Business Innovation Stream where you have ongoing business involvement, history of employing Australian workers and meet certain financial requirements.
Investor Stream where you have required investment with an Australian state or territory for at least 4 years.
Significant Investor (SIV) Stream where you held complying investments continuously for at least 4 years and operated a qualifying business in which you have direct investment in Australia.
Premium Investor (PIV) Stream where you have required premium investment for at least 1 year in Australia.
Entrepreneur Stream where you demonstrate successful record of entrepreneurial activities in Australia.
Additional primary requirements to qualify for Subclass 888 visa
- You and your partner have a satisfactory record, of that you have complied with Commonwealth laws and the State or Territory where your business operates;
- You and your partner meet Australian health and character requirements; and
- Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.
You will also be subjected to additional requirements, depending on the stream you held in your original Subclass 188 provisional visa.
The Business Innovation and Investment (Permanent) visa grants you permanent residence in Australia. It allows you and your eligible family members to:
- Stay in Australia indefinitely
- Work and study in Australia
- Enrol in Medicare
- Apply for Australian citizenship once you become eligible
- Sponsor eligible relatives for permanent residence
- Travel to and from Australia
