Business Innovation and Investment (Permanent) visa (subclass 888)
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Business Innovation and Investment (Permanent) visa (subclass 888)
Business Innovation and Investment (Permanent) visa (subclass 888)
Australia · Business
What it is
Permanent residence pathway for holders of 188 who have met the business/investment commitments of their stream.
Key facts
- Category
- Business
- Duration
- Permanent
- Processing time
- See official page for current processing times
- Extendable
- No
- Path to permanent residence
- Direct route
- Dependants
- Yes
- English requirement
- Functional English for applicants 18+ (unless a second instalment was paid on the earlier subclass 188).
- How to apply
- Online
- Health insurance
- Not required
Standard figures for this route. Some applicants pay a reduced fee or none at all, so confirm your own case on the official page.
Fees
- Application fee (Business Innovation stream)
- AUD 4,375
- Proof of funds (net-value business assets)
- AUD 200,000
- Application fee (per applicant 18+)
- AUD 2,195
- Proof of funds (annual turnover)
- AUD 300,000
- Application fee (per child under 18)
- AUD 1,090
Key requirements
- Hold a 188 visa
- Met the business/investment/entrepreneurial commitment for the relevant stream
- Continued state or territory nomination
- Meet health and character requirements
Working on this visa
Permanent visa, full work and study rights.
Bringing family
Can include eligible family members.
Facts checked against the official source. Last updated 25 July 2026.