Business Innovation and Investment (Permanent) (subclass 888) visa
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 visa.
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 stream).
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 application AUD1960