{"id":2190,"date":"2014-08-26T21:12:33","date_gmt":"2014-08-26T21:12:33","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?page_id=2190"},"modified":"2018-10-25T20:04:51","modified_gmt":"2018-10-26T00:04:51","slug":"subclass-888","status":"publish","type":"page","link":"https:\/\/www.investmentimmigration.com\/australia-business-innovation-government-policy\/subclass-888\/","title":{"rendered":"Subclass 888: Business Innovation and Investment Permanent visa"},"content":{"rendered":"
Those holding a Business Innovation and Investment Provisional visa (Subclass 188) become eligible to apply for the Business Innovation and Investment Permanent visa (Subclass 888) provided they continue to fullfill the various eligibility requirements laid down under the Provisional Visa regime.<\/p>\n
If obtained under the Business Innovation Stream, this visa allows you to continue owning and managing your business in Australia.<\/p>\n
If obtained under the Investor Stream or Significant Investor Stream, this visa allows you to continue your business and investment activity in Australia.<\/p>\n
You do not need to submit a new Expression of Interest or receive an additional invite in order to apply for this visa. Nomination is also unnecessary provided that the State or Territory that nominated you for the Provisional visa has not withdrawn its nomination. You will require nomination if your current nomination has been withdrawn by the relevant State\/Territory or if you wish to obtain nomination from another State\/Territory.<\/p>\n
Benefits of Business Innovation and Investment Permanent visa (Subclass 888)<\/strong><\/p>\n The Business Innovation and Investment Permanent visa (Subclass 888)\u00a0<\/strong>is a permanent residence visa. You and all your family members will, after being granted this visa, enjoy the right to:<\/p>\n You will fulfill the requirements to apply for this visa if:<\/p>\n Holders of the Provisional Business Innovation and Investment visa (subclass 188) under the Business Innovation Stream must comply with additional provisions related to business turnover, business assets, and compliance with business laws and regulations.<\/p>\n Holders of the Provisional Business Innovation and Investment visa (subclass 188) under the Investor Stream or the Significant Investor Stream must comply with additional provisions related to residence in Australia and duration of holding of the investment.<\/p>\n Inclusion of Family Members<\/strong><\/p>\n You can include the following family members in your visa application:<\/p>\n\n
Business Innovation and Investment Permanent Visa\u00a0(Subclass 888)\u00a0Eligibility:\u00a0<\/strong><\/h3>\n
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Documents, Fees \u00a0and Processing Time<\/a><\/strong><\/h3>\n
Eligibility Requirements:<\/a><\/strong><\/h3>\n