The Australian Business Innovation and Investment (Permanent) Visa 888A is an option for investors who already hold a 188A visa and continue to maintain investment or business activities in Australia. With the 888A visa, investors have the opportunity to transition to Australian citizenship after meeting the regulatory requirements without needing to make additional investments.
Additionally, the spouse and children of the primary applicant will also be granted visas along with the applicant, allowing the entire family to settle permanently in Australia.
The applicant must meet the following conditions:
Applicant competency requirements
In the 12 months before applying, the investor must satisfy at least 2 of the following 3 conditions:
Residency requirements:
To apply for the 888A visa, you need to prepare the following documents:
Personal identification documents:
Proof of nomination:
Proof of minimum revenue: 300,000AUD.
Proof of investment: Provide evidence of business activities meeting the requirements.
English proficiency certificate:
If the applicant and accompanying individuals over 18 do not have an English certificate (IELTS minimum 4.5), they will need to pay an additional language fee (only if required by the Department of Immigration).
Proof of obligations:
Documents for accompanying family members (if applicable)
(If the accompanying individual aged 18 and over does not meet the IELTS 4.5 requirement. The applicant has not paid this fee in the temporary 188 visa application)
The Australian Department of Immigration usually takes about 2 years to process 888A visa applications. The specific times are as follows:
Your business must have been legally operating in Australia for at least two years, generating an annual turnover of at least AUD 300,000. You must also maintain a net business or personal asset value of at least AUD 200,000 and create employment for at least two full-time Australian citizens or permanent residents.
Yes, you can — provided you hold a significant ownership interest (at least 30%) in those businesses and can demonstrate an active managerial and operational role. The combined revenue must come from lawful and ongoing business activities within Australia.
Yes. As long as your business is operating stably, with transparent financial reports, and meets the required performance criteria in terms of revenue, profit, and employment, your application can proceed. The assessing authority will focus on the actual performance and sustainability of your business rather than requiring it to be “fully established” before submission.
The process of transitioning from the temporary 188 visa to the permanent 888 visa is a long and important journey, especially for investors who have already been granted the 188 visa. Meeting all the necessary requirements and preparing the documentation for the next stage can be a complex and challenging task.
Second Citizenship, one of Vietnam’s leading firms in investment and immigration consulting, assists clients in obtaining business and investment visas. With our team of highly experienced immigration specialists, you will receive professional guidance throughout the entire process.
Moreover, Second Citizenship collaborates with top-tier investment partners in Australia, experts in real estate, financial investment, and various business sectors, who are ready to provide in-depth knowledge and strategic guidance to help you achieve your goals effectively.
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