Think Higher Consultants

Business Innovation And Investment Visa - Subclass-888

The Business Innovation and Investment (Permanent) visa, also known as the subclass 888 visa, is the second stage of the 188 visa process. To be eligible to apply for this visa, the applicant must currently hold a relevant subclass 188 visa, a Special Category visa (subclass 444), or a Business (Long Stay) visa (subclass 457). The applicant must also have previously submitted an expression of interest and have been nominated by a state or territory government agency or Austrade.

If the nomination is withdrawn, the applicant will no longer be eligible for the 888 visa. It is important to note that the applicant is not required to submit another expression of interest when applying for the 888 visa, as they have already done so while applying for the 188 visa. The applicant must, however, continue to remain nominated by the state or territory government agency or Austrade in order to be eligible for the 888 visa.

Benefits

Benefits

Before assessing eligibility for the specific streams of the Business Innovation and Investment (Permanent) visa (subclass 888 visa), applicants must first meet the general requirements for the visa.

If you meet the above requirements you must check the primary criteria according to your previous stream.

Same as 188 visa, the 888 visa also has 5 main streams and the requirement to apply according to certain streams are slightly different, you have to meet the requirements under the stream you are holding the previous visa.

To be eligible for the Business Innovation stream of the Business Innovation and Investment (Permanent) visa (subclass 888 visa), an applicant must have previously held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream or held a subclass 444 (Special Category) visa, or certain holders of subclass 457 (Business (Long Stay) visa. Additionally, the applicant must meet certain requirements as outlined below.

Types of Business Visas

The Investor stream of the Business Innovation and Investment (Permanent) visa (subclass 888 visa) allows applicants to continue their investment activities in Australia permanently. To be eligible for this stream, the applicant must have previously held a Business Innovation and Investment (Provisional) visa (subclass 188) under the Investor stream and meet the following requirements:

The Significant Investor stream of the Business Innovation and Investment (Permanent) visa (subclass 888 visa) allows applicants to continue their investment activities in Australia permanently. To be eligible for this stream, the applicant must have previously held a Business Innovation and Investment (Provisional) visa (subclass 188) under the Significant Investor stream and meet the following requirements:

For Successful Visa Outcome, We Recommend Consulting With A Registered Migration Agent ​