Business Innovation and Investment (Permanent) visa

Are you a successful entrepreneur, investor, or business owner currently living in Australia on a Subclass 188 visa? If you are ready to make Australia your permanent home and continue contributing to its dynamic economy, the Business Innovation and Investment (Permanent) visa – Subclass 888 is your ideal pathway.

At Cross Border Education, we specialize in helping ambitious individuals like you immigrate to Australia permanently by transitioning from the Subclass 188 visa to the Subclass 888 visa. With our in-depth expertise and personalized guidance, your Australian business journey doesn’t just stop, it evolves into a lifetime of opportunity.

What is the Subclass 888 Visa?

The Subclass 888 Visa is a permanent residency visa that allows holders of the provisional Business Innovation and Investment (Provisional) Visa – Subclass 188 to continue their business or investment activities in Australia indefinitely. 

It is a crucial step for those who have already established themselves in the country and wish to immigrate to Australia permanently. Unlike temporary visa subclasses, the Subclass 888 visa grants:

• Indefinite stay in Australia
• Work and study rights
• Access to Medicare and other government benefits
• Eligibility to sponsor family members
• Pathway to Australian citizenship

Streams Under the Subclass 888 Visa

The Subclass 888 visa includes six distinct streams, each catering to a specific type of business or investment activity:

1. Business Innovation Stream

This is for applicants who have operated a qualifying business in Australia under the Subclass 188 Business Innovation stream. The key requirements:

• Ownership and operation of one or more businesses in Australia for at least 2 years.
• Demonstrated business success (minimum turnover of AUD 300,000 in the last 12 months).
• Compliance with Australian business laws and obligations.

2. Investor Stream

This is for individuals who held a designated investment of AUD 1.5 million for four years in an Australian state or territory. The key requirements:

• Maintain investment in accordance with the 188 visa conditions.
• Spend at least 2 of the 4 years in Australia.

3. Significant Investor Stream

This is for those who invested at least AUD 5 million in significant investments in Australia. The key requirements:

• Continued investment in a combination of venture capital, growth private equity, and managed funds.
• No minimum residency requirement, but must have maintained substantial ties with Australia.

4. Premium Investor Stream

This is for those who were nominated by Austrade and invested at least AUD 15 million in premium investments. The key requirements:

• Active investment in Australian enterprises, philanthropic contributions, or other premium assets.
• Must demonstrate a genuine commitment to the Australian economy.

5. Entrepreneur Stream

This is for innovative individuals who have engaged in entrepreneurial activities in Australia under the Subclass 188 visa. The key requirements:

• Successful completion of an entrepreneur activity as agreed with a state/territory government.
• Demonstrated contribution to the Australian economy or innovation landscape.

6. Significant Business History Stream

This is for high-caliber business owners or part-owners with a history of success, transitioned from a Subclass 132 visa.

Subclass 888 Visa: General Eligibility Criteria

Although each stream has its unique conditions, there are some universal requirements you must meet:

• Hold a relevant Subclass 188 or Subclass 132 visa
• Fulfill the specific business or investment requirements of your stream
• Have not been involved in any unacceptable business or investment activity
• Meet health and character requirements
• Demonstrate a genuine commitment to continue business or investment activities in Australia
• Comply with Australian laws and visa obligations

Documents Required for Subclass 888 Visa

Depending on your stream, you may need to submit:

• Business Activity Statements (BAS)
• Australian business registration documents (ABN/ACN)
• Financial statements and tax returns
• Proof of investment (contracts, bank statements, managed fund documents)
• Evidence of job creation for Australian citizens or PR holders
• Residential proof in Australia
• Proof of asset ownership and valuation

At Cross Border Education, we help organize and verify every required document to ensure zero errors and faster processing.

Subclass 888 Visa Application Process

Here is how Cross Border Education helps you secure your permanent residency:

Step 1: Initial Consultation
We assess your current visa status, stream requirements, business/investment performance, and eligibility.

Step 2: Document Review & Compilation
Our visa experts assist you in gathering all the necessary documents with absolute accuracy and in the required format.

Step 3: Lodgement of Nomination
We coordinate with the nominating state or territory government for your endorsement and prepare a strong submission.

Step 4: Visa Application Submission
Once nominated, we file your Subclass 888 application with the Department of Home Affairs and stay in touch with immigration authorities for updates.

Step 5: Post-Submission Support
We keep you informed throughout the decision-making process and offer support in responding to any additional document requests.

Why Choose Cross-Border Education?

Cross Border Education, the Best Australian PR Consultant in India, has earned the trust of thousands of clients who sought to immigrate to Australia through business and investment pathways.

• Expertise Across All Streams: From innovation to investment, we understand the nitty-gritty of each stream under Subclass 888.
• Dedicated Visa Consultants: Get personalized attention and strategic guidance for your case.
• High Success Rates: Our comprehensive approach ensures stronger, error-free applications.
• Global Clientele: We help clients from all over the world navigate their move to Australia.

The Subclass 888 Visa is your key to building a secure, successful future in one of the world’s most stable and prosperous economies. With Cross Border Education by your side, your transition is seamless, stress-free, and successful.

Conclusion

The Subclass 888 Visa is a permanent residency visa for individuals who have held a Subclass 188 (provisional) visa and have successfully managed a business or investment in Australia. It offers a long-term opportunity to immigrate to Australia and continue contributing to its economy.

The visa includes six streams such as Business Innovation, Investor, Significant Investor, Premium Investor, Entrepreneur, and Significant Business History, each with specific eligibility criteria based on business activity, investment amount, and duration of stay.

Applicants must show genuine commitment, meet financial or entrepreneurial performance standards, and have a clean record of compliance with Australian laws. Cross Border Education supports applicants at every stage.