Home Business Visas Business Innovation and Investment (Permanent) visa - Subclass 888 Business Innovation and Investment (Permanent) visa (subclass 888) – Significant Investor stream

Business Innovation and Investment (Permanent) visa (subclass 888) - Significant Investor stream

Government fee

From

$3,400 AUD

You won’t be charged yet.
Cost shown is exclusive of taxes and other associated fees

Processing time

31 - 41 months

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Business Innovation and Investment (Permanent) visa (subclass 888) - Significant Investor stream offers

Live & work freely in Australia

You have the freedom to live and work anywhere in Australia without restrictions.

Indefinite residency

Your 5-year visa can be renewed an unlimited number of times.

Family support

Sponsorship is available for eligible family members.

Medicare benefits

Eligible for comprehensive health coverage through Medicare.

Homeownership assistance

Eligible for a $10,000 first home owners grant.

Higher education funding

Access financial aid through Higher Education Loans Program (HELP).

A clear path to citizenship

After 4 years of residency, you can become an Australian citizen.

Citizenship for children

Children of permanent residents are automatically citizens.

Business Innovation and Investment (Permanent) visa (subclass 888) - Significant Investor stream Eligibility Criteria

This visa is currently closed to new applicants.

To be eligible for the Business Innovation and Investment (Permanent) visa (subclass 888) – Significant Investor stream, you must meet the following requirements:

Hold, or have held in some cases, a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream or Significant Investor Extension stream
Meet certain investment requirements related to your provisional visa
Have a current nomination from an Australian state or territory
Hold a complying significant investment or have held a designated investment for a certain period of time
Meet the residence requirement
Not have been involved in unacceptable business or investment activities
Have a realistic commitment to continuing business or investment activities
Follow Australian laws
Have functional English
Meet the health and character requirements
Sign the Australian values statement
Have no debt to the Australian government
Not have had a visa cancelled or a previous application refused

Business Innovation and Investment (Permanent) visa (subclass 888) - Significant Investor stream Application Process

This visa is currently closed to new applicants. To explore other visa options and determine your eligibility, book a consultation with a registered migration agent today.

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Business Innovation and Investment (Permanent) visa (subclass 888) - Significant Investor stream