Business & Investment

To apply for permanent residency through the Business Innovation Stream (Subclass 888),

• You must:
  • Have held either a sc188 – Business Innovation Stream / Subclass 444 for 3 Years
  • Hold Subclass 188 – Business Innovation Extension Stream or 457 Visa (in some circumstances)
• Be nominated by state or territory government
• Own and manage a business in Australia for two years satisfying relevant requirements.
• Have an annual business turnover of AUD 300,000
• You or your partner (or combined) must show two of the following:
  • assets of AUD200,000 net value in your main business (or two main businesses) in Australia
  • personal and business assets in Australia of AUD600,000 net value
  • At least two full-time eligible employees in your main business
• Not been involved in any illegal or unacceptable business activities.
• Have a realistic commitment to continuing business activities.
• Meet health and character requirements.
• Meet Functional English requirement
• You must have been physically present in Australia for at least one year in the three years while holding the 188/444 visa.

To apply for permanent residency (Subclass 888) under the Investor Stream, you must have:

• Held a sc188 – Investor Stream / Subclass 444 for 3 Years
• Be nominated by state or territory government
• Invested AUD2.5 million in a ‘complying significant investment’ during the visa validity period.
• You must have held your designated investment of AUD 1.5 million for at least four years if the provisional visa was granted.
• You must have been physically present in Australia for at least two years in the three years immediately before you apply.
• Not been involved in any illegal or unacceptable business activities.
• Have a realistic commitment to continuing business activities.
• Meet health and character requirements.
• Meet Functional English requirement

To be eligible for permanent residency (Subclass 888) under the Significant Investor Stream, you must have:

• hold, or held, a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream or Significant Investor Extension stream
  continue to hold your complying investment or complying significant investment, as required for your subclass 188 visa during the period of that visa
• Be nominated by a state or territory government agency
• Not been involved in any unacceptable activities.
• Have a realistic commitment to continuing business activities.
• Meet health and character requirements.
• Meet Functional English requirement
• Meet the residence requirement as per the visa.

To be eligible for permanent residency (Subclass 888) under the premium stream, you must have:

• Hold a Subclass 188 – Premium Investor Stream for a continuous period of at least 12 months.
• Have held complying premium investment during the validity of your visa
• Be nominated by a state or territory government agency
• Followed Australian Laws, including taxation, superannuation, and workplace, and not involved in any unacceptable activities.
• Have a realistic commitment to continuing business activities.
• Meet health and character requirements.
• Meet Functional English requirement
• Meet the residence requirement as per the visa.

To be eligible for permanent residency (Subclass 888) under the entrepreneur stream, you must have:

• Held the visa for continuously at least 3 years 
• Have a successful record of entrepreneurial activities, by satisfying the success factors outlined by the Department of Home Affairs.
• Did not involve in any unacceptable activities.
• Have a realistic commitment to continuing business activities.
• Meet health and character requirements.
• Meet Functional English requirement
• Meet the residence requirement as per the visa.