Australia has always been the land of opportunity - not only for skilled professionals, but also for loving entrepreneurs and investors. If you have already left an imprint in Australia's business or investment scenario on an provisional subclass 188 visa, then the Business Innovation and Investment (Permanent) Visa (sub -class 888) is your next important step towards the Permanent Residence (PR).
Whether you are managing a successful Australian business, actively investing in major areas, or promoting innovation, subcutaneous 888 opens the door for long settlement, access to public services such as medicare, and freedom to expand its business ambitions without restrictions.
Let's see what this visa is, for whom it is, and how to make your application successful.
What is the lesson 888 visa?
Subclass 888 Visa is a permanent phase of Business Innovation and Investment Program (BIIP). This allows some subclass 188 visa holders to transition to permanent residence if they meet specific business or investment criteria.
This visa rewards people who have made a real contribution to the Australian economy through professional activity, employment generation, investment in assets, or entrepreneurial projects.
Major benefits of 888 visa
Permanent residence in Australia for you and your family
Access to Medicare, Australia’s public healthcare system
Ability to sponsor family members
Pathway to Australian citizenship
No limitations on work or study
Stay indefinitely with travel rights for 5 years (renewable)
Streams Under Subclass 888
There are several pathways under the Subclass 888 visa, each aligned with its temporary counterpart under Subclass 188:
Business Innovation Stream
Investor Stream
Significant Investor Stream
Premium Investor Stream (closed to new 188 applicants)
Entrepreneur Stream
Each stream has different eligibility requirements based on your previous visa, business performance, and investment activity.
- Business Innovation Stream
This subclass is the most common route for 888 visas and applies to individuals who organized the Subclass 188 Business Innovation Stream.
Eligibility:
Owned to a qualifying business in Australia for at least 2 years in 4 years before applying
The business must have achieved:
Turnover of at least $ 300,000 in 12 months before applying
At least 2 full -time Australian employees (not including family members)
Pure trade and individual property of $ 600,000 or more
A subclass 188 visa would have been held for at least 3 years (if applying from July 2025)
2. Investor stream
For those who held a lesson 188 investor visa and invested $ 2.5 million in compliance with Australian investments.
Eligibility:
Maintained investment for at least 4 years
Demonstrated a real commitment to continue trade or investment activity in Australia
Subclass spent at least 2 years in Australia during 188 visa period
3. Important investor stream
For those applicants who invested $ 5 million to comply with the investment 188 visa important investor section.
Eligibility:
Maintained investment for at least 4 years
Continuous commitment to invest in Australia
No residence is required, but the residence strengthens your case
4. Entrepreneur's stream
Subclass 188 Entrepreneur Visa holders who developed a successful entrepreneurship activity in Australia.
Eligibility:
Performed the successful results of the enterprise (eg, commercialization of a product, employment generation, raising capital)
Organized 188 Visa for at least 4 years
In the last 4 years lived in Australia for at least 2
General Requirements for All Streams
Regardless of the stream, all applicants must:
His provisional subclass has complied with the terms of 188 visa
A state or region should be nominated by the government (re -enrollment required)
Meet health and character requirements
Not have been involved in unlawful business activity
How long does it take?
Processing time varies depending on the stream:
Business Innovation Stream: 12-18 months
Investor / Important Investor: 8-16 months
Entrepreneur Section: 12+ months (Based on evidence of activity)
Tip: Ensuring your documents (professional performance, financial, tax records, etc.) are widespread, can reduce the delay.
Required Documents
Some of the key documents include:
Business Activity Statements (BAS) and financial statements
Evidence of investment management
Australian Business Number (ABN) and business registration certificates
Tax returns, employee payroll summaries
Letter of nomination from a state or territory government
Evidence of residency or time spent in Australia
Required documents
Some major documents include:
Professional activity details (BAS) and Financial Description
Evidence of investment management
Australian Trade Number (ABN) and Business Registration Certificate
Tax return, employee payroll summary
Nomination papers from a state or region government
Evidence of residence or time spent in Australia
General challenges
Turnover or asset threshold failure
Inadequate evidence of actual investment or entrepreneurial activity
Lack of state nomination or withdrawal of nomination
Non-transportation with original visa conditions (eg passive investment, lack of business participation)
Working with a registered migration agent can help you avoid these losses.
Why apply for Subclass 888?
The 888 visa is not just about staying in Australia—it’s about staying for good. It offers:
The stability of permanent residency
A clear passage for citizenship
More freedom to expand your business, invest in new areas and increase a family in one of the most rich countries in the world
How the immigration friend can help
In immigration friend, we are experts of business and investment visas. We understand that an subclass from 188 to 888 requires more than the ticking box for infection - this requires strategic planning and innocent documentation.
Our experienced team will help you:
Assess your eligibility and identify the correct section
Gather and prepare your business and financial documents
Manage your state/field enrollment process
Lodge your visa application with precision and care
If you are desired then advise you through infection for citizenship
final thoughts
If you have worked hard to build or invest in the Australian business, then the subclass 888 visa is your reward - one of the most living countries in the world is a permanent place.
