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.

Premium Investor Stream

The minimum requirements of the Premium Investor 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 Premium Investor stream for at least one year
  • be nominated by Austrade
  • 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)

Premium Investment

  • At the time that you lodge your application, you (or you and your spouse/de facto partner combined) must have continuously held a complying premium investment for the life of your subclass 188 Business Innovation & Investment visa in the Premium Investor stream (with the exception of any part of your investment that was a philanthropic contribution)
  • If any part of your complying premium investment (except philanthropic contributions) was a direct investment in an Australian proprietary company, the company must have been operated as a qualifying business

NOTE: A ‘qualifying business’ is operated for profit by providing goods and/or services to the public. It is not operated for speculative or passive investment.

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