Business Innovation and Investment (Permanent) Visa (Subclass 888) – Business Innovation Stream

The Business Innovation and Investment (Permanent) visa (subclass 888) – Business Innovation Stream offers a pathway to permanent residency for individuals who hold a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa, enabling them to establish their permanent residency in Australia.

Eligibility Criteria for Business Innovation and Investment (Permanent) Visa (Subclass 888) – Business Innovation Stream

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

• Hold a subclass 188 visa in the Business Innovation stream, subclass 444 visa, or certain subclass 457 visa.
• Demonstrate ongoing involvement in business activities.
• Be nominated by a state or territory government agency.
• Own and actively manage a business in Australia.
• Have an annual business turnover of at least AUD 300,000.
• Meet the assets and employees requirement specified.
• Comply with Australian laws and regulations regarding business operations.
• Have functional English proficiency.
• Satisfy the residence requirement.
• Not have engaged in unacceptable business activities.
• Demonstrate a genuine commitment to continuing business activities.
• Satisfy the health and character requirements.
• Sign the Australian values statement.
• Have no outstanding debt to the Australian government.
• Not have had a visa cancelled or a previous visa application refused.

Application Process for Business Innovation and Investment (Permanent) Visa (Subclass 888) – Business Innovation Stream

Check your eligibility and initiate the online application process for the Business Innovation and Investment (Permanent) visa (subclass 888) – Business Innovation Stream with the assistance of our expert migration consultants. Simplify the process and benefit from our comprehensive services, expertise, guidance, experience, and ongoing support.

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