This visa enables you to carry out business management, investment, and entrepreneurial activities in Australia.
You can be qualified to apply for the Business Innovation and Investment (Permanent) visa, subclass 888, after three years on a Business Innovation and Investment (Provisional) subclass 188 visa. This program offers four different visa streams.
Four streams are available to candidates for this visa:
1 – Business Innovation stream: Successful business people want to expand their operations in South Australia.
2 – Investor Stream: Successful business people or investors are ready to fund a compliant investment fund for the period of the provisional visa with AUD$2.5 million (or AUD$3.75 million if they are over 55 years old) and maintain it.
3 – Significant Investor Stream: Those prepared to make a $5 million AUD investment into a qualified investment fund throughout the validity of the provisional visa.
4 – Entrepreneur Stream: Individuals who a chosen service provider supports to engage in an entrepreneurial activity that complies with regulations and is intended to either result in the commercialization of a good or service in South Australia or the growth of a business there.
– Create a new business, expand an existing one, invest in Australia, work with an Australian state or territory government to make a designated investment, or create and maintain compliant investments there.
– With your visa, you can enter and exit Australia.
– Apply for a Business Innovation and Investment (Permanent) Visa (subclass 888) to obtain permanent residence.
– Bring your family to Australia
Those with proven experience in the business world and a desire to develop, lead, or expand a cutting-edge enterprise in Australia may qualify for a provisional visa. Are you one of those? Get in touch with us to benefit from our expert support.
This visa enables those who have a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, as well as those who have a subclass 444 (Special Category) visa and certain subclass 457 (Business (Long Stay) visa holders, to stay in Australia permanently.
The Business Innovation and Investment (Permanent) Visa (subclass 888) is available to individuals who hold a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or Business Innovation Extension stream, as well as certain holders of subclass 444 (Special Category) and subclass 457 (Business (Long Stay)) visas. These visa holders must meet specific requirements related to their business activities and investments in Australia.
To transition to a permanent subclass 888 visa, holders of a provisional subclass 188 visa must demonstrate that they have successfully operated their business, met specific investment criteria, and fulfilled the minimum time requirement for their business activities in Australia. Additional documentation showing the success and sustainability of the business or investment may also be required.
At Royal Migration, we understand the complexities of Australia immigration. Our team is dedicated to providing clear, accurate, and up-to-date information to help you achieve your goals in Australia. Browse through our comprehensive FAQs below for quick answers and valuable insights. If you need further assistance, don’t hesitate to contact our experts for personalized guidance.
For Vocational English, you must have an IELTS overall score of 5 (with a minimum of 5 in each component), and for Proficient English, you must receive an overall score of 7 (with a minimum of 7 in each component).
Complying investments are managed funds that are governed by the Australian Securities and Investment Commission (ASIC), federal, state or territory government bonds, and direct investments into proprietary enterprises. The applicant must show that they are eligible for the visa by holding investment in one of these alternatives.
It is not possible to extend the premium investor visa. This stream has four years, three months duration. However, in order to obtain an extension of stay, one may apply for a permanent premium investor visa (subclass 888) once your 12-month provisional premium investor visa has expired.
An Expression of Interest must be submitted to the Department of Immigration together with sponsorship from the State or Territory government in order to be considered for an 188 visa. The Department issues the invitation within a few days of receiving confirmation of the sponsorship. The length of time it takes to complete your visa after that depends on a few factors unique to your application.
