The Business Innovation and Investment (Permanent)
visa (subclass 888) is the second stage of the Business Innovation and
Investment (Provisional) visa (subclass 188). You can apply for it after
you have fulfilled the requirements of your provisional visa.
You do not need to submit a new Expression of Interest to apply for this
The visa has two streams:
The Business Innovation stream
is for people who own and manage a business in Australia
The Investor stream is for people
who have a designated investment in an Australian state or territory
and want to maintain business and/or investment activity in Australia
after the original investment has matured.
The Significant Investor stream
is for people who are willing to maintain business and investment activity
in Australia after the original complying investment has matured.
About this visa
This visa allows you to:
Continue to own and manage a business
in Australia (the Business Innovation stream)
Continue business and investment
activity in Australia (the Investor stream and theSignificant Investor
Who can apply?
You can apply for this visa if you:
Hold a provisional Business Innovation
and Investment visa (subclass 188)
Have met the requirements of that
visa in the stream in which you first applied
Are nominated by a state or territory.
The minimum charge for this visa