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Business Innovation and Investment (Permanent) Subclass 888 Visa
Are you a business owner or investor who dreams of living in Australia permanently? Do you want to enjoy the benefits of a stable and prosperous economy, a high-quality lifestyle, and a multicultural society? If so, you may be able to apply for a Business Innovation and Investment (Permanent) Subclass 888 Visa. This particular visa is the final step in the pathway towards achieving permanent residency, but only after having maintained a Business Innovation and Investment (Provisional) Subclass 188 Visa for a minimum of two years.
Subclass 888 Visa StreamsThe Business Innovation and Investment (Permanent) Subclass 888 Visa offers five streams that cater to different types of business and investment activities. Each stream has its own requirements and benefits, but they all share the common goal of contributing to the Australian economy and society. The five streams are:
- Business Innovation stream: for innovative and dynamic business owners who have established and managed a profitable business in Australia. This stream allows you to continue to grow your business and create more jobs and opportunities for Australians.
- Investor stream: for savvy and experienced investors who have invested at least AUD 1.5 million in Australian bonds, shares, or managed funds. This stream allows you to maintain your investment and enjoy the returns and security of the Australian market.
- Significant Investor stream: for high-net-worth individuals who have invested at least AUD 5 million in complying with significant investments, such as venture capital, emerging companies, or balancing investments. This stream allows you to diversify your portfolio and support the development and innovation of Australian businesses.
- Premium Investor stream: for those considered ultra-high-net-worth individuals, who have made investments in compliance with regulations, such as Australian securities exchange listed assets, government or semi-government bonds or notes, corporate bonds or notes that have been issued by an entity listed on an Australian exchange, real estate located in Australia, deferred annuities issued by registered life companies in Australia, or philanthropic contributions that have been approved by Austrade, the minimum required investment is AUD 15 million. This stream allows you to access the most exclusive and prestigious investment opportunities in Australia and make a positive impact on the Australian community.
- Entrepreneur stream: for creative and ambitious entrepreneurs who have received at least AUD 200,000 in funding from an eligible third party to undertake a complying entrepreneur activity, such as commercializing a product or service, developing a business, or expanding an existing business. This stream allows you to pursue your entrepreneurial vision and bring your innovative ideas to life in Australia.
Subclass 888 Visa RequirementsTo apply for Business Innovation and Investment (Permanent) Subclass 888 Visa, you must:
- Hold a valid Subclass 188 Visa or a Special Category Visa (Subclass 444) if you are a New Zealand citizen.
- Meet the requirements of your provisional visa stream.
- Meet the eligibility criteria of the Department of Home Affairs, such as health, character, and English language requirements.
- Be nominated by a government agency of an Australian state or territory.
Benefits of Subclass 888 Visa
The Visa offers many benefits to individuals and their families who want to contribute to the Australian economy and enjoy the lifestyle of this country. The Business Innovation and Investment (Permanent) Subclass 888 Visa allows you to:
- Stay in Australia indefinitely.
- Work and study in Australia.
- Sign up for the public healthcare program of Australia.
- Apply for Australian citizenship if eligible.
- Sponsor eligible relatives for permanent residency.
- Travel to and from Australia for a duration of five years from the date of issuance.
The Business Innovation and Investment (Permanent) Subclass 888 Visa is a great opportunity for business owners and investors who want to make Australia their home and enjoy the benefits of permanent residency.
If you are interested in applying for this visa, we highly recommend consulting with our immigration consultant at 8595338595 or emailing us at [email protected]. Our expert consultant will guide you through the entire process and help you achieve your visa goals.