Business Innovation and Investment (permanent) Visa (subclass 888)
The Business Innovation and Investment (Permanent) visa (subclass 888) lets eligible holders of provisional business/investment visas (and certain 444/457 holders) obtain Australian permanent residence to continue their business, investment, or entrepreneurship activities.
Subclass 888 is the permanent stage of Australia’s business and investment migration program. It provides a pathway to permanent residency for people who have held and met the requirements of the provisional subclass 188 visa in a corresponding stream (or, in limited cases, certain holders of subclass 444 or 457). Applicants must show they have maintained qualifying business ownership, investment, or entrepreneurial activity in Australia in line with their stream’s rules. Applications are lodged online, government fees start from AUD 3,500, and processing times vary use the Home Affairs processing time guide tool for an indication.
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Business Innovation and Investment Provisional Visa Subclass 188
The temporary visa for business owners, investors, and entrepreneurs to operate or invest in Australia; it closed to new applications on 31 July 2024, but existing applicants and current holders continue under stream rules and may progress to permanent residency via subclass 888.
Learn More →Business Talent Permanent Visa Subclass 132
The Business Talent (Permanent) visa (subclass 132) was a permanent residence visa for high-calibre business owners and venture-backed entrepreneurs to establish or develop a business in Australia; it closed to new applications on 1 July 2021, with pre-closure applications still processed under BIIP rules.
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