Visitor and other · Subclass 888
Business Innovation and Investment (Permanent) visa
Only for people who already hold the provisional business innovation and investment visa.
We do not lodge new applications in closed programs. This page is for people who already hold an eligible visa.
Who it is for
Existing holders of the provisional business innovation and investment visa. The Business Innovation and Investment Program closed permanently to new applications on 31 July 2024. Only extension streams and this permanent visa remain for current holders. Business people without that visa should look at the National Innovation visa or employer and skilled visas.
Key eligibility
- Hold the provisional business visa and a current state or territory nomination.
- Business Innovation stream: 2 years owning and managing an Australian business, turnover of at least A$300,000 in the last 12 months, and asset or employee tests.
- Residence in Australia as set for your stream; compliance with Australian laws; functional English or second instalment.
Where to apply, and bridging visas
In or outside Australia (not in immigration clearance).
Your journey, step by step
Readiness review
Check ownership, turnover, assets, employees and residence.
How a registered migration agent helps: reviews readiness honestly.
Service agreement
Before any personal advice or preparation, you receive a written service agreement and the OMARA Consumer Guide.
How a registered migration agent helps: sets out the work, the fee and the refund policy in writing. No money is taken for visa work before the agreement is signed.
Nomination
The state confirms the nomination is current.
How a registered migration agent helps: coordinates with the state.
Lodge
Lodge with business and residence evidence.
How a registered migration agent helps: prepares the evidence.
Permanent residence
Citizenship when eligible.
How a registered migration agent helps: plans the next step.
The Department of Home Affairs makes every decision. No one can promise a grant, an invitation or a faster decision.
Government charges from 1 July 2026
| Applicant or item | Charge |
|---|---|
| Main applicant | A$4,375 |
| Family member 18 or over | A$2,195 |
| Family member under 18 | A$1,090 |
| Provisional visa extension streams, main applicant | A$1,505 |
Health checks, police certificates, translations, skills assessments and English tests are extra and paid to the provider. Our professional fee is separate and quoted in writing. Estimate total charges for your family.
Source: Home Affairs Current visa pricing table, charges from 1 July 2026, read 22 October 2026. Confirm in the Visa Pricing Estimator before you pay.
Processing times
Source: Home Affairs Global visa processing times, read 22 October 2026. Check the current guide. A guide only; times change monthly and are not a promise.
Common refusal risks
- Turnover or asset tests not met.
- Ownership or management not continuous.
- Residence not met.
- Nomination not current.
- Tax or workplace law breaches.
Drawn from the published criteria and general practice experience, not Department statistics.
Document checklist
Tick items as you collect them. Ticks are saved in this browser only and are not sent to us. This is a general list; the Department may ask for more.
0 of 0 collected
The Immigration Worldwide. Sukh Sandhu, Registered Migration Agent, MARN 1384130. General information, checked 22 October 2026.
Recent changes
The program closed permanently to new applications. We do not lodge new applications in it.
Sources and checks
- Home Affairs: Business Innovation and Investment (Permanent) visa (subclass 888)
- Home Affairs: skilled migration recent changes
- Home Affairs Current visa pricing table, charges from 1 July 2026
Related
Information checked 22 October 2026. General information only, not advice about your situation. Australian advice is given by Sukh Sandhu, Registered Migration Agent, MARN 1384130.
Talk it through. The first 15 minutes are free and general. Personal advice starts only after a written service agreement and the OMARA Consumer Guide.