The Business Innovation and Investment Visa subclass 888 is for applicants who are seeking to obtain permanent residency in Australia due to their business or investment credentials.
The subclass visa 888 is for applicants who held a visa subclass 188 and have got nomination from a state or territory.
Who can apply for a Business Innovation and Investment Visa subclass 888?
The Business Innovation and Investment visa subclass 888 has three streams:
- The business innovation stream – where you have owned and managed a business in Australia and meet certain business threshold requirements.
- The investor stream—where you have had a designated investment in an Australian state or territory and want to continue the business and/or investment activity in Australia after the original investment has matured.
- The significant investor stream— where you have invested at least $5 million into complying investments in Australia and want to continue the business and/or investment activity in Australia after the original investment has matured.
Criteria that must be met by applicants
Certain criteria must be met by the applicants for a Business Innovation and Investment Visa subclass 888. It includes one of the following:
- You are the primary visa holder of a provisional Business Innovation and Investment visa (subclass 188) and have met all the requirements of your provisional Business Innovation and Investment visa in the stream in which you first applied; or
- You hold a Special Category visa (subclass 444) or a Business (Long stay) visa (subclass 457IE) and have met the requirements of the business innovation stream.
- Other requirements depend on the stream in which you held your provisional Business Innovation and Investment visa (subclass 188).
- Health requirements – You must meet certain health requirements.
- Character requirements – You must meet certain character requirements.
Caution should be exercised in who provides you with advice. The simple golden rule is to only deal with licensed immigration agents.
In fact, it is illegal for individuals and companies in Australia providing immigration advice to not to be a licensed immigration agent. Unfortunately this is not always a requirement abroad, quite likely because it is too hard to govern. That said, there are licensed immigration agents in most countries and you should deal with them only.
Intergate Emigration has its own licensed immigration agent, Katrin Maja Maehl and you can view her registration details here.
Beware of those companies in your home country with a DIBP number. This is for administrative purposes only and does not indicate that an immigration agent is in any way licensed to provide advice. In short, if you can’t find the person and/or company here, do not use them.
Contacting Intergate Emigration
To find out more about the Business Innovation and Investment Visa subclass 888, you can call us on + 27 (0) 21 202 2800 or e-mail us here.