Australian Business Innovation and Investment visa has basically two stages. The first stage one ensures applicant’s arrival and work in Australia for up to 4 years and 3 months. This stage is the provisional or temporary stage. The Subclass 888 Business Innovation and Investment (Residence) visa is the permanent stage for the subclass 188 Business Innovation and Investment visa.
What you can do when you have this visa:
The visa subclass 888 is for 188 visa holders (Business Innovation and Investment) who now want to apply for Australian permanent residency.Source: Department of Home Affairs, Australia
Carefully review all eligibility requirements for visa subclass 888. If you are on 188A (Business Innovation stream) then you should know that there is a stay requirement, turn over and other requirements that you must fulfil in order to apply for 888 visa. Read details on your state government’s website.
First, you must register your interest here in order to apply for state nomination.
You will then be asked to submit all the requested documentation. If additional information is required, your state immigration officer will contact you.
There will be a fee for the state application which is non-refundable. Visa officer will then start processing your file for 888 visa
Please note: some states will give you 14 days to finalize your application from the date of invitation. By this time, if you are unable to submit the appropriate information, you must seek an extension from your state website.
Once your completed state application is received and approved, you will receive instruction by email to lodge your visa application. You will be given enough time (60 – 90 days) to lodge your application with the DHA, but you must lodge your visa application before your current visa expires.Source: Department of Home Affairs, Australia