• You must hold one of the below visas as a primary holder:
  • Business Innovation and Investment (Provisional) Visa (Subclass 188) in the Business Innovation Stream or the Business Innovation Extension Stream. If this visa was granted on or after 1 July 2021, you must have held this visa for at least 3 years.
  • Special Category Visa (Subclass 444). If this visa was granted on or after 1 July 2021, you must have held this visa for at least 3 years.
  • Temporary Work (Skilled) Visa (Subclass 457), in certain circumstances.

• Alternatively, you could apply under this stream if you are the secondary visa holder of a Business Innovation and Investment (Provisional) Visa and your spouse/de facto partner is the primary holder of a Business Innovation and Investment (Provisional) Visa in the Business Innovation Stream or Business Innovation Extension Stream.
• In addition, you must be able to show ongoing business involvement, have an Australian Business Number, meet the residence requirement, meet certain financial requirements (i.e. an annual business turnover of $300,000), meet the assets and employees requirement, have Functional English and have a history of employing Australian workers.

• You must be the primary holder or the secondary visa holder of a Business Innovation and Investment (Provisional) Visa (Subclass 188) in the Investor Stream. If this visa was granted on or after 1 July 2021, you must have held this visa for at least 3 years.
• If you were invited to apply for the Subclass 188 in the Investor Stream on or after 1 July 2021, you (or you and your spouse/de facto partner combined) must have held a ‘complying significant investment’ for the whole period of your provisional visa.
• If you were invited to apply for the Subclass 188 in the Investor Stream before 1 July 2021, you (or you and your spouse/de facto partner combined) must have held a ‘designated investment’ for at least 4 years if the visa application was made on or after 1 July 2015.
• In addition, you must be able to meet the residence requirement, have Functional English and have a realistic commitment to continuing investment activities in Australia.

• If you are applying for the permanent visa (Subclass 888) in the Premium Investor Stream, you must have held a provisional visa (Subclass 188) in the Premium Investor Stream at the time of application and be nominated by the Commonwealth government. You must have held your provisional Business Innovation and Investment (Provisional) Visa (Subclass 188) for a minimum of 1 year.
• You (or you and your partner combined) must have held complying premium investments continuously for at least 1 year, and for the entire time you have held your Business Innovation and Investment (Provisional) Visa (Subclass 188).
• In addition, you must have Functional English and have a realistic commitment to continuing investment activities in Australia.

• You must hold one of the below visas as a primary holder:
  • Business Innovation and Investment (Provisional) Visa (Subclass 188) in the Significant Investor Stream or the Significant Investor Extension Stream. If this visa was granted on or after 1 July 2021, you must have held this visa for at least 3 years.
  • Special Category Visa (Subclass 444). If this visa was granted on or after 1 July 2021, you must have held this visa for at least 3 years.
• Alternatively, you could apply under this stream if you are the secondary visa holder of a Business Innovation and Investment (Provisional) Visa and your spouse/de facto partner is the primary holder of a Business Innovation and Investment (Provisional) Visa in the Significant Investor Stream or Significant Investor Extension Stream, under certain circumstances.
• You must have held your ‘complying investment’ or ‘complying significant investment’ for the whole period of your Business Innovation and Investment (Provisional) Visa (Subclass 188).
• In addition, you must be able to meet the residence requirement, have Functional English and have a realistic commitment to continuing investment activities in Australia.

• If you are applying for this visa in the Entrepreneur stream, you must have been in Australia and held your Business Innovation and Investment (Provisional) Visa (Subclass 188) in the Entrepreneur stream. If you were invited to apply on or after 1 July 2021, you must have held the provisional visa continuously for at least 3 years. Otherwise, if you were invited to apply before 1 July 2021, you must have held the provisional visa continuously for at least 4 years.
• You must have resided in Australia for 2 years of the total time you held your Business Innovation and Investment (Provisional) Visa (Subclass 188).
• In addition, you must be able to demonstrate a successful record of entrepreneurial activities in Australia, have Functional English and have a realistic commitment to continuing investment activities in Australia.

Subclass 888 Visa processing typically takes around 3 months.

For the most up-to-date processing times, refer to the Department of Home Affairs website.

• DHA visa application fee for the primary applicant – $3,400
• DHA visa application fee for adult dependent (18 and over) – $1,705
• DHA visa application fee for child dependent (under 18) – $850
• DHA second instalment – $4,890 (if applicable)
• Other fees such as health examinations, police checks, and document translations may apply.
• Professional fees for migration services are separate.

At Better Life Migration, we can help you apply for the Business Innovation & Investment (Permanent) Visa (Subclass 888) through:

• Expert Guidance: Providing you with step-by-step support throughout the business visa process.
• Application Preparation: Ensuring your application forms are completed accurately and submitted on time.
• Document Assistance: Helping you gather and present all the required supporting documents.
• Liaising with Immigration Authorities: Managing communications with immigration authorities for a smooth process.
• Issue Resolution: Proactively addressing potential complications to avoid delays or issues with your application.
• End-to-End Support: Guiding you through every stage of the process, allowing you to focus on building your business in Australia.

Ready to apply for the 888 Visa?

📞 Call us now at 0415 419 414

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