Overview
Subclass 888
Business Innovation and Investment (Permanent) visa
For entrepreneurs, investors and business owners to continue their activity in Australia.
Basic Eligibility
- hold a relevant stream of the subclass 188 visa or in relation to applications for a subclass 888 visa in the Business Innovation stream, hold a relevant stream of the subclass 188 visa, or a subclass 444 (Special Category) visa, or a subclass 457 (Business (Long Stay)) visa granted in certain circumstances.
Business Innovation stream
Business Innovation and Investment (Permanent) visa (subclass 888)
Business Innovation stream
This visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa, stay permanently in Australia.
Stay
Permanently
Cost
From AUD3,500.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
- you must apply online
- you must hold a subclass 188 in the business innovation stream,subclass 444 visa or certain holders of subclass 457 visa
- you must be able to show ongoing business involvement
Investor stream
Business Innovation and Investment (Permanent) visa (subclass 888)
Investor stream
This visa lets you continue your investment activities in Australia permanently.
Stay
Permanently
Cost
From AUD3,500.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
you must apply online
you must hold a subclass 188 in the investor stream
you must have held a designated investment of AUD1.5 million for 4 years
Significant Investor stream
Business Innovation and Investment (Permanent) visa (subclass 888)
Significant Investor stream
This visa lets you continue your investment activities in Australia permanently.
Stay
This is a permanent visa.
Cost
From AUD3,500.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
you must apply online
you must hold a subclass 188 visa in the Significant Investor stream or Significant Investor Extension stream
you must have held a complying investment of AUD 5 million for 4 years
Entrepreneur stream
Business Innovation and Investment (Permanent) visa (subclass 888)
Entrepreneur stream
This visa lets holders and, in some cases, people who have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream, stay permanently.
Stay
Permanently
Cost
From AUD3,500.00
Processing Time
For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.
you must have held a subclass 188 visa in the Entrepreneur stream for 4 years
have lived in Australia for at least 2 years while on the above visa
you must demonstrate a successful record of entrepreneurial activity in Australia while you held your subclass 188 visa
Official Information
For complete eligibility requirements, application process, processing times and costs, visit the official Department of Home Affairs page.
View on Home AffairsImportant Disclaimer
The information on this page is intended as a general guide only. Always verify the latest details on the official Department of Home Affairs website or seek help from a registered migration agent.