What are the Australia Investor Visa Requirements for 888B (Permanent) Visa?

What are the Australia Investor Visa Requirements for 888B (Permanent) Visa?

The subclass 888B- investor stream is a permanent residency visa that permits overseas investors to continue their business and investment activities in Australia. The 888B is the second stage of the Australia subclass 188 visa, an investor stream (provisional) visa. You can apply for the subclass 888B visa once you have satisfied the basic requirements of your temporary 188B visa.

Since subclass 888B is a permanent residency visa, it requires an applicant to be nominated by a state or territory government agency or by Austrade on behalf of the government of Australia. You need not lodge an Expression of Interest or be invited to apply for the subclass 888B visa.

What are the benefits of having an 888B Visa Investor stream (Permanent)?

• With this visa, you can permanently live in Australia
• Enjoy unrestricted rights to work and study in Australia
• Enrol in Australia’s public healthcare system, Medicare
• You can sponsor your relatives and family members to come to Australia
• Apply for citizenship (if eligible)

 

Who is eligible?

• You must be holding an 188B visa- Investor Stream (Provisional) visa.
• You must be residing in Australia for at least two years in the last three years immediately before filing the PR visa application.
• The significant investment of AUD 2.5 million made while applying for Subclass 188B must have been held continuously during the whole period of the 188B visa.
• You must show a genuine commitment to continue investment activities in Australia
• Have functional English language skills.
• Meet health and character requirements.

 

How it works?

Step 1: Check the eligibility to apply for a Business visa

Step 2: Start preparing relevant documents in favor of the visa application.

Step 3: Now submit the state nomination application for your state or territory and await an invitation.

Step 4: Upon receiving the invitation, you will have 60 days to gather all supporting documents and submit the visa application.

Step 5: Before the department decides on your application, they usually ask you to prepare health and police checks.

Step 6: The DHA will approve your visa once all the visa criteria are met, and the documents are satisfactory.

 

Why choose us for your business visa application?

• At Abhinav Immigration Services, our team specializes in preparing and submitting Australia business visa applications.
• We have the ability to demonstrate your management experience, skills, and assets to meet the investor visa requirements.
• We help you in financial and business document review before filling the application to permanently migrate to Australia.
• Preparing your visa application
• Documentation and evidence collection
• Monitoring the progress of your application through regular follow-ups
• IELTS test preparation

 

For more information about  Australia Investor Visa Requirements for 888B you can contact our visa professionals on 8595338595 or mail us at [email protected]