Business Visa 888
Business Innovation and Investment Visa 888
What is Subclass 888 visa?
The Business Innovation and Investment visa 888 is a permanent residency visa for people who already hold a provisional subclass 188 visa. It allows you to stay in Australia permanently if you want to continue managing a business or investment in an Australian state or territory.
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Common Criteria for 888 Visa Australia
To apply for the Business Innovation and Investment (Permanent) visa (subclass 888), you must meet one of the following:
- Previously held a subclass 188 visa and fulfilled all the conditions of the stream you applied for, OR
- Be the spouse or de facto partner of a 188 visa holder (Investor or Business Innovation stream) and meet the main visa criteria, OR
- Held a subclass 444 (Special Category) visa and met the Business Innovation stream requirements.
Additionally, you must not have been involved in any unacceptable business or investment activities.
Additional Requirements
- To apply for the Subclass 888 visa in Australia, you must:
- Have followed Australian Commonwealth, state or territory laws during your business or investment activities.
- Be nominated by an Australian state or territory government or Austrade.
- Meet health and character needs.
- Show a true objective to continue your business or investment in Australia.
- Fulfill all conditions of your previous subclass 188 visa stream.
- Have no outstanding debts to the Australian government including any dependents.
- Arrive in Australia by the date specified on your visa grant.
- Make sure that any dependent included in your application does not marry or enter a de facto relationship before arriving.
Eligibility Criteria of Various Visa Streams
1. Business Innovation Stream
Eligibility Criteria-
- To apply for this visa under business innovation stream, you must:
- Hold a Business Innovation and Investment Visa subclass 188 under the Business Innovation stream or extension,OR
- Hold a Special Category Visa subclass 444 and have lived in Australia for at least one out of the last two years.
- You also need to show active involvement in running a business, meet specific financial criteria and have a proven past history of employing Australian workers.
2. Investor Stream
Eligibility Criteria-
- To apply for the 888 visa Australia under the Investor stream, you must meet these key requirements:
- You must have held the 188 Investor visa for at least 2 out of the last 4 years before applying.
- You need to have maintained your designated investment in an Australian state or territory for a minimum of 4 years.
3. Significant Investor Stream
Eligibility Criteria-
To be eligible for the 888 visa Australia under Significant Investor stream, you must have previously held a 188 visa under this stream. You also need to maintain your approved investment for at least 4 years during your 188 visa period. Additionally, you must have actively managed a qualifying business through a private Australian company.
4. Premium Investor Stream
Eligibility Criteria-
To qualify, you must have held a subclass 188 visa under the Premium Investor stream for at least 1 year and be nominated by the Australian Government. Additionally, you must have continuously maintained a complying premium investment for at least 1 year.
5. Entrepreneur Stream
Eligibility Criteria-
To apply, you must have held a provisional 188 Entrepreneur visa for at least 4 years. You’ll also need strong evidence showing your entrepreneurial success in Australia. Not sure if you’re eligible or need help with the application process?
Our expert Immigration Lawyer in Melbourne is here to guide you every step of the way. Book a consultation with us today to get started on your visa journey!
Key Benefits of Business Innovation Visa 888 Australia
- Grants permanent residency in Australia through visa 888.
- Lets you live, work and run your business anywhere in Australia.
- Allows you to include eligible family members in your 888 visa Australia application.
- Provide access to Medicare and public services.
- Support new innovators looking to enlarge their business in Australia.
- Opens a way to Australian citizenship after meeting eligibility requirements.
Processing Time for Innovation Visa 888 in Australia
- The average processing time for the 888 visa Australia is approximately 62 days.
- Time may vary based on the completeness of your application and supporting documents.
- Delays can happen if immigration requests additional information or clarification.
- Submitting a well-prepared visa 888 application can speed up the process.
- The Innovation Visa 888 offers permanent residency to successful business owners and new innovators in Australia.
How Can Our Business Innovation Visa Lawyer Help You?
- Guide you through the entire Business Visa Australia application process.
- Ensure you meet all eligibility criteria for subclass 888.
- Help prepare and review documents to support your visa application.
- Provide legal support in responding to immigration department requests.
- As a trusted Education Migration Agent Melbourne, we offer expert advice for a smooth visa journey.
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We are quick, attentive, and highly experienced.
If you have any immigration problems, talking to our immigration lawyers is the best way to start. You can visit our Melbourne office, have a video call, or speak with us on the phone for expert advice.
FAQs
GIEC Global Australia is one of the best Consultants for Business Innovation and Investment Visa 888. We have 9+ years of experience in Australian immigration with the speciality of immigration lawyer who guide you in the entire process of visa application. So, if you want to apply for any visa then get in touch with us.
No, you must hold a valid subclass 188 visa before applying for the 888 visa. The 888 visa is the permanent residency pathway that follows the provisional 188 visa. You must meet all business and residency requirements. GIEC Global Australia can guide you through the entire process, ensuring a smooth transition from a 188 to an 888 visa.
To qualify for the Business Innovation Visa 888, you must hold a subclass 188 visa, manage a business in Australia for at least 2 years, meet turnover or asset requirements, and be nominated by a state or territory government.
Business Innovation and Investment (Permanent) visa (subclass 888) – Business Innovation stream. This visa is for Business Innovation and Investment (Provisional) visa holders (subclass 188) to apply for permanent residency. It allows you to stay in Queensland permanently to manage a business or investment.
