Business Innovation and Investment Visa (Subclass 888)
Business Visa Types
After doing business in Australia for 2 years while holding a 188 visa, you are eligible to apply for permanent resident visa (subclass 888), if you meet the eligible requirements.
To get help for your permanent resident visa application, you may contact AEMS the professional immigration lawyers.
The visa has four streams: Business innovation stream, Investor stream, Significant Investor stream and Entrepreneur stream.
AEMS interprets the requirements of various 888 visas for different types of 188 applicants for you.
If you are applying for the Business Innovation stream, you must have been in Australia as a 188-visa holder for at least one year in the two years immediately before you apply, and must meet requirements for owning and operating a business in Australia while on a provisional visa subclass 188A.
Have an annual turnover for at least AUD300,000 from the main business (or businesses) in the 12 months before you apply
Own at least one of the following percentages of the main busines (or main businesses) in Australia for the past two years immidiately before you apply:
51 per cents of a business with turnover of less than AUD400,000 per year
30 per cents of a business with turnover of AUD400,000 or more per year
10 per cents of a publicly listed company
Be involved in daily business management and operation, staying most of time in past 2 years
Have a genuine and realistic commitment to continue business in Australia
Meet two out of three of the following throughout the year before visa application
If you are applying for a permanent visa in the Investor stream, you must have been in Australia and held visa 188B for at least two of the four years immediately before you apply. In addition, you (or you and your partner combined) must have held a designated investment with an Australian state or territory for at least four years.
If you are applying for a permanent visa (subclass 888) in the Significant Investor stream, you must:
Have held a provisional visa (188C) in the Significant Investor stream or in the Significant Investor Extension stream
Have been in Australia as the holder of a provisional visa (subclass 188)
In the Significant Investor stream - 160 days in the past four years
In the Signficant Extension stream (one extension) - 240 days in the past six years
In the Significant Extension stream (two extensions) - 320 days in the past eight years
Have held the complying significant investments continuously for at least 4 years while holding your Business Innovation and Investment (Provisional) visa (subclass 188)
If you are applying for a permanent visa (subclass 888) in the Entrepreneur stream, you must:
Have held a provisional visa (188E) in the Entrepreneur stream
Get the primary applicant’s entrepreneurial activities based on the success factors (at least how either 2 key success factors; or 1 key success factor and 3 supporting success factors.)
Key success factors include:
employing 2 or more Australians, permanent residents or other eligible persons
generating an annual turnover of at least AUD300, 000
filing a provisional patent or acquiring a standard or innovation patent
receiving ongoing funding or investment in your entrepreneur activity
entering into a partnership with a university
selling an entrepreneurial venture for AUD2 million
Supporting success factors include
adapting your entrepreneurial activities into other business areas
receiving a statement of success from a state or territory government nominator
receiving sponsorship from the corporate sector
starting at least 1 other business or contributing to at least 2 other businesses
receiving formal awards or recognition
raising or contributing to social capital
Testimonials
Crystal Lin
Highly recommended!!!
They gave me really patient, professional and friendly service. I got my visa so quick, didn't come across any issue. They charge fairly, not like other agents who always rip people off.
Best service!
Jeremy W
AEMS has helped me with my temporary and permanent visa application from the beginning to the end. They are a reliable and professional migration service agency which I highly recommend.
R Z
Amazing services they provided, my husband's visa successfully granted today. They always follow up the updates and communication with us timely, help us solved a lot of problems with their professionalism, really appreciate their hard working, if someone need a professional visa service, you have to go to them!
AEMS Case Studies
Client X has been granted with Business Innovation and Investment (Permanent) visa (subclass 888) by Department of Home Affairs of Australian Government.
Client C has been granted with Business Innovation and Investment (Permanent) visa (subclass 888) by Department of Home Affairs of Australian Government.
Client M has been granted with Business Innovation and Investment (Permanent) visa (subclass 888) by Department of Home Affairs of Australian Government.
Client Z has been granted with Business Innovation and Investment (Permanent) visa (subclass 888) by Department of Home Affairs of Australian Government.
Client S has been granted with Business Innovation and Investment (Permanent) visa (subclass 888) by Department of Home Affairs of Australian Government.
Client S has been granted with Business Innovation and Investment (Permanent) visa (subclass 888) by Department of Home Affairs of Australian Government.
Australian Education and Migration Services
