888 Business Innovation and Investment (Permanent) Visa
888 Business Innovation and Investment (Permanent) Visa
Eligibility Criteria of 888 Visa
- Lived in Australia on a subclass 188 visa for at least 12 months in the 2 years prior to application
- Minimum 1 years of business in Australia annual turnover of at least $300,000
- A net value of business assets of at least $200 000 in your nominated main business (or two main businesses) in Australia
- Personal and business wealth in Australia of at least $600,000
- Hire at least two full-time Australian employees in your Australian business
888 Visa Features
Under this visa
- Stay in Australia permanently
- Owning and Running a Business in Australia (Business innovation Stream)
- Business and investment activities in Australia (investor stream, significant investor stream, and premium investor stream)
Invest with Confidence: Apply for the 888 Visa
Who can apply for this subclass 888 visa?
It is a government permanent residence permit for entrepreneurs, investors, and entrepreneurs. This is the final step in the two-step path to eternal life.
Business Innovation Stream
Investor stream
This visa lets you continue your investment activities in Australia permanently. You must apply online, must have subclass 188 in the investor section, there must be a fixed investment of $1.5 million for four years.
Significant investor stream
This visa lets you continue your investment activities in Australia permanently. You must apply online. A significant investor series or significant investor extension must hold a subclass 188 visa, it should be a total investment of 5 million over 4 years.
Premium investor stream
This visa lets you continue your investment activities in Australia permanently. You must apply online. you must have held a subclass 188 visa in the Premium Investor stream for 12 months, it should be a total investment of 15 million.
Entrepreneur stream
You must have a subclass 188 visa for 4 years of business, stay in Australia for at least 2 years to get the visa, hold a subclass 188 visa and demonstrate successful business operations in Australia.
Take the Final Step Towards Permanent Settlement: Get Your 888 Visa Today!
FAQs
What are the main streams of the 888 Visa?
The main streams are Business Innovation, Investor, and Significant Investor.
Are you required to meet health and character requirements?
Yes, both you and your family members must meet health and character requirements.
What is the 888 Business Innovation and Investment (Permanent) Visa?
It’s a permanent visa for people who hold a provisional Business Innovation and Investment (subclass 188) visa and have met its requirements.
Is there an English language requirement for the 888 Visa?
No, there is no English language requirement for this visa.
Who is eligible for the 888 Visa?
You must hold a subclass 188 visa, meet the requirements of your specific stream, and demonstrate a successful business or investment history in Australia.
