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Business Innovation and Investment (Permanent) Visa (Subclass 888)
Overview
The Subclass 888 Business Innovation and Investment (Permanent) Visa is designed for individuals who hold a Subclass 188 – Business Innovation and Investment (Provisional) Visa and want to transition to permanent residency in Australia. This visa allows applicants to live, work, and conduct business activities in Australia permanently.
Streams Under Subclass 888
1. Business Innovation Stream
For individuals who have successfully operated a business in Australia under the Business Innovation stream of Subclass 188.
Processing Time: 10–12 Months
Eligibility Criteria:
- Operate and manage a business for at least 2 years in Australia.
- Meet asset, employment, and residence requirements.
- Hold one of the following:
- Subclass 188 (Business Innovation stream)
- Subclass 444 visa
- Subclass 457 visa (in specific conditions)
- Maintain a current nomination from a state or territory government.
- Have functional English.
- Meet health and character requirements.
2. Investor Stream
For individuals who have invested AUD 1.5 million in a designated Australian state or territory.
Processing Time: Not specified
Eligibility Criteria:
- Maintain the investment of AUD 1.5 million for at least 4 years.
- Hold a Subclass 188 (Investor stream) visa.
- Meet asset, employment, and residence requirements.
- Have a current nomination from a state or territory government.
- Have functional English.
- Meet health and character requirements.
3. Significant Investor Stream
For individuals who have made a AUD 5 million complying investment in Australia.
Processing Time: Not specified
Eligibility Criteria:
- Maintain a complying investment of AUD 5 million for 4 years.
- Hold a Subclass 188 (Significant Investor stream) visa.
- Meet business, investment, and residence requirements.
- Have a current nomination from a state or territory government.
- Have functional English.
- Meet health and character requirements.
4. Premium Investor Stream
For individuals who have held a Subclass 188 (Premium Investor stream) visa and made a AUD 15 million complying investment.
Processing Time: Not specified
Eligibility Criteria:
- Maintain the complying investment of AUD 15 million during the provisional visa period.
- Hold a Subclass 188 (Premium Investor stream) visa for 12 months.
- Obtain a nomination from Austrade.
- Have functional English.
- Meet health and character requirements.
5. Entrepreneur Stream
For individuals who have engaged in entrepreneurial activities under the Entrepreneur stream of Subclass 188.
Processing Time: Not specified
Eligibility Criteria:
- Hold a Subclass 188 (Entrepreneur stream) visa for 4 years.
- Demonstrate a successful record of entrepreneurial activities.
- Maintain a current nomination from a state or territory government.
- Have functional English.
- Meet health and character requirements.
Key Benefits of Subclass 888 Visa
- Permanent residency in Australia.
- Unrestricted work and business rights.
- Access to Medicare, Australia’s public healthcare system.
- The ability to include eligible family members in the application.
- A pathway to Australian citizenship (if eligible).
- Freedom to travel to and from Australia.
Why Choose CG Migration Services?
At CG Migration Services, we:
- Provide expert guidance throughout your transition from Subclass 188 to Subclass 888.
- Assist with state or territory nominations.
- Ensure your documentation and applications are error-free.
- Keep you updated with policy changes and processing timelines.
Start Your Journey to Permanent Residency
Contact Us
Get a Call Back
CG Migration Offices
- HWT Tower, Level 6, Suite 614/40 City Rd, Southbank VIC 3006, Australia
- info@cgms.com.au
- +61 450 409 940