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Business Innovation and Investment Visa – Pathway to PR

The Business Innovation and Investment (Permanent) (subclass 888) Visa allows Holders of the Provisional subclass 188 visas to continue their activity in Australia. Each holder of the 188 visa must meet the eligibility criteria.
The Permanent Stages of the 5 different Streams are as follows:
 
 
Business Innovation Stream
This visa lets holders and certain people who have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa, stay permanently. They must be able to show ongoing business involvement.
 
 
Investor Stream
This visa allows the Holder to continue their investment activities in an Australian State or Territory permanently. They must hold an 188 visa in the Investor stream and must have held a designated investment of AUD 1.5 Million for 4 years.
 
 
Significant Investor Stream
This visa allows the Holder to continue their investment activities in an Australian State or Territory permanently. They must hold an 188 visa in the Significant Investor Stream or Significant Investor Extension stream and must have held a designated investment of AUD 5 Million for 4 years.
 
 
Premium Investor Stream
This visa allows the Holder to continue their investment activities in an Australian State or Territory permanently. They must hold an 188 visa in the Investor stream and must have held a complying investment of AUD 15 Million for the duration of the 188 visa.
 
 
Entrepreneur Stream
This visa lets holders and, in some cases, people who have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream, stay permanently. They must have lived in Australia for at least 2 years on a 188 visa and must demonstrate a successful record of entrepreneurial activity in Australia during this time.
 
 
Relevant Links
  • For information on the Provisional Stage (subclass 188) click here. 
  • For the current Visa Costs by the Department of Home Affairs, please click here
  • For the current Visa Processing Times by the Department of Home Affairs, please click here