If you have sound business knowledge and wish to make an investment in a new business in Australia then you may achieve permanent residency status in Australia through a business visa or investor visa pathway. You need to demonstrate an overall successful business career and record of investment and business activity. An Expression of Interest (EOI) must be lodged with the Department of Home Affairs before you can lodge your application.

Business Innovation and Investment Permanent visa (Subclass 888)

Business Innovation and Investment visa is the permanent stage of the initial Subclass 188 visa, allowing applicants to manage their business and investments in Australia for an indefinite period. You can apply for it after you have fulfilled the requirements of your provisional visa.

Five streams of this visa, depending on level of contribution to the Australian economy

Business Innovation Stream where you have ongoing business involvement, history of employing Australian workers and meet certain financial requirements.

Investor Stream where you have required investment with an Australian state or territory for at least 4 years.

Significant Investor (SIV) Stream where you held complying investments continuously for at least 4 years and operated a qualifying business in which you have direct investment in Australia.

Premium Investor (PIV) Stream where you have required premium investment for at least 1 year in Australia.

Entrepreneur Stream where you demonstrate successful record of entrepreneurial activities in Australia.

Common eligibility requirements for Subclass 888 Visa

  • Nominated by an Australian State or Territory, or by Austrade, on behalf of the Australian government
  • Primary holder of a provisional 188 visa or be a secondary visa holder who is a spouse or de facto partner of a provisional 188 holder in the Investor or Business Innovation stream, or holder of Special Category visa Subclass 444, Business Long Stay visa Subclass 457IE for Business Innovation stream
  • Meet other requirements of relevant visa stream
  • Not involved in unacceptable business or investment activities

Additional primary requirements to qualify for Subclass 888 visa

  • You and your partner have a satisfactory record, of that you have complied with Commonwealth laws and the State or Territory where your business operates;
  • You and your partner meet Australian health and character requirements; and
  • Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.

You will also be subjected to additional requirements, depending on the stream you held in your original Subclass 188 provisional visa.

Additional primary requirements to qualify for Subclass 888 visa

  • You and your partner have a satisfactory record, of that you have complied with Commonwealth laws and the State or Territory where your business operates;
  • You and your partner meet Australian health and character requirements; and
  • Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.

You will also be subjected to additional requirements, depending on the stream you held in your original Subclass 188 provisional visa.

Advantages of Business Innovation and Investment (Permanent) Visa

The Business Innovation and Investment (Permanent) visa grants you permanent residence in Australia. It allows you and your eligible family members to:

  • Stay in Australia indefinitely
  • Work and study in Australia
  • Enrol in Medicare
  • Apply for Australian citizenship once you become eligible
  • Sponsor eligible relatives for permanent residence
  • Travel to and from Australia

Business Innovation & Investment Visa (Subclass 188)

Business Innovation and Investment Visa Programme is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the Australian economy.

4 Streams of this Visa

  • Business Innovation stream is for applicants with business skills who want to establish, develop and manage a new or existing business in Australia.
  • Investor stream is for applicants who want to make an investment of at least AUD 1.5 million in Australia and maintain business &investment activity.
  • Significant Investor (SIV) stream is for applicants who are willing to invest at least AUD 5 million in Australia and maintain business & investment activity.
  • Premium Investor (PIV) stream is for applicants who are willing to invest at least AUD 15 million in Australia and maintain business & investment activity.

The objectives of the programme  to contribute to the growth of the Australian economy by:

  • Generating employment
  • Increasing the export of Australian goods and services
  • Increasing the production of goods and services in Australia
  • Introducing new or improved technology
  • Increasing competition and commercial activity
  • Developing links with international markets
  • Increasing the dispersal of business migrants across Australia through state and territory government sponsorship.

Applicant must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa

General Eligibility Requirements

  • Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years
  • Net personal and business assets of at least AUD 800,000
  • The two streams, Business Innovation stream and the Investor stream is based on a points-test system, therefore you must score at least 65 points for these streams
  • Under 55 years of age, unless the nominating state or territory certifies that the applicant will make an exceptional economic benefit
  • Have an overall successful career in business
  • Meet certain health and character requirements

Advantages of Business Innovation and Investment Visa

  • Travel in and out of Australia any number of times as long as the visa is valid
  • Have your family accompany you to Australia where they will also have access to work and study rights
  • Establish a pathway to permanent residency
  • Depending on the stream, you can also renew your visa for an additional two years