888A Business Innovation Stream
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Project Introduction
This visa lets holders of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa, stay permanently in Australia.
Project Advantages
Stay in Australia permanently
Work and study in Australia
Enrol in Australia's public health care scheme, Medicare
Sponsor your relatives to come to Australia
Travel to and from Australia for 5 years
If eligible apply for Australian citizenship
Application requirements
Unless COVID-19 concessions apply, you must be the primary holder of a: Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream. If you were invited to apply for this visa on or after 1 July 2021, you must have held this visa for at least 3 years, or Special Category visa (SCV) (subclass 444). If this visa was granted on or after 1 July 2021, you must have held this visa for at least 3 years, or Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Extension stream, or in certain cases, a subclass 457 visa
You must have a current nomination from a state or territory government agency.
For the 2 years immediately before you apply, you must have:
Had, and continue to have, an ownership interest in up to two main businesses in Australia
Had a direct and continuous management role in that business or businesses
Submitted Business Activity Statements to the Australian Taxation Office
An Australian Business Number for each of your main businesses
For the 24 months immediately before you apply, you must own at least:
51% of the total value of a business with a turnover of less than AUD400,000 per year, or
10% of the total value of a business that is operated by a publicly listed company
51% of the total value of a business with a turnover of less than AUD400,000 per year, or
Your main business or businesses (or the business or businesses of your spouse or de facto partner, or of you and your spouse or de facto partner together), had an annual turnover of at least AUD300,000 in the 12 months immediately before the application was made.
For the 12 months immediately before you apply, you or your partner (or you and your partner together) must show at least 2 of the following
Assets of AUD200,000 net value in your main business (or 2 main businesses) in Austral
Personal and business assets in Australia of AUD600,000 net value
Equivalent of at least 2 full-time eligible employees in your main business
If you want to meet the employee rule, your employees must work in your main business (or main businesses) and:
Be Australian citizens, Australian permanent residents, or holders of valid New Zealand passports
Not be members of your family
When operating your business in Australia, you and your partner must have followed: Commonwealth laws and the laws of the states or territories where your business operated
You might have to pay an extra charge for any dependent applicant 18 years old or older who has less than functional English. If they can't show that they have at least functional English, they will need to pay the second instalment of the visa application charge when we ask you to.
You must have been physically present in Australia for at least 1 year in the 3 years immediately before you apply if you are the holder of a:
Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream and you were invited to apply on or after 1 July 2021
Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation Extension stream and you were invited to apply for your original Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream on or after 1 July 2021
Special Category visa (SCV) (subclass 444) and your visa was granted on or after 1 July 2021
You and your partner must not have been involved in any business or investment activities that are unacceptable in Australia.
You must have a realistic commitment to continuing your business and investment activities in Australia.
You and any family members who apply for the visa with you must meet our health requirement.
