The Business Innovation and Investment Visa Sub 888 is a special Australian visa for business owners, entrepreneurs, and investors. It allows them to remain in Australia to pursue innovation or investment opportunities in the country. The visa also helps Australia to attract global talent and foreign investment into the nation’s economy.
Under this visa, individuals can work temporarily or permanently, depending on their category. The most common categories are Business Innovation Stream (for business owners) and Investor Stream (for investors). Each of these categories has specific requirements that must be met for an application to succeed. These include having a proven track record of success in their respective fields and providing evidence of financial capacity and English language proficiency.
Once approved, applicants may apply for permanent residency after four years if they meet certain criteria, such as maintaining the required level of business activity or investment funds within Australia.
There are 5 streams of Business Innovation and Investment visa (subclass 888)
- Business Innovation stream
- Investor stream
- Significant Investor stream
- Premium investor stream
- Entrepreneur stream
Business Innovation stream
The Business Innovation stream or the Investor stream are two options available under this visa, allowing applicants to choose the path best suited for their individual circumstances.
The Business Innovation stream aims to encourage entrepreneurs with an established history of innovation, investment, and success in running businesses to come to Australia. This pathway encourages individuals who have strong ideas for creating new products or services within an Australian market and can demonstrate that these concepts are financially viable by providing evidence of funding arrangements or investor interest from third parties.
Australia is an ideal destination for those looking to make a long-term commitment to the country. The Australian Government offers a range of opportunities and options for people willing to stay in Australia permanently, work, and study in this beautiful land, Down Under.
For students, enrolling in Australia’s public health care scheme, Medicare, can help them access subsidized or free medical care during their time here. As well as working and studying opportunities, permanent residency status also allows individuals to sponsor their relatives to come to Australia too.
The Business Innovation stream is designed specifically for business people who are seeking to establish a new or existing business in Australia on a permanent basis. This program promotes economic growth by providing pathways for successful applicants that will allow them to run their businesses while living in Australia permanently.
Requirements for (sub 888)
Are you an eligible visa holder interested in applying for a Business Innovation and Investment (sub 888) (Permanent) visa? There are certain requirements that must be met before applying.
First, you must hold a subclass 188 in the business innovation stream, a sub 444 visa, or certain holders of sub 457 visas. These visas allow their holders to remain in Australia temporarily while they establish and manage their Australian businesses. Additionally, applicants need to have held at least one of these visas for at least two years prior to lodging the application.
Furthermore, applicants must also demonstrate that they have complied with the conditions attached to their temporary residence visas and that they have been actively involved in establishing and running a business activity.
Processing Time
- 25% of applications: 26 Months
- 50% of applications: 27 Months
- 75% of applications: 29 Months
- 90% of applications: 31 Months
Costs
In order to apply, all applicants must pay a fee of AUD 3,025 for the main applicant. Furthermore, there is an additional charge applied for each additional family member who applies with you. All applicants aged 18 years or older must also pay this fee in full before their application is accepted and processed by the Department of Home Affairs.
Investor stream
The Investor Stream visa is a permanent residency option for those wishing to move to Australia. This visa allows applicants to work and study in the country, as well as enrol in Australia’s public health care scheme, Medicare. The visa can be particularly beneficial for investors and entrepreneurs looking to start a business or invest in Australian assets.
The process of applying for an Investor Stream visa can involve an assessment of your investment history, financial resources, income levels, and other factors. The eligibility criteria will vary depending on whether you are applying as a single applicant or with family members. Those who are successful in their application may be able to benefit from additional services, such as having their family members sponsored by the Department of Immigration and Border Protection (DIBP).
For those looking to take advantage of the Investor Stream visa, it is important to research your options fully before submitting an application.
Requirements
Business Innovation and Investment (sub 888) (Permanent) is a visa pathway for businesses and investors who have the desire to become permanent residents. It allows people to stay in Australia permanently if they meet certain criteria. To be eligible, applicants must apply online and hold a subclass 188 visa in the investor stream. Additionally, applicants must have held a designated investment of at least AUD 1.5 million for four years or more prior to their application date.
Successful applicants will be able to enjoy numerous benefits that come with holding this permanent visa status, including having unrestricted work rights in Australia, along with permission to travel overseas as much as desired within five years from the initial grant of the visa. Additionally, this pathway can provide an opportunity for family members included on the application also to receive permanent residence status.
Cost
The cost of this visa consists of two parts. The main applicant will need to pay AUD 3,025, while each family member applying with them will incur additional charges. Any applicants aged 18 and over must also pay an additional fee related to health services access in Australia.
This is a great opportunity for those interested in making a tangible contribution to the Australian economy while gaining permanent residency status. With its commitment to offering opportunities for people from all over the world, the Investor stream visa may be just what you need to bring your ambitions to life.
Significant Investor stream
The Australian Government offers a Significant Investor stream visa as an option for those looking to stay in Australia on a permanent basis. This visa provides applicants with the opportunity to work and study in Australia and enrol in Australia’s public health care scheme, Medicare. In addition, it gives them a chance to sponsor others, including family members.
This visa is ideal for business people, investors, or wealthy individuals who are looking for opportunities to live and do business in Australia permanently. It also allows holders of this visa to take advantage of the country’s investment environment by investing funds into government-approved investments over a four-year period. Furthermore, special provisions are available for high-net-worth individuals that allow them access to priority processing times and personalized support from government officials.
Requirements
The Significant Investor stream of the Subclass 888 visa is one of the most sought-after visas in Australia. It offers eligible investors a range of benefits and opportunities but also imposes certain obligations that must be met in order to maintain a valid visa status.
To qualify for the Subclass 888 visa under the Significant Investor stream, applicants must meet specific criteria and apply online through an approved body such as an Australian State or Territory government agency. Applicants must also demonstrate that they have access to at least AUD 5 million in net tangible assets, which can include cash, business assets, and/or real estate investments. Once approved, applicants must hold this visa for at least 8 years before applying for permanent residency.
Additionally, Significant Investor stream holders must invest their funds into complying investments within set timeframes from when their application is granted.
Processing Time
- 25% of applications: 26 Months
- 50% of applications: 27 Months
- 75% of applications: 30 Months
- 90% of applications: 34 Months
Costs
From AUD3,025
Premium investor stream
The Premium Investor Stream is a visa option available to those looking to settle permanently in Australia. This visa is ideal for those who want to live and work in the country, as well as study and enrol in Medicare, Australia’s public health care scheme. It also allows people to sponsor others, providing more opportunities for migration.
Those interested in applying for this visa must be able to demonstrate that they have significant financial assets and business skills that could contribute positively to the Australian economy.
If you are looking for an opportunity to make a permanent move Down Under, the Premium Investor Stream may be just what you’re after!
Requirements
Applicants must also meet certain age requirements and English language proficiency standards. They will also need to provide evidence of their investment plans or current investments made within the last 12 months with a minimum value of AUD$ 15 million dollars. To apply for this visa, applicants must have certain qualifications, including having held a subclass 188 visa for 12 months through the Premium Investor Stream and having held a complying investment for at least 12 months.
Applicants who meet these requirements should be aware that they will need to submit their applications online in order to proceed with the process. Additionally, they should make sure they have all necessary documentation prepared, such as proof of residence, financial documents, and other particulars, before submitting their application.
It’s important to remember that each applicant is assessed on an individual basis, and meeting the criteria does not guarantee approval. However, by following these steps, you can increase your chances of success when applying for the Premium Investor Stream visa program.
Cost
From AUD3,025
Entrepreneur stream
Are you a budding entrepreneur looking for a place to settle down and pursue your business goals? Australia’s Entrepreneur Stream provides the perfect opportunity. This visa allows you to stay in Australia permanently, work, study and even enrol in Medicare, the country’s public health care scheme. You can also sponsor family members who wish to join you on this exciting journey.
The Australian Government has put together an attractive package that addresses all needs of entrepreneurs who want to make their dream of starting a business Down Under come true. With this visa, holders will be able to stay in the country indefinitely. At the same time, they take advantage of excellent educational opportunities as well as amazing shopping and recreational options available across different states. Moreover, healthcare is not a hassle because of the Government’s generous offer to cover medical expenses under Medicare.
Requirements
The Entrepreneur stream of the Subclass 888 visa is a popular pathway for foreign investors and business owners who wish to live and work in Australia. To be eligible, applicants must have held a subclass 188 visa in the Entrepreneur stream for at least four years and must have resided in Australia for at least two of those years.
Successful applicants can stay permanently as Australian residents, with access to healthcare services, education opportunities, and full working rights. The visa also provides pathways to citizenship after 12 months if certain criteria are met. This makes it an attractive option for long-term migrants looking to start businesses or invest in Australia’s economy.
Applicants should consider their eligibility carefully before applying; they should have access to adequate funds, sound entrepreneurial skills, and a genuine commitment to their proposed business activities in Australia.
Cost
From AUD3,025
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