What are Business and Investor Visas?

The Business and investor visa lets individuals operate a business and allows them to engage in business and investment ventures or helps them launch business ventures within the state. The migration of business can be a complex process and deciding whether you have a chance of qualifying can be difficult. The applicants can become eligible in a different number of business migration categories. Before applying for this visa most business migrants and investors need a state nomination.

Subclass 888: Business Innovation and Investment (Permanent)

This is a permanent visa that enables the applicants to live permanently in Australia. It allows them to continue to manage and own a business in Australia under the Business Innovation stream, under the Investor stream, and the Premium Investor stream, Significant Investor stream, the applicants can continue doing their business and make investments in Australia. To apply for this Subclass, you may not need to submit a new EOI (Expression of Interest) and you need to get nominated by the territory or state government agency. This visa can applied once after fulfilling the eligibility requirement of your provisional visa. Subclass 888: Business Innovation and Investment (Permanent) allows the applicants to manage their own business and make investments in Australia. The applicants need to have a clean business record with compliance with Australian tax and business laws.

This subclass has 2 different streams, which are

  • The Business Innovation Stream, and
  • The Investor Stream

Eligibility Criteria for Subclass 888: Business Innovation and Investment (Permanent)

To apply for this visa the Applicants need to follow some eligibility criteria, which are discussed below:

Business Innovation Stream

  • You need to show a minimum of 2 years of continuous ownership in business activity in Australia.
  • Applicants should Maintain a direct management role in daily business operations.
  • Applicants need to fulfill at least 2 of the below criteria:
  • Own net business assets of a minimum of A$200,000 for the 12 months before application.
  • You need to have employee at least 2 full-time Australian citizens, and permanent residents.
  • Should maintain at least A$600,000 of net total assets for 12 months before applying.

Investor Stream

  • Under this stream, the applicants need to hold designated investments of A$1.5 million for a minimum of 4 years.
  • You should provide investment evidence or business activities in Australia.
  • You have to have lived in Australia for at least 2 years within the past 4 years before applying.

Objectives of Subclass 888: Business Innovation and Investment (Permanent)

  • This is a permanent residence visa, it allows you and your family members who are granted this visa to reside, study, and work in Australia indefinitely.
  • Applicants can enroll in Medicare, which is a scheme for health-related care in Australia and expenses.
  • If you get qualified, then you can apply for australia citizenship.
  • You are allowed to sponsor qualified relatives for permanent residence.
  • For 5 years the applicants can travel to and from Australia from the date of visa granted.

Advantages of Business and Investor Visas

The Business and Investor Visas provide several benefits for Entrepreneurs, business owners, and investors who wish to establish themselves in australia.

  1. Route to Permanent Residency:

    Business and Investor Visas including Subclass 888 visas enable the business investor and owners to get the transition from a provisional visa to permanent residency. This allows them to reside in Australia permanently.

  2. Opportunities for Business and Investment:

    The applicants who hold Business and Investor Visas can commence and operate or invest in businesses in Australia. They can even contribute to the economy while growing their businesses. Premium Investor visas and Significant Investor visas allow individuals with high net worth to invest in the economy of Australia.

  3. No need for Age and English proficiency:

    Same streams like Significant Investor Visa (188C), do not have age restrictions and requirements of the English language, which makes it accessible to a wider range of applicants.

  4. Enhanced quality of Lifestyle and Education:

    If the Provisional visa holders need more time to fulfill the requirements of permanent residency in such as they can extend their residing time in Australia through the extension streams.

  5. Encourages Entrepreneurship and Innovation:

    Entrepreneur visas provide funding and support for individuals who are developing their innovative products, businesses, or services in Australia.

Application Process

Select the Appropriate Visa Stream:

In the first step, the applicants must identify the most appropriate Subclass 188 visa stream based on their investments or business goals. Some of the streams under subclass 188 visa are:

  • 188A- Business Innovation
  • 188B- Investor
  • 188C- significant investor
  • 188D- Premium investor
  • 188E- entrepreneur

Submission of an Expression of Interest (EOI):

Applicants need to submit an EOI via skill select and indicate the territory and state. After this, wait for an IOA (invitation to apply) from a territory/state government.

Application of State or Territory Nomination

You need to submit your application to the selected territory or state government in case you are applying under a state nomination stream. Once you get nominated, you will receive an invitation from the Home Affairs department to apply for the visa.

Submission of Subclass 188 Visa Application

In this stage, applicants can submit their formal visa application including the supporting documents, like their financial record, business plan, and investment details. You have to pay the visa application fee and undergo health and character checks.

Fulfill visa conditions and operate business

If the application is granted, you should meet all the conditions of a visa by operating a business and maintaining investments, or fulfilling the residency requirements.

Make an application for Subclass 888

Once meeting all the required criteria, apply for the subclass 888 visa for permanent residency. the subclass 888 visa includes 4 streams such as:

  • Business Innovation Stream
  • Investor Stream
  • Significant Investor Stream
  • Entrepreneur Stream

Gain Permanent Residency

If your application is approved, the Subclass 888 visa provides permanent residency which allows you to further continue operating your business or make investments in Australia. You can indefinitely work, study, and reside in Australia and can also apply for Australian citizenship if eligible.

Why Choose Croyez Immigration

Croyez Immigration is the leading immigration and visa consultant. We support you to get your Business and Investor Visas without any issues. Consultants at Croyez Immigration allow you to navigate through the complex process of visa application. Some of the main reason to choose croyez immigration are:

  • We offer a personalized service and customized strategy to every client, which helps them to make successful visa applications.
  • Our consultants stay updated with the updated rules and regulations of Australia.
  • There are no hidden costs in our service, the prices are affordable and transparent.
  • Our team of experts has a high rate of success and they maintain a proven track record in visa approval.

The Business and investor visa helps individuals to run, launch their business, and make investments in business in Australia. This allows the applicants to qualify for several business migration categories.