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Business Innovation and Investment (Permanent) visa - Business Innovation stream (Subclass 888)

AustraliaStarting a business

Explore the five recorded questions, answers and sources for this pathway.

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Is this for a founder, startup entrepreneur, self-employed person, freelancer, company owner or another business profile?

This is the permanent-residency endpoint for existing 188 Business Innovation provisional-visa holders: it is for someone who already holds (or in certain cases held) a Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream or Business Innovation Extension stream, a Special Category visa (subclass 444), or in certain cases a subclass 457 visa, and wants to continue the business they already established while becoming a permanent resident.

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  • Overview tab — page intro
    This visa lets holders of a subclass 188 visa in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 visa, or certain holders of a subclass 457 visa, live in Australia permanently.
  • Overview tab — With this visa, you can
    continue your business activities that you may have started under your Business Innovation and Investment (Provisional) visa

What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?

The applicant must show continuity of the business already built under the provisional visa: for the 2 years immediately before applying, an ongoing ownership interest in up to two main businesses in Australia, a direct and continuous senior management role, lodged Business Activity Statements, and an ABN for each main business, with an ownership stake of at least 51% (turnover under AUD400,000/year), 30% (turnover AUD400,000+/year), or 10% (publicly listed company).

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  • Eligibility tab — Own and manage a business in Australia
    had, and continue to have, an ownership interest in up to two main businesses in Australia had a direct and continuous management role in that business or businesses submitted Business Activity Statements to the Australian Taxation Office an Australian Business Number for each of your main businesses
  • Eligibility tab — Own and manage a business in Australia
    51% of the total value of a business with a turnover of less than AUD400,000 per year, or 30% of the total value of a business with a turnover of AUD400,000 or more per year, or 10% of the total value of a business that is operated by a publicly listed company

What investment, capital, income, revenue, funding or viability evidence is central to this pathway?

Viability is shown through the existing business rather than fresh capital: an annual turnover of at least AUD300,000 in the 12 months before applying, plus at least 2 of: AUD200,000 net business assets, AUD600,000 net personal+business assets, or 2 full-time eligible employees. A second instalment charge of AUD4,890 applies to a family member 18+ without functional English who has not already paid it on a prior subclass 188 application.

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Limits of the record
  • The main-applicant base visa application charge is served by a dynamic price widget (BasePrice, product 1300, subclass 888-12) that renders blank on both the Overview and About this visa tabs in this capture — no numeric main-applicant charge could be extracted from the page text itself.

What business/self-employed activity may the holder conduct? Are there important restrictions? What is the family position where clearly stated?

The holder can stay in Australia permanently, continue operating the business, work and study, attend free AMEP English classes if eligible, enrol in Medicare, sponsor relatives to come to Australia, travel to and from Australia for 5 years from grant, and, if eligible, become an Australian citizen. Family unit members can be included at application or added any time before a decision, subject to health and character requirements.

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  • About this visa tab — With this visa, you can
    stay in Australia permanently work and study in Australia attend free English language classes through the Adult Migrant English Program, if eligible enrol in Australia's public health care scheme, Medicare sponsor your relatives to come to Australia travel to and from Australia for 5 years if eligible, become an Australian citizen.
  • Overview tab — With this visa, you can
    continue your business activities that you may have started under your Business Innovation and Investment (Provisional) visa

What approval/application sequence applies, how long is the status granted, how is it renewed, and what longer-term residence direction is officially stated?

This visa is the permanent-residence outcome of the Business Innovation pathway: it is permanent from grant, with no further renewal needed to keep residing in Australia. Reaching it requires 1 year of physical presence in Australia within the preceding 2 years (if invited before 1 July 2021) or within the preceding 3 years (if invited on or after 1 July 2021). The travel facility runs for 5 years from grant, after which a Resident Return visa or Australian citizenship is the stated next step.

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These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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