About Australian 888B Investment Visa Program

The 888B visa is a permanent residency visa in Australia, specifically for investors who already hold a 188B visa and wish to continue investing in a fund in Australia. 

A unique feature of this visa is that the investor's spouse and children will also be granted visas along with the primary applicant. Once all necessary conditions are met, the investor can use the 888B visa to apply for Australian citizenship.

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Time to Citizenship

At least 3 years

Minimum Investment

2,5 million AUD

Type of Investment

Invest in Australian government bonds.

Visa-free Countries

Freedom to enter and exit Australia

Benefits of the Australian 888B Visa

  • Right to live in Australia as a permanent resident.
  • Ability to sponsor eligible family members to come and settle in Australia.
  • The entire family of the primary applicant will enjoy full benefits from Australia's social welfare system.
  • Freedom to travel in and out of Australia for up to 5 years. After this period, it is easy to continue by renewing the permanent residency status through a Resident Return Visa (RRV).
  • The primary applicant and their family are allowed to work and study in Australia.
  • The applicant's family can apply for Australian citizenship once they meet the necessary citizenship requirements.

Obligations with the Australian 888B Visa

  • The primary applicant and accompanying family members must enter Australia by the specified date, which will be detailed in the notification from the Australian Government.
  • The family must comply with all regulations and laws of Australia.
  • The family is required to fulfill their tax obligations to the Australian Government.
 
 
 

Conditions for the Australian 888B Investment Visa

The applicant needs to meet the following conditions:

  • Maintain an investment of $2,500,000 AUD until the 888B Visa is granted, with a minimum period of 3 years.
  • Reside in Australia for at least 2 years within a 3-year period
  • Comply with all Australian laws and refrain from participating in any illegal activities.

Process for the Australian 888B Investment Visa

  • Step 1: The applicant submits an expression of interest and applies for a nomination from an Australian state or territory.
  • Step 2: Once approved, the applicant will receive an invitation to apply from the Australian government..
  • Step 3: The applicant proceeds to submit the 188B visa application according to the provided guidelines.
  • Step 4: After submitting the application, the applicant must transfer funds into the investment fund and will be granted the 188B visa.
  • Step 5: With the 188B visa, the applicant and their family can move to Australia to begin living and carrying out the required investment activities.
  • Step 6: Upon meeting all necessary requirements, the applicant submits an application for the 888B visa.
  • Step 7: Once the application is approved, the applicant and their family will receive permanent residency in Australia.

Note: Currently, there is no specific processing time for the 888B visa

Documents for applying for the 888B visa

To apply for the 888B visa, you need to prepare the following documents:

Personal identification documents:

  • Recent passport-sized photo taken within the last 6 months
  • Copy of a valid passport
  • Valid ID card (CMND/CCCD)
  • Birth certificate
  • Marriage certificate (if applicable)
  • Documents related to name change (if applicable)

Proof of Nomination

  • The applicant needs to apply for a new nomination from the state where they have invested.
  • Complete all required information in Form 1414.

Proof of Investment

  • Confirmation letter from the Australian Treasury stating that the applicant has maintained an investment of at least AUD 2,500,000

Proof of Obligations:

  • Provide documents proving that you have been conducting legal investment and business activities in Australia
  • Submit records showing that you have paid taxes fully and on time to the Australian government

Documents/Procedures for Dependents (if applicable):

  • Necessary identification documents.
  • Documents proving the relationship between the applicant and family members.
  • Health examination results and police clearance certificates proving compliance with health requirements and no criminal record.
  • IELTS certificate with a minimum score of 4.5.

Fees at the time of application

  • 3,310 AUD for the applicant.
  • 1,660 AUD for dependents aged 18 and over.
  • 825 AUD for dependents under 18

Additional Fees

  • 4,890 AUD for the applicant.
  • 4,890 AUD for dependents aged 18 and over 
  • 0 AUD for dependents under 18

(Note: This fee applies if dependents aged 18 and over do not meet the IELTS score of 4.5. The applicant has not paid this fee during the 188B temporary visa application.)

Frequently asked questions about the 888B investor Visa

What investment conditions must be maintained to qualify for the 888B visa?

Investors are required to maintain a minimum investment of AUD 2.5 million in a complying investment fund for at least four consecutive years from the date their 188B visa was granted. The investment must fully comply with the regulations of the nominating state or territory, without any premature withdrawals or changes in the fund’s structure before the required period ends.

How is the residency requirement calculated for the 888B visa?

The primary applicant must have resided in Australia for at least two years during the four years of holding the 188B visa. This period does not need to be continuous but must demonstrate a genuine connection to Australia, such as managing investments, engaging in regular activities, or maintaining a clear residential address within the country..

Will investment losses affect the 888B visa application?

Not necessarily. The Australian Government assesses compliance with investment regulations, not profitability. As long as the investor maintains an eligible investment for the required duration and adheres to all financial and legal requirements, they will remain eligible for the 888B permanent visa, even if the investment does not generate the expected returns.

Professional Support for Obtaining Visa 888B

The transition from the temporary Investor Visa (subclass 188B) to the permanent Investor Visa (subclass 888B) requires careful preparation and strict compliance with the Australian Department of Home Affairs’ regulations. Applicants must:

  • Maintain a minimum investment of AUD 2.5 million in eligible Australian investments. 
  • Meet the residency requirement (at least 2 years within the past 4 years), and ensure there are no outstanding debts to the Australian Government.

As a trusted leader in Australian investment and business visa consulting, Second Citizenship (quoctichthuhai.com) provides clients with comprehensive support from experienced migration experts, alongside partnerships with top-tier investment professionals in Australia.

For more detailed information about the 888B Investor Visa process, please contact Second Citizenship to receive professional guidance and dedicated assistance.

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