Business Innovation And Investment Permanent Visa

Business Innovation and Investment (permanent) visa (subclass 888)

A provisional visa for those with business skills who want to establish, develop and manage a new or existing business in Australia. You must be nominated by a state or territory government.

The 188A visa is only available to applicants who are nominated by an Australian State or Territory government and meet the points test for this visa. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system. This is a 4-year temporary visa, for people who want to own and manage a new or existing business in Australia. Once established an ownership interest in an Australian business, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa. A 2-year extension is possible once the applicant has held the subclass 188 visa for 3 years, giving 6 years from the date of grant of the original Visa.

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