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Overview

The 888 visa allows holders of the Business Innovation and Investment 188 (Provisional visa) to stay permanently and continue business activities in Australia.​​

Benefits

  • Stay in Australia permanently.
  • Work and study in Australia.
  • Enroll in Australia's public health care scheme, Medicare.
  • Sponsor your relatives to come to Australia.
  • Travel to and from Australia for 5 years.
  • Apply for Australian citizenship if eligible.

Requirements

General Requirement
  • Applicants must meet health and character (police clearance) requirements.
Business Innovation Stream - 888A
  • Main applicant or spouse to stay in Australia for a total of 1 out of the 2 years.
  • Have ownership and active management of an Australian business for 2 years.
  • Annual turnover of minimum AUD300,000.
  • Satisfy 2 out of the 3 following requirements:
  • Net value of business assets of at least AUD200,000.
  • Net value of business and personal assets of at least AUD600,000.
  • Employed minimum 2 full time employees who must be Australian Permanent Residents or Citizens.
Investor Stream - 888B
  • Main applicant stays in Australia for 2 out of the 4 years.
  • Maintain the designated investment for 4 years.
Significant Investor Stream - 888C
  • Main applicant stays in Australia for 40 days per year (for 4 years) or spouse of applicant to stay 180 days a year (for 4 years).
  • Maintain complying investment for 4 years.
Premium Investor Stream - 888D
  • 1 year to acquire 888D, no Australian stay requirement.
Entrepreneur Stream - 888E
  • Be in Australia to operate business for 4 years before applying for 888E.
  • Successful record of entrepreneurial activities, measured by a combination of key success factors and supporting success factors.

Application Process

  • Step 1 - Submit an Expression of Interest (EOI).
  • Step 2 - Prepare proof of identity documents for you and all other applicants. You must also gather evidence of your assets and business activities.
  • Step 3 - Apply for the visa.
  • Step 4 - Receive the visa if eligible.