Why Apply for Subclass 888 Visa?

• The subclass 888 visa is also known as Business Innovation and Investment Visa
• It is aimed at international individuals involved in business activities, investors, and entrepreneurs.
• They can operate their business in Australia through this visa.
• It permits the candidate to live in Australia for an indefinite amount of time.
• The candidate can also apply for citizenship in Australia.

The Business Innovation and Investment Visa or Subclass 888 of Australia facilitates business people, investors, and entrepreneurs to continue their business activities in the country. It is aimed at either the candidates in the stream of Business Innovation Extension or holders of subclass 444 visa.

Benefits of Subclass 888 Visa

For the Business Innovation and Investment Subclass 888 visa, the candidates can avail of these facilities:

• Reside in Australia for an indefinite period of time
• Work or study in the country
• Avail of healthcare facilities
• Travel to their native place for the first 5 years and, if the need be, apply for the RRV or Resident Return to re-enter the country
• Apply for the citizenship of Australia visa 888 only if they meet the eligibility requirements
• Sponsor eligible family members who wish to migrate to Australia and reside in the country

Categories of Subclass 888

Subclass 888 visa has five categories. They are:

• Business Innovation stream
• Investor stream
• Significant Investor stream
• Premium investor stream
• Entrepreneur stream

Eligibility Criteria

The candidates are required to have a valid nomination from the territory or state government authorities of Australia. It is mandatory for all the applicants in the abovementioned streams.

Requirements of Subclass 888 Visa

The requirements for a Subclass 888 visa of Australia are listed below.

• Signed Australian value statement declaring that the candidate will respect the country’s law and order.
• Meet the requirements for health and character.
• No existing dues.
• Fulfill the language proficiency requirements for the English language.
• No cancellation or rejection of the visa should have occurred in the past.
• Intention to continue with the business.
• No criminal records.
• Submit the details for nomination.
• Must be a valid visa holder.
• Should meet the requirements for asset and employee.
• Submit the resident requirements.
• Should own and operate the business in Australia.
• Credible record of Entrepreneurial Activities.
• Operate the business for the necessary time span.

Steps to Apply for Subclass 888 Visa

Step 1: Register your expression of interest

Step 2: Wait for a nomination from a state or territory

Step 3: Receive an invitation to apply

Step 4: Fly to Australia

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