Business Innovation Stream

Subclass 888 Processing Time

Processing Time for Business Innovation Stream – Subclass 888: 10 – 12 Months

Eligibility For 888 Visa

• Own or manage a business at least for 2 recent years
• Meet the assets, employment and residence requirement
• Hold Business Innovation and Investment (Provisional) visa in the Business Innovation stream or subclass 444, or subclass 457 (in certain conditions)
• Have current nomination from the state or territory government
• Have functional English
• Meet health and character requirement

Subclass 888 – Investor Stream

Processing Time

Processing Time for Investor Stream – Subclass 888: No standard time available

Eligibility

• Have maintained the investment of AUD 1.5 million for at least 4 years in Australian state or territory
• Hold Business Innovation and Investment (Provisional) visa in the Investor stream
• Meet the assets, employment and residence requirement
• Hold Business Innovation and Investment (Provisional) visa in the Business Innovation stream or subclass 444, or subclass 457 (in certain conditions)
• Have current nomination from the state or territory government
• Have functional English
• Meet health and character requirement

Subclass 888 – Significant Investor Stream

Processing Time

Processing Time for Significant Investor Stream – Subclass 888: No standard time available

Eligibility

• Have maintained the complying investment of AUD 5 million for 4 years in Australian state or territory
• Hold Business Innovation and Investment (Provisional) visa in the Significant Investor stream
• Meet the business, investment and residence requirement
• Have current nomination from the state or territory government
• Have functional English
• Meet health and character requirement

Subclass 888 – Premium Investor Stream

Processing Time

Processing Time for Premium Investor Stream – Subclass 888: No standard time available

Eligibility

• Receive an invitation by the Austrade to invest in Australia
• Make an investment of at least AUD 15 million that comply with all the requirements
• Have net assets of at least AUD 15 million
• Have functional English
• Meet health and character requirement

Subclass 888 – Entrepreneur Stream

Processing Time

Processing Time for Entrepreneur Stream – Subclass 888: No standard time available

Eligibility

• Have maintained the complying investment of AUD 15 million for the duration of holding the provisional visa
• Held the Business Innovation and Investment (Provisional) visa in the Premium Investor stream for 12 months
• Have current nomination from Austrade
• Have functional English
• Meet health and character requirement

Subclass 888 – Entrepreneur Stream

Processing Time

Processing Time for Entrepreneur Stream – Subclass 888: No standard time available

Eligibility

• Held the Business Innovation and Investment (Provisional) visa in the Entrepreneur stream for 4 years
• Have a successful record of maintaining entrepreneurial activities
• Have current nomination from the state or territory government
• Have functional English
• Meet health and character requirement