The Business Innovation and Investment (subclass 888) visa is a permanent resident visa for people with a four-year provisional subclass 188 visa who want to continue to own and run a business or invest in an Australian state or territory.

Eligibility

• 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

• 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 maintain 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 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 in Australia

With this visa, you can

Leave And Re-Enter Australia From The Date Visa Is Granted (After 5 Years On Your Permanent Residency Visa You Need To Apply For Resident Return Visa To Extend Your Travel Facility)

Live, Study And Work For An Indefinite Period

Enrol In Medicare (Australia’s Program For Health Coverage)

Apply For Australian Citizenship (After Meeting A Certain Criteria)

Sponsor Eligible Relatives For Permanent Residency