Business Innovation & Investment (Permanent) Visa - Subclass 888

How to apply for Business Innovation & Investment Permanent Visa – Subclass 888?

The Business Innovation and Investment (Permanent) visa (subclass 888) is the next stage of subclass Business Innovation and Investment visa (subclass 188)

Once you fulfil all the Business Innovation and Investment visa (subclass 188), you can apply for this visa without submitting an expression of interest.

Requisites of the Visa:-

• You Hold Business Innovation and Investment visa (subclass 188).
• You meet all the requirements of Business Innovation and Investment visa (subclass 188).
• It would help if you were not involved in any illegal or unethical business practices.
• You have a satisfactory record of complying with Commonwealth laws, and of each State or Territory in which you operate a business and employ employees in the business, relating to your business.
• Have been nominated by State or territory.
• You have a genuine commitment to maintain investment in Australia.
• You, along with your partner, has not been involved in any illegal business activities ever.
• You, along with your partner, hold good moral and health conduct.

Privileges of the Visa;-

• Provides you right to live in Australia indefinitely.
• The applicant can work in Australia during your stay.
• The applicant can enrol in Medicare Australia’s scheme for health-related care and expenses.
• Allows you to apply for citizenship if you meet specific requirements.
• Allows you to move to and fro for five years starting from the day visa is granted.
• You can sponsor your relatives for permanent residency.

What is the cost to apply for this visa?

Subclass 888 visa cost is AUD 2,590 for the primary applicant.

Apart from this following charges are also involved:

• Charges to be paid for Medical Certificate for fitness
• Cost of Police Clearance Certificate (PCC)
• Document Translation cost (if applicable)

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