Subclass 888- Business Innovation and Investment (Permanent) visa

The Business Innovation and Investment visa allows business people and investors who own and manage a business or hold investments in Australia to continue these activities on a permanent basis.

Entrepreneur Stream

The minimum requirements of the entrepreneur stream are set out below:

Applicant

At the time that you lodge your visa application, you must:

  • have been the primary holder of a subclass 188 Business Innovation & Investment visa in the Entrepreneur stream for at least four years
  • have resided in Australia for at least two of the last four years
  • be nominated by an Australian State or Territory government agency
  • have a satisfactory record of complying with Australian laws, with no involvement in unacceptable investment activities (this also applies to your spouse/de facto partner)

Entrepreneur Activities

At the time that you lodge your application, you must have demonstrated that you have a successful record of undertaking entrepreneurial activities in Australia while you held your subclass 188 visa in the Entrepreneur stream.

NOTES: The success of your entrepreneurial activity will be measured be a number of ‘success factors’, including (but not limited to): employment of Australians; annual turnover; receipt of ongoing funding/investment; filing or acquisition of a patent; entry into partnership with a university; and sale of the venture.

Entrepreneurial activities must NOT be related to residential real estate, labour hire or the purchase of an existing enterprise or franchise in Australia.

Any Questions?

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