Business Innovation and Investment Visas - Permanent- Subclass 888- These visas are for people who have established the required level of business or investment activity in Australia. Applicants for permanent residency need to be nominated by a state or territory government and meet the requirements to be eligible for these visas.
This visa is the second stage of the Business Innovation and Investment (Provisional) visa (subclass 188). It allows you to continue business and investment activity in Australia. You can apply for it after you have fulfilled the requirements of your provisional visa.
The visa has three streams:
- The Business Innovation stream is for people who continue to own and manage a business in Australia
- The Investor stream is for people who want to maintain business and/or investment activity in Australia after the designated investment has matured
- The Significant Investor stream is for people who are willing to maintain business and investment activity in Australia after the original complying investment has matured.