Australia Business Innovation and Investment Visa Subclass 888 is the next stage of the provisional Business Innovation and Investment Visa subclass 188. Candidates meeting the eligibility criteria of Subclass 188 visa can apply for this visa without submitting an Expression of Interest (EOI). This visa allows business owner, investors and entrepreneurs to continue their business and investment activity in Australia permanently.Similar to Business Innovation and Investment Visa Subclass 188, this visa has five streams as per your contribution to the Australian economy.
Related: Know more about Australia Business Visa
The holders of subclass 188 in the Business Innovation Stream and the Business Innovation Extension stream, or a subclass 444 visa holder can stay permanently in Australia under this stream. You have to apply online and have to show your current business and your participation in it.
By applying under this visa, subclass 188 visa holders in the Investor stream can continue their investment activities in Australia permanently provided they have to apply online and must have held a designated investment of AUD 1.5 million for four years.
Subclass 188 visa holders in the Premium Investor stream have lived at least for 12 months on this visa is eligible to apply under this visa. Subclass 188 visa holders must have held an investment of AUD 15 million during their stay.
Subclass 188 visa holders in the Significant Investor Stream or the Significant Investor Extension Stream are eligible to apply under this stream online. This stream allows you to continue investment activities in Australia permanently provided you have held an investment of AUD 5million for 4 years.
If you hold a subclass 188 visa in the Entrepreneur stream, you can apply for this visa which allows you to stay permanently in Australia. You can carry out your entrepreneur activities in Australia. You have to show an impressive record of your entrepreneurial activity in Australia while holding your subclass 188 visa.
a) You can live, work and study in Australia permanently.
b) Eligible to apply for Australian citizenship if you meet the eligibility criteria.
c) Allows you to sponsor your family members for permanent residency.
d) You can leave and re-enter the country till the time your visa is valid.
e) Get enroll in Medicare – the Australian program for Health coverage.
For being eligible to apply , candidates have to meet the below-given eligibility criteria:
1) You should be the holder of the Business Innovation and Investment (Provisional) Visa Subclass 188.
2) You should receive the nomination from state/territory government.
3) You must qualify the health and character requirements.
4) You and your accompany partner should be free from all kind of illegal and unlawful activities.
5) You have genuine and real intentions to maintain investment in Australia.
6) You should be free from all kind of outstanding debts from Australian Government.
7) You hold the Special Category Visa (Subclass 444) and have qualified all the eligibility requirements of Business Innovation Stream.
| Visa Stream | Cost | Stay |
| Business Innovation Stream | AUD 2,590 | Permanently |
| Investor Stream | AUD 2,590 | Permanently |
| Premium Investor Stream | AUD 2,590 | Permanently |
| Significant Investor Stream | AUD 2,590 | Permanently |
| Entrepreneur Stream | AUD 2,590 | Permanently |
For availing information regarding Australia Business Innovation and Investment Visa Subclass 888, Call the official helpline +919625212959 Email your queries on info@makevisas.com.
