held complying investment consistently for at least 4 years on your 188 visa
- Operated a qualifying business under the private Australian company
Note: If you have applied for 188 visa in the significant investor stream before 1 July 2015, you must have held your visa for 3 years and 11 months to be eligible to apply for 888 visa. If you have applied after 1 July 2015, you are required to have held your 188 visa for at least 4 years.
Premium Investor Stream
To apply for 888 visa under this stream, you must:
- Held 188 visa in the premium investor stream for at least 1 year and be nominated by the commonwealth government
- Held complying premium investment continuously for at least 1 year
Entrepreneur Stream
To apply for 888 visa under this stream, you must:
- Have held your provisional 188 visa in the entrepreneur stream for at least 4 years prior to making an application
- Have evidence that demonstrates a successful record of your entrepreneurial activities in Australia
What People Are Saying About Visafast
“The best part was the fact that everything was taken care of. I provided the information asked of me by Mr. Deepak Panchal and Ms. Mudra Sanghvi and he took care of the rest. The speed of the application was faster than I ever imagined and I would recommend Visafast to anyone thinking of applying for a Business Visa. I bombarded Mr. Deepak Panchal with every question I could think of and he answered every one in great detail. I want to thank Deepak & Mudra for his hard work and will definitely recommend him for Business visa process. ”
RIMMI SINGH ( Business Innovation Stream )
“I am really happy with the service we obtained and wouldn’t hesitate to recommend Visafast Migration Consultancy to anyone thinking of making the same decision. The information you are presented with regarding the evidence you need to provide is clear and easy to understand. I like the way all the documentation is gathered right at the beginning of the process. Ms. Mudra Sanghvi has excellent knowledge for Business visa. Mr. Deepak Panchal also helped us to create our new company in Australia with detailed clarifications. ”
GAUTAM PATEL ( Investor Stream )
Why Choose Visafast Migration Consultancy
Experience
We strive to ensure your dreams of working in, living in or exploring Australia become reality. We are dedicated to making this possible.
Value For Money
You can also count on reasonable professional fees with no hidden “extras”.
Qualified Team
Visafast continues to build a reputation as winners. Exceeding your expectations is our passion, and we take our passion very seriously.
With This Visa, You Can
Study, Work And Live In Australia For An Indefinite Period
Get Health Coverage Through Medicare (Australia's Scheme For Health-Related Care And Expenses)
Apply For Australian Citizenship (After Fulfilling The Certain Criteria)
Sponsor Eligible Relatives For Permanent Residence
Leave And Re-Enter Australia Five Years From The Date The Visa Is Granted
Apply For Australian Citizenship (After Fulfilling The Certain Criteria)