ARTICLE · 13 NOVEMBER 2020

What is the Business Innovation and Investment (Permanent) Visa?

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The visa allows individuals to continue their business or investment activity in Australia and live here permanently.

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The business innovation and investment (permanent) visa (subclass 888) allows individuals to continue their business or investment activity in Australia and live here permanently. Importantly, to be eligible to apply for the permanent visa you must have first fulfilled the requirements of the provisional subclass 188 visa through either the:

business innovation stream; or
investment stream.

This article will discuss the essential eligibility requirements for the subclass 888 visa.

Basic Requirements for Subclass 888 Visa

The subclass 888 visa allows holders of the temporary subclass 188 visa to live and stay in Australia permanently. Accordingly, you will need to meet certain criteria to qualify for this permanent visa, including that you:

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