This visa allows you to:
You must:
Permanently
Last updated 16 February 2018 (for month ending 31 January 2018)
Processing times vary.
For more information read Global visa and citizenship processing times
You must meet our health requirement.
You must meet our character requirement.
You must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government before this visa can be granted.
This also applies to all members of the family unit listed in your application whether they are migrating or not.
for at least one year in the two years immediately before you apply.
In addition, you must be able to show ongoing business involvement, meet certain financial requirements, and have a history of employing Australian workers.
If you are applying for this visa in the Investor stream, you must have been in Australia and held your provisional visa in the Investor stream for at least two of the four years immediately before you apply.
In addition, you (or you and your partner combined) must have held a designated investment with an Australian state or territory for at least four years.
If you applied for your provisional visa (subclass 188) in the Investor stream prior to 1 July 2015, you are eligible to apply for a subclass 888 visa after holding your provisional visa for 3 years and 11 months. If you applied for your provisional visa after 1 July 2015, you are required to hold your provisional visa for at least 4 years prior to applying for a subclass 888 visa.
You must have been in Australia as the holder of a provisional visa (subclass 188) in the Significant Investor stream or the Significant Investor extension stream for at least 40 days per year (calculated cumulatively) for the period of time you have held your provisional visa(s), or your spouse has been in Australia for at least 180 days per year (calculated cumulatively) on the basis of the period of time the primary applicant has held their provisional visa(s).
If you applied for your provisional visa (subclass 188) in the Significant Investor stream prior to 1 July 2015, you are eligible to apply for a subclass 888 visa after holding your provisional visa for 3 years and 11 months. If you applied for your provisional visa after 1 July 2015, you are required to hold your provisional visa for at least 4 years prior to applying for a subclass 888 visa.
If you are applying for a permanent visa (subclass 888) in the Premium Investor stream, you must have held a provisional visa (subclass 188) in the Premium Investor stream at the time of application and be nominated by the Commonwealth government.
You must have held your provisional visa for a minimum of 1 year.
You (or you and your partner combined) must have held complying premium investments continuously for at least 1 year, and for the entire time you have held your Business Innovation and Investment (Provisional) visa (subclass 188).
If you are applying for this visa in the Entrepreneur stream, you must have been in Australia and held your provisional visa in the Entrepreneur stream for a continuous period of at least four years immediately before you apply.
In addition, you must be able to demonstrate a successful record of entrepreneurial activities in Australia.
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 or be invited to apply for this visa. You need to be nominated by a state or territory government agency or Austrade on behalf of the Australian government if you are seeking to satisfy the primary criteria.
If you are the holder of a provisional Business Innovation and Investment visa (subclass 188) you should provide evidence that the government entity which nominated you for that visa has not withdrawn the nomination.
you are the holder of a Special Category visa (subclass 444), or require nomination from a different nominator than your provisional Business Innovation and Investment visa (subclass 188) you are required to obtain nomination from a state or territory or Austrade on behalf of the Australian government before you lodge an application for this visa.
You can provide evidence of your nomination by completing form 1414.
The Business Innovation and Investment (Permanent) visa (subclass 888) allows you to manage your business and investments in Australia.
From AUD 2350
You might have to pay other costs, such as the costs of health assessments, police certificates, or any other certificates or tests. You are responsible for making the necessary arrangements.
Use the Visa pricing estimator to estimate the cost of your application.
Visa pricing estimator
Note: The estimator does not calculate additional costs.
You can be in or outside Australia when you apply for the visa and when a decision is made.
This is a permanent residence visa.
For detailed information regarding who you can include in your application see including family members in your application.
The application must include documentary evidence of their relationship to you.
If you include your de facto partner in your application, the relationship must have existed for at least 12 months immediately before the date you lodge your application.
If members of your family unit want to join you later in Australia, they must apply for a separate visa as appropriate to their circumstances.
You and your family must comply with all visa conditions and Australian laws.
You need a valid passport or other travel document for this visa. If you plan to get a new passport, you should do so before applying for your visa.
If you get a new passport after you have lodged your application, give the details of your new passport to one of our offices.
Applicant documents
You can also contact your case officer in the department for advice on your individual circumstances.
A one-page summary of your proposed business or investment intentions in Australia in the long-term.
Notice of or report from any investigation into the Australian business or investment operating environment.
Evidence of compliance with the laws of the Commonwealth, and of the state or territory in which you operate your business.
Provide one of the following:
Business documents
Business ownership
Management
Taxation
Financial documents
Evidence of employees (if applicable)
Net assets
Designated investment
Business or investment record and history
Evidence of residence
Provide the documents in this section only if you are applying for this visa under the Significant Investor stream.
Note: the rules that were in force at the time that you applied for your provisional Significant Investor visa will continue to apply for the duration of your provisional visa, including any Extension stream visas you apply for that relate to that provisional visa.
Investment documents
Complying Significant Investments for provisional applications made after 1 July 2015
Complying Investments for provisional applications made prior to 1 July 2015
Overview of your entrepreneur activities in Australia.
Provide a short summary (no more than two pages) of your Australian entrepreneur activities
Provide evidence of your successful record of entrepreneurial activity
If you don’t have an ImmiAccount, you need to create one.
If you have an ImmiAccount, start application
If you apply for this visa while you are in Australia, you might be eligible for a Bridging visa that allows you to stay in the country lawfully while your application is processed. You should apply for a Bridging visa B (BVB) if you want to travel outside Australia while you are waiting for a decision.
More information is available about bridging visas.
If you did not have health checks before you applied, you will need to have them when we tell you to.
More information is available about our health requirement.
If you did not include all documents when you applied, send them as soon as you can. We might also ask you to provide more information.
Send more information via your ImmiAccount.
Tell us if there are changes to your circumstances before you are granted the visa.
Tell us if there are any mistakes in your application.
Complete Form 1023 - Notification of incorrect answer(s) (99KB PDF).
You can withdraw your visa application at any time before we make a decision.
Complete Form 1446 - Withdrawal of a visa application (375KB PDF).
Your request must include your full name and date of birth. Include the number we gave you when you applied, if you know it - this could be a file reference number, client ID, or a Transaction Reference Number.
