Business Visa
The Business Innovation and Investment (Permanent) visa (subclass 888) allows eligible business owners, investors, and entrepreneurs to continue their business or investment activities in Australia permanently. It provides a pathway to permanent residency, enabling holders to live, work, and study in Australia, as well as sponsor family members and apply for citizenship if eligible.
Stay
Permanent
Business Innovation and Investment (Permanent) visa (subclass 888)
- Business Innovation stream
he Business Innovation stream (subclass 888) is for successful business owners who want to continue managing and growing their business in Australia permanently, providing a pathway to residency and long-term opportunities.
Requirements
- Hold, or in certain cases must have held a Business Innovation and Investment (Provisional) visa in the Business Innovation stream, a Business Innovation and Investment (Provisional) visa in the Business Innovation Extension stream, a Special Category visa, or, in some cases, a subclass 457 visa.
- Meet certain business requirements.
- Have a current nomination from an Australian state or territory government agency.
With this visa you can
- Continue your business activities that you may have started under your Business Innovation and Investment (Provisional) visa.
- Stay in Australia permanently.
- Work and study in Australia.
- Investor stream
The Investor stream (subclass 888) is for people who have held a designated investment in Australia and want to continue their investment activities while gaining permanent residency.
Requirements
- Hold, or, in some cases, must have held, a Business Innovation and Investment (Provisional) visa (subclass 188) in the Investor stream.
- Meet certain investment requirements related to your provisional visa.
- Have a current nomination from an Australian state or territory.
With this visa you can
- Continue your investment activities started under your Business Innovation and Investment (Provisional) visa.
- Stay in Australia permanently.
- Work and study in Australia.
Processing times
For an indication of processing times for this visa, use the visa processing time guide tool.