{"id":1625,"date":"2021-04-30T15:12:28","date_gmt":"2021-04-30T05:12:28","guid":{"rendered":"http:\/\/blmigration.com.au\/?post_type=service&p=1625"},"modified":"2025-11-06T09:14:46","modified_gmt":"2025-11-05T23:14:46","slug":"subclass-888","status":"publish","type":"service","link":"https:\/\/www.blmigration.com.au\/en\/service\/i-want-to-do-business-or-invest-in-australia\/subclass-888\/","title":{"rendered":"Business Innovation and Investment (Permanent) Visa (subclass 888)"},"content":{"rendered":"\t\t
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Business Innovation and Investment (Permanent) Visa (Class EC, Subclass 888)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Subclass 888 visa is the permanent visa stage after having held and met the requirements of the Subclascs 188 visa<\/a>. It allows holders of the provisional visa to continue their business and investment activities and settle permanently in Australia. Generally, you are required to have held the visa for at least three (3) years before being eligible. You will need to meet certain business\/investment requirements and residency requirements before being eligible for the subclass 888 visa.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Business Innovation Stream (Subclass 888 A)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe main requirements of this visa are:\n
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  • Continue to be nominated by state or territory government<\/li>\n \t
  • Held the Subclass 188A visa and was in Australia for at least 1 year in the past 2 years<\/li>\n \t
  • Maintained ownership interest in at least 1 actively operating main business (with an ABN) during the 2 years and continues to have ownership interest<\/li>\n \t
  • The business must have an annual business turnover of over AUD 300,000 in the 12 months before application is made<\/li>\n \t
  • Either have (2 of the following 3 must be met):\n
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    • Net asset value of the main business at least AUD 200,000 for the 12 months before the application is made and continue to do so;<\/li>\n \t
    • Employed at least 2 full time employees who are not family members and are an Australian citizen or permanent resident in the 12 months before the application is made;<\/li>\n \t
    • Net value of business and personal assets at least AUD 600,000 for the 12 months before the application is made and continue to do so<\/li>\n<\/ul>\n<\/li>\n \t
    • Have a realistic commitment to continuing business activities<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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      Investor Stream (Subclass 888 B)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
      \n\t\t\t\t\t\t\t\t\tThe main requirements of this visa are:\n
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      • Continue to be nominated by state or territory government<\/li>\n \t
      • Held the Subclass 188B visa and was in Australia for at least 2 years in the past 4 years<\/li>\n \t
      • Held the designated investment for a continuous 4 years (if 188 visa granted after 01 July 2015) or 3 years and 11 months (if 188 visa granted before 01 July 2015)<\/li>\n \t
      • Not involved in unacceptable business or investment activities<\/li>\n \t
      • Have a realistic commitment to continuing business or investment activities<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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        Significant Investor Stream (Subclass 888 C)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
        \n\t\t\t\t\t\t\t\t\tThe main requirements of this visa are:\n
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        • Be nominated by a State or Territory government<\/li>\n \t
        • Held the Subclass 188C visa for a continuous period of 4 years<\/li>\n \t
        • Held complying significant investment for the whole period during which the Subclass 188 visa was held<\/li>\n \t
        • Have been in Australia for:\n
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          • at least 40 days x the number of complete years held of the 188C visa (and any 188C extension visa granted treating a part of a year as 1 year); or<\/li>\n \t
          • spouse or de facto partner has been in Australia for at least 180 days x the number of complete years held of the 188C visa (and any 188C extension visa granted treating a part of a year as 1 year).<\/li>\n<\/ul>\n<\/li>\n \t
          • Not have a history of involvement in unacceptable activities<\/li>\n \t
          • Have a realistic commitment to continuing business or investment activities<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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            Entrepreneur Stream<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
            \n\t\t\t\t\t\t\t\t\tThe main requirements of this visa are:\n
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            • Be nominated by a State or Territory government<\/li>\n \t
            • Held the Subclass 188E visa for a continuous period of 4 years<\/li>\n \t
            • Resided in Australia for at least 2 years of the 4 years<\/li>\n \t
            • Demonstrate overall successful record of undertaking entrepreneurial activity in Australia whilst holding the Subclass 188E visa<\/li>\n \t
            • Have a realistic commitment to continuing business or investment activities<\/li>\n<\/ul>\nIn determining success of the entrepreneurial activities, the following factors are taken into consideration:\n
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              • Number of Australian citizens or permanent residents are employed in relation to the activities<\/li>\n \t
              • The level and nature of ongoing funding or investment in those activities<\/li>\n \t
              • The annual turnover of the businesses in those activities<\/li>\n<\/ul>\nAs a matter of policy, the Department has set key success factors and supporting success factors which are assessed.\n\nYou may enquire with us for more information.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                Common Issues When Applying for the 888 Visa<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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                • Failing to demonstrate that the applicant has not engaged in unacceptable business or investment activities.<\/li>
                • Providing insufficient evidence of a genuine and ongoing commitment to Australian business or investment ventures.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                  Suggested Solutions<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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                  Establishing and maintaining clear, verifiable documentation of your business activities and investments throughout the provisional visa period is essential.<\/p>

                  Keep records that show your active involvement in decision-making, compliance with local laws and alignment with your approved investment strategy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                  888 Visa FAQs<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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                  \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat kind of investment activities can qualify?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

                  Eligible investments may vary by State or Territory, but generally include:<\/p>

                  • Purchasing and operating an Australian business<\/li>
                  • Investing in commercial property<\/li>
                  • Studying or undertaking business development activities<\/li>
                  • Making State\/Territory-designated investments, such as government treasury bonds<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
                    \n\t\t\t\t\t
                    \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat documents do I need to show that I have maintained my designated investment?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

                    The required documents depend on your investment type:<\/p>

                    • Bonds: certificates of inscription, payment summaries or official correspondence.<\/li>
                    • Real estate: contracts of sale, transfer records and title certificates.<\/li>
                    • Shares or business ownership: audited financials, ASIC extracts and proof of continued management involvement.<\/li><\/ul>

                      In all cases, include a statement of investment strategy, explaining your rationale for each investment and how it aligns with your overall portfolio objectives.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

                      \n\t\t\t\t\t
                      \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow do I demonstrate that I am actively involved in investment activities?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

                      You should provide a personal statement describing:<\/p>

                      • Your investment approach and strategy<\/li>
                      • Examples of active management or decision-making<\/li>
                      • Plans for future investments (e.g. diversifying into new asset classes or expanding a successful business)<\/li><\/ul>

                        This demonstrates your commitment to contributing to the Australian economy on a long-term basis.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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                        \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan my investments qualify if I inherited them?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

                        Yes \u2013 provided you supply official documentation confirming your inheritance and full ownership of the investment assets.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                        Why Choose Brightstone Immigration Lawyers?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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                        Our strengths include:<\/p>

                        • Timely and Diligent \u2013 We ensure your BIIP permanent application is ready well before your provisional visa expires, avoiding costly lapses or reapplications.<\/li>
                        • Interdisciplinary Expertise \u2013 Our Commercial Law, Corporate Advisory, Real Estate and Tax teams collaborate to provide comprehensive advice on complex investment structures.<\/li>
                        • Proven Experience \u2013 We have guided numerous clients through multi-million-dollar business and investment applications, ensuring their portfolios meet both legal and migration requirements. We also regularly assist clients in navigating complex issues arising from their business operations and personal circumstances<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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                            Tell us about your issue, we are here to help you\n\t<\/h2>\n\t