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Planning to expand your business by obtaining a permanent residency visa? Then the Business Innovation and Investment (Permanent) visa Subclass 888 is your pathway to PR. For expert legal assistance on your 888 visa application, consult with immigration experts at Parish Patience. Book your appointment with one of our lawyers today!
If you hold a temporary business visa and wish to continue doing business and investments in Australia, you can apply for a permanent visa under subclass 888. Provided you meet all eligibility requirements, being a subclass 888 permanent visa holder allows you to:
For each stream there are specific financial requirements that applicants must meet. They are as follows.
Your annual business turnover must amount to no less than AUD 300,000 12 months before your actual application
You must have had at least AUD 2.5 million in a ‘complying significant investment’ since you were granted your provisional visa on/after 1 July 2021.
You must have held at least AUD 1.5 million in a ‘designated investment’ since you were granted your provisional visa before 1 July 2021.
You must have had at least A$5 million in a ‘complying significant investment’ since you were granted your temporary visa on/after 1 July 2021.
You must have had at least A$15 million in a ‘complying premium investment’ for the last 12 months as a holder of a temporary visa under this stream.
You must show proof of ‘key success factors’ such as an annual turnover of at least A$300,000 and employment of at least two Australian citizens/permanent residents.
The 888 visa will be your ticket to take that next step not only to make your business big but also grant permanent residency. It is specially meant for entrepreneurs and investors who have proven their success and commitment to their business in Australia.
So, who’s qualified for the 888 visa?
The 888 business visa lets you enjoy the benefits of permanent residency and grow your business further. You also contribute to Australia’s economy, so it is only right to reward entrepreneurs and enjoy the benefits as Australian citizens do.
Talk to one of our Visa Experts Now.
There are five streams under subclass 888 visa. In order to qualify and continue doing business and investor activities within Australia, you must satisfy the following basic requirements.
The base 888 business visa cost starts at AUD 3,400. Note that there will be additional charges for family members.
Seek a migration specialist’s help so you won’t get easily overwhelmed by the process and bulk of requirements. Here’s how an immigration lawyer at Parish Patience can handle it all for your peace of mind.
In order to fully understand your case and eligibility, we’ll have a meeting where we answer all your queries and ask you questions back to gauge if you qualify for and meet the conditions.
At this point, we’ll have a full-on assessment of your qualifications, including meeting the residency requirement, your business and investment activities, and other criteria.
Once it’s determined that you qualify and we’re confident that you will be granted an 888 visa, we’ll lodge your application.
After getting your visa, we’ll provide you with ongoing support to help you stay compliant with all Australian laws as a newly conferred permanent resident and 888 visa holder.
Why partner up with Parish Patience Immigration Lawyers, a Sydney-based immigration law firm?
Parish Patience has been in existence since 1888. We are among the most trusted and experienced team of experts that can guarantee success for your visa application.
We lost count of the visa applications we’ve lodged on our clients’ behalf nor how many PR dreams we’ve helped make come true.
Our long years of practice and continuous success as a law firm are because of our excellent and award-winning lawyers and registered migration agents.
We’re confident that our combined experience, expertise, and full dedication to client service will result in your complete satisfaction. That’s 100% guaranteed!
Talk to one of our Visa Experts Now.
Our customers are always happy to share their thoughts with us.
Here is what some of them have said!
The team at parish Patience Immigration Lawyers were incredibly helpful throughout the application process. Their assistance made our lives so much less stressful and their expertise cleared up any confusion we had. They remained engaged with us the whole time and quickly responded to any questions with thoughtful, detailed answers. Special thanks to Usman Ali and Shan . We highly recommend the team at Parish patience immigration lawyer for anyone considering help regarding any kind of visa .
Highly recommended lawyers! Extremely professional and reliable service, with outstanding outcomes. A special thanks to Mr Thong and Marlene, for helping us with our difficult case. Not only did they ensure that everything was ready to go, but their professionalism came in favor when we were granted our visa within just under 6 months!
Thong and Marlene helped my partner gain permanent residency in Australia. We did the application ourselves but it turned out lots of information we needed to provide was missing. Thong and Marlene picked our case up and helped amend it. I really appreciate their help and guidance and look forward to contacting them again in the future. I am pleased by their efforts and professionalism.
Successfully handled my case. He had been prompt, caring and very professional in dealing with my case. I am glad to have received very strong support, guidance and service from them. I would highly recommend Parish patience immigration lawyers. I wish the best for their future prospects.
I’m really thankful for the guidance and assistance I’ve received regarding my Partner visa from Shan and his assistance Asha at Parish Patience. They handled my matter professionally and there were clear instructions from the beginning till end. I got my partner visa 820 granted in less than 7 months, thanks to their knowledge and expertise. I wish them all the best and highly recommend Parish Patience Immigration Lawyers for any sort of immigration matters.
With over 135 years in law practice, you can trust Parish Patience and our team of excellent immigration lawyers to handle your student visa application. Whether you’re applying inside or outside Australia, we can help you better understand the intricacies of immigration law through our combined expertise and experience. Schedule a meeting with a Parish Patience lawyer today to get started!
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frequently asked questions about ENS 186 visa below.
Visa 888 Australia is a permanent residency visa that allows holders of a 188 visa (temporary) to continue doing business and investment activities in Australia on a permanent basis. It has five streams under it, including Business Innovation, Investor, Significant Investor, Premium Investor, and Entrepreneur.
Processing times differ per stream. Under the Business Innovation stream, for example, it generally takes 26 to 31 months. Processing time under the Significant Investor stream takes about 27 to 35 months. Note that these are always subject to change.
Factors such as the complexity of each individual case, volume of applications, and compliance of applicants in terms of what documents to submit all affect processing times. Consult with a migration professional for advice and stress-free visa processing.
Yes, an Australian visa 888 is the PR pathway for holders of a temporary business and investment visa under subclass 188.
If applying for a permanent visa 888 under the Investor stream, the minimum investment amount is A$2.5 million if you were granted your temporary investor visa on/after 1 July 2021, and at least A$1.5 million if you were granted your temporary investor visa before 1 July 2021.
