Business Innovation and Investment Permanent Visa (Subclass 888)

The Business Innovation and Investment Programme is designed to increase the number of business expertise in Australia. It is designed to target migrants with proven history of success in innovation and business and are able to make a significant contribution to the national innovation system and to the Australian economy.

The Business Innovation and Investment Programme is made up of three subclasses:

  • Business Talent Permanent Visa (Subclass 132)
  • Business Innovation and Investment (Provisional) Visa (Subclass 188)
  • Business Innovation and Investment (Permanent) Visa (Subclass 888).

Business Innovation and Investment Permanent Visa (Subclass 888)

This is a permanent is which allows you to continue to own and manage your business in Australia or

  • Continue your business and investment in Australia or
  • Continue your entrepreneurial activities in Australia.

To be eligible to apply for this visa you need to:

  • be nominated by relevant state or territory government;
  • hold relevant subclass 188 or 444 visa ;
  • have owned and operated your business in Australia for at least 2 years or
  • have invested in Australia $1.5 million for 4 years or
  • have invested in Australia $5 million for 4 years