888E Entrepreneur Stream

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Project Introduction

This visa lets holders and, in some cases, people who have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream, stay permanently.

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 have held the visa for a continuous period:

Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream. If you were invited to apply for this visa on or after 1 July 2021, you must have held this visa continuously for at least 3 years or

Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream. If you were invited to apply for this visa before 1 July 2021, you must have held this visa continuously for at least 4 years.

You must have a current nomination from a state or territory government agency.

You will need to show either:

2 key success factors, or

1 key success factor and 3 supporting success factors

Key success factors include:

Employing 2 or more Australians, permanent residents or other eligible persons

Generating an annual turnover of at least AUD300, 000

Filing a provisional patent or acquiring a standard or innovation patent

Receiving ongoing funding or investment in your entrepreneur activity

Entering into a partnership with a university

Selling an entrepreneurial venture for AUD2 million

Supporting success factors include:

Adapting your entrepreneurial activities into other business areas

Receiving a statement of success from a state or territory government nominator

Receiving sponsorship from the corporate sector

Starting at least 1 other business or contributing to at least 2 other businesses

Receiving formal awards or recognition

Raising or contributing to social capital

Entrepreneurial activities in Australia can't be:

Residential real estate

Labour hire

Buying an existing enterprise or a franchise in Australia

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

Unless COVID-19 concessions apply, you must have been in Australia for either:

At least 2 out of 4 years as the holder of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream if you were invited to apply for this visa before 1 July 2021

At least 2 years as the holder of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream if you were invited to apply for this visa 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.