Business Innovation and Investment (Permanent) Visa (Subclass 888)
The Business Innovation and Investment (subclass 888) is a permanent residency visa for those who hold a four-year provisional subclass 188 visa and looking to continue to own and manage a business or an investment activity in Australia and Australian state or territory respectively.
Common Criteria
To be eligible for 888 visa, you must:
- Held a provisional Business Innovation and Investment visa (subclass 188) and met all the requirements of the stream you first applied OR
- Be the spouse or de facto partner of 188 visa in the investor or business innovation stream and be able to meet the primary requirements of permanent business innovation and investment visa in the relevant stream OR
- Held a Special Category visa (subclass 444) and met the requirements of business innovation stream
- Not have been involved or associated with any unacceptable business or investment activity
ADDITIONAL REQUIREMENTS:
- Hold a fine record of abiding by the laws of Commonwealth along with state or territory in which you operated a business or entrepreneurial activity
- Nomination by the Australian state or territory or by Austrade on behalf of the Australian government
- Evidence of meeting the health and character requirements for 188 visa
- Genuine commitment to maintain business or investment activity in Australia
- Met all the requirements of the stream in which you held your 188 visa
- Must be free from any outstanding debts to the Australian government (this also applies to all the members of family unit)
- You must enter in Australia by a specified date once you are granted this visa
- Any family member included as dependent in the application must not marry or be in a de facto relationship before entering in Australia
Visa Streams
Business Innovation Stream
- Hold a business innovation and investment visa (subclass 188) in the business innovation or business innovation extension stream OR
- Hold a special category visa (subclass 444) for at least 1 of 2 years prior to making an application
- Be able to demonstrate ongoing business involvement, meet certain financial requirements and a history of employing Australian workers
Investor Stream
- Have held 188 visa in the investor for at least 2 of the 4 years prior making to application
- Have maintained a designated investment with an Australian state or territory for at least 4 years
Note: If you have applied for 188 visa before 1 July 2015, you can only apply for 888 visa under this stream once you have completed 3 years on your 188 visa.
If you have applied for 188 visa after 1 July 2015, you are required to hold your visa for at least 4 years prior lodging an application for 888 visa.
Significant Investor Stream
- Have held 188 visa in the significant investor stream or significant investor extension stream
- Held complying investment consistently for at least 4 years on your 188 visa
- Operated a qualifying business under the private Australian company
Note: If you have applied for 188 visa in the significant investor stream before 1 July 2015, you must have held your visa for 3 years and 11 months to be eligible to apply for 888 visa. If you have applied after 1 July 2015, you are required to have held your 188 visa for at least 4 years.
Premium Investor Stream
- Held 188 visa in the premium investor stream for at least 1 year and be nominated by the commonwealth government
- Held complying premium investment continuously for at least 1 year
Entrepreneur Stream
- Have held your provisional 188 visa in the entrepreneur stream for at least 4 years prior making an application
- Have evidence that demonstrate a successful record of your entrepreneurial activities in Australia
Need assistance to check your eligibility for the visa or want us to help you proceed with the application, book your consultation today!
Visa Class
Business Visa
Australian Business visa program provides potential immigrants an opportunity of either investing, establishing or managing business in Australia….
Planning To Study Abroad?
Our expert counselors are here to guide you to find the best educational experience and international exposure.
FAQs About Temporary Work (Short Stay Specialist) Subclass 400 Visa
The Temporary Activity Visa (Subclass 400) is a type of visa that allows individuals to visit Australia for a temporary period to participate in specific activities, such as short-term work, cultural or sporting events, and other non-ongoing activities.
The Subclass 400 visa is available to individuals who are invited or required to participate in a specific short-term activity in Australia, such as skilled work, research, or an event, and meet the necessary health and character requirements.
The duration of your stay on a Subclass 400 visa depends on the purpose of your visit and the specific activities you will engage in. It can vary from a few days to a few months, as specified in your visa grant.
Generally, the Subclass 400 visa is granted for the duration required to complete the intended activity. Extensions are limited and granted only in exceptional circumstances.
Yes, you can work in Australia if the purpose of your visit requires you to undertake short-term, non-ongoing work. However, you cannot work for more than 6 months under this visa subclass.
To apply for a Subclass 400 visa, you need to submit an online application through the Australian immigration website. You will need to provide necessary documentation, including details about the activity, your passport, health insurance, and other supporting documents.
Processing times for the Subclass 400 visa can vary based on individual circumstances, the completeness of your application, and other factors. It’s recommended to apply well in advance of your intended travel dates.
Yes, health insurance is a mandatory requirement for all Subclass 400 visa holders. You must have adequate health insurance coverage for the duration of your stay in Australia.
Family members cannot be included in a Subclass 400 visa application. They will need to apply for their own appropriate visa if they wish to accompany you to Australia.
A limited study may be allowed if it is directly related to the purpose of your visit. However, if your main purpose is to study, you should consider applying for a different visa subclass designed for studying in Australia.
The cost starts from AUD 405 (except in limited circumstances). The cost of a Subclass 400 visa application varies depending on factors such as the purpose of your visit and your country of origin. It’s best to check the current visa application charges on the official Australian immigration website.
Yes, you can travel in and out of Australia multiple times on a Subclass 400 visa, as long as it is within the validity period of your visa.
There is no strict limit to the number of times you can apply for a Subclass 400 visa. However, it’s important to demonstrate genuine temporary-stay intentions each time you apply to avoid potential issues.
The Subclass 400 visa is a temporary visa and does not directly lead to permanent residency. If you are interested in pursuing permanent residency in Australia, you should explore other visa options that align with your long-term goals. Get in touch with us to know more about other visa options.
