This visa allows you to:
- continue to own and manage a business in Australia (the Business Innovation stream)
- keep business and investment activity in Australia (the Investor stream, the Significant Investor stream and the Premium Investor stream)
- maintain entrepreneurial activity in Australia (Entrepreneur stream).
You can apply for permanent migration with Business Innovation & investment (SUBCLASS 888), if you hold the provisional Business and Innovation (188) Visa in Australia, and have been nominated by a state or territory government agency or Austrade.
Your eligibility to apply for the Permanent Business Visa (888 visas) is determined by the temporary visa stream you used under the Subclass 188 program.
To obtain this visa, you must follow specific eligibility criteria:
Business Innovation stream
have owned and operated a business in Australia for at least two years
Investor stream
have held a designated investment of AUD 1.5 million for four years
Significant Investor stream
have held a complying investment of AUD 5 million for four years
Premium Investor stream
held a complying investment of AUD 15 million for one year
meet additional financial and other requirements of the same stream of this visa.
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