Business Innovation and Investment (Permanent) visa (subclass 888) - Business Innovation Stream Business Innovation and Investment (Permanent) visa (subclass 888) - Business Innovation Stream

Business Innovation and Investment (Permanent) visa (subclass 888) - Business Innovation Stream offers

Live & work freely in Australia

Live & work freely in Australia

You have the freedom to live and work anywhere in Australia without restrictions.
Indefinite residency

Indefinite residency

Your 5-year visa can be renewed an unlimited number of times.
Family support

Family support

Sponsorship is available for eligible family members.
Medicare benefits

Medicare benefits

Eligible for comprehensive health coverage through Medicare.
Homeownership assistance

Homeownership assistance

Eligible for a $10,000 first home owners grant.
Higher education funding

Higher education funding

Access financial aid through Higher Education Loans Program (HELP).
A clear path to citizenship

A clear path to citizenship

After 4 years of residency, you can become an Australian citizen.
Citizenship for children

Citizenship for children

Children of permanent residents are automatically citizens.

Eligibility Criteria

This visa is currently closed to new applicants.

To be eligible for the Business Innovation and Investment (Permanent) visa (subclass 888)Business Innovation Stream, you must meet the following requirements:

  • Apply online
  • Hold a subclass 188 in the Business Innovation stream, subclass 444 visa or certain holders of subclass 457 visa
  • Show ongoing business involvement
  • Be nominated by a state or territory government agency
  • Own and manage a business in Australia
  • Have an annual business turnover of AUD300,000
  • Meet the assets and employees requirement
  • Follow Australian laws when operating your business
  • Have functional English
  • Meet the residence requirement
  • Not have been involved in unacceptable business activities
  • Have a realistic commitment to continuing business activities
  • Meet the health and character requirements
  • Sign the Australian values statement
  • Have no debt to the Australian government
  • Not have had a visa cancelled or a previous application refused

Application Process

This visa is currently closed to new applicants. To explore other visa options and determine your eligibility, book a consultation with a registered migration agent today.

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Exceptional consultation service!

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Ha Hai Hung

May 26, 2023

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May 19, 2024

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Aug 22, 2023

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Jan 03, 2023

Professional and helped me get my visa to Australia

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Dec 22, 2022

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Feb 17, 2023

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