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Australia Business Innovation & Investment (Permanent) (subclass 888 visa)

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Overview

Australia Business Innovation & Investment (Permanent) (subclass 888) visa is one of the Australian Business Innovation and Investment Program, which is designed to benefit the country's economy.

Visa is issued only on invitation. The visa applicant has to submit his Expression of Interest through SkillSelect initially and on receipt of Invitation can apply for visa.

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Visa Features

The applicants for the Business Innovation stream can continue to own and manage a business in Australia

The applicants for the the Investor stream and the Significant Investor stream can continue business and investment activity in Australia

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Visa Requirements

  • You must have a provisional Business Innovation and Investment visa (subclass 188)
  • You need to meet the requirements of that visa in the stream in which you first applied
  • Nomination by a state or territory

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Information Required for Expression of Interest

  • Applicant’s Expression of Interest should specify the stream he/she is interested in.
  • The EOI should also indicate whether he/she is interested in just one or all states and territories. 

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Visa Fee

Base Application Charge: $2255

Additional Applicant Charge (18 and over): A$1130

Additional Applicant Charge (Under 18): A$565

Note:

The second installment of $4890 is for an applicant who:

• has turned 18 at the time of application; and

• is assessed as not having functional English; and

• satisfies the secondary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa; and

• has not paid a second installment of the visa application charge in relation to an application for a Subclass 188 (Business Innovation and Investment (Provisional)) visa.

Disclaimer: Visa fees are subjected to change without prior notice.

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Process Flow Chart

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Opulentus Services

Opulentus offers advice and guidance for best possible documentation. We assist and guide you at each step till you get your visa.

  • Expert advice on complete process stage wise
  • Visa documentation*
  • Provide you the document checklist stage-wise and assisting you with the requisites and the alternatives upon receiving the signed service agreement copy
  • Provide documents samples and assist you with inputs wherever necessary
  • Corresponding with the department, on your behalf, if required
  • Post landing, traveling and settling assistance

*Documentation service differs from country to country. Please refer your Service Agreement for further details.

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Post Landing & Resettlement Services

  • Relocation assistance
  • Accommodation, travel and settling assistance
  • Pick up at Airport – extra charges
  • Details on local Indian communities
  • Guidance on local transports and other settlement related advices

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Why Invest in Australia?

Australia offers a range of opportunities for businesses to succeed. Australia's impressive reputation as an investment destination is for various reasons. Some of them are:

  • Strong economic credentials
  • Democratic and politically stable
  • Business friendly regulatory environment
  • Strategic location
  • Highly skilled and multilingual workforce
  • Innovative culture with excellent R&D and infrastructure
  • Strong financial services sector
  • Excellent quality of life

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