Australia Business Innovation and Investment 888 Visa (Permanent)
The Business Innovation and Investment 888 Visa is for individuals who hold a Subclass 188 visa and want to pursue their business or investment activities in Australia as permanent residents. This visa offers a route to permanent residence, allowing you to live, work, and establish your business in Australia indefinitely.
The 888 Visa can be considered the final step in the journey initiated by the 188 Visa program. Once you have fulfilled the requirements of the temporary 188 visa and successfully established your business or investment in Australia, the 888 Visa entitles you to permanent residence, allowing you to live, work and study in Australia indefinitely. This visa stream offers peace of mind and stability, allowing you to fully integrate into Australian society and build a lasting future in Australia.
Australia Business Innovation and Investment 888 Visa General Requirements
All applicants, regardless of stream, must fulfil the following general requirements.
Business Innovation and Investment 188 Visa Eligibility
You must fulfill all the requirements of this visa for any stream for which you are eligible.
Legal Compliance
Have a good record of compliance with the laws of the Commonwealth and the state or territory in which the business or entrepreneurial activities are conducted.
Nomination
Applicants must be nominated by a state or territory government in Australia.
No Debt
You must ensure that you have no outstanding debts to the Australian government.
Australia Business Innovation and Investment 888 Visa Application Requirements
You must be a primary visa holder of any stream of a valid Business Innovation and Investment 188 Visa.
Fulfilment of Residence Requirements
You show that you have resided in Australia for a specified time under your temporary visa. The required period of residence may vary depending on the specific flow of your 188 Visa and the concessions granted. For example, some conditions may allow you to count periods of absence from Australia towards the residency requirement.
Compliance with Visa Requirements
You must have complied with all the conditions of your temporary visa (Subclass 188). This may include fulfilling investment requirements, actively managing your business, or meeting turnover and employment thresholds (depending on the stream).
Business/Investment Activities
You demonstrate an ongoing business activity or a continuous investment presence in Australia.
Australia Business Innovation and Investment 888 Visa Application Process
Gathering Necessary Documents
Gather all necessary documents to demonstrate your compliance with the visa requirements, your ongoing business activity or investment presence, and that you fulfill the residency requirements.
Online Application
Applications for the Business Innovation and Investment 888 Visa are usually submitted online through the ImmiAccount system.
Biometric Data Collecting
You may be required to provide biometric data (fingerprints and photographs) at a certain point.
Review of the Application
The Home Office will assess your application against the relevant visa criteria. Processing times may vary. If your application is successful, you will receive a permanent residence visa grant.
Benefits of the Australian Business Innovation and Investment 888 Visa
Health Services
Permanent Residence Opportunity
Education
Citizenship Opportunity
Health Services: You can access Medicare, Australia’s public health system. After a qualifying period, you can access social security benefits.
Permanent Residence Opportunity: You can live, work, and start your business in Australia indefinitely.
Education: You have the opportunity to register your children in Australian schools and universities.
Citizenship Opprtunity: After fulfilling the residency requirements, you can apply for Australian citizenship.
Australia Business Innovation and Investment 888 Visa Support and Consulting
The Business Innovation and Investment 888 Visa is the endpoint in your journey towards permanent residency in Australia. By successfully transitioning through the 188 Visa program, you are not only making a valuable contribution to the Australian economy but also earning the privilege of calling Australia your home. With careful planning, dedication, and the right support, you can realize your vision and become a permanent fixture in Australia’s dynamic and multicultural society.
For comprehensive information and personalized advice, consider consulting a registered immigration agent who can guide you through every step and ensure your application meets all relevant requirements. For further information and application, please contact us and ask for our advice at each stage of the application process.
Apply for Ozlinx Migration
Succeeding at the end of the immigration process to Australia requires careful planning and an understanding of the various pathways available. Whether you are a skilled professional, a student, or looking for opportunities in regional areas, there are options tailored to your circumstances. By staying informed and seeking guidance from reputable sources, you can make your journey to Australia safe and smooth.