BUSINESS VISAS

The Subclass 888 allows Subclass 188 visa holders to apply for permanent residency and to continue their business activities in Australia.

You must have a realistic commitment to continuing your business and investment activities in Australia and not have been involved in any activities that are unacceptable in Australia.

Business Innovation Stream

This stream is for people who hold a Subclass 188 (Business Innovation and Investment Visa) in the Business Innovation Stream. Some of the criteria include:

• Own and manage a business in Australia

• Have an annual business turnover of at least $A300,000

• Meet certain asset and employee requirements

• Meet a residence requirement.

Investor Stream

This stream is for people who hold a Subclass 188 (Business Innovation and Investment Visa) in the Investor Stream. Some of the criteria include:

• Have held your investment for 4 years

• Meet a residence requirement.

Significant Investor Stream

This stream is for people who hold a Subclass 188 (Business Innovation and Investment Visa) in the Significant Investor Stream. Some of the criteria include:

• Have held your complying investment for 4 years

• Meet a resident requirement.

Entrepreneur stream

This stream is for people who hold a Subclass 188 (Business Innovation and Investment Visa) in the Entrepreneur Stream. Some of the criteria include:

• Have a successful record of entrepreneurial activities, which are evaluated according to specific ‘success factors’.