The Business Innovation and Investment (Permanent) visa (subclass 888) allows you to manage your business and investments in Australia.
This is a permanent residence visa. It lets you and any family members who have also been granted this visa:
sponsor eligible relatives for permanent residence travel to and from Australia for five years from the date the visa is granted (after that time, you will need a resident return visa or another visa to return to Australia).
Subclass 888 – Business Innovation Visa – Residency requirements
Applicants for Subclass 888 visas must usually have been physically present in Australia for a least 1 year in the 2 years immediately before they apply.
During the COVID concession period which commenced on 1 February 2020, time spent overseas may be counted as being time spent in Australia if the applicant held one of the following visas:
The first visa in the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream must have been granted on or before 30 June 2019.
Eligibility for Permanent Residence – Subclass 888A
To qualify for a permanent subclass 888 visa, you would need to meet the following criteria:
Eligibility for Permanent Residence – Subclass 888B
To qualify for the permanent subclass 888 visa, applicants need to meet the following criteria:
Eligibility for Permanent Residence – Subclass 888C
Eligibility for Permanent Residence – Subclass 888E
If you need to apply for a visa and want the process as smooth of an experience possible, talk with one our Migration Experts. Alongside their expert knowledge about migration laws they will make sure your application goes through quickly so that all eyes can stay on what really matters you.
You can be confident in your decision to get assistance from Parish Patience as an immigration lawyer. Our team of experts will provide you with the best service and advice possible for all visa needs, so don’t hesitate any longer!