Overview

The Subclass 888 visa provides a pathway to permanent residence for provisional business and investment visa holders who have established ventures in Australia. Allowing them to remain in Australia indefinitely, it offers certainty for those committed long-term.   

Transitioning from the Subclass 188 Visa

To be eligible, applicants must already hold the provisional Subclass 188 visa. By meeting all requirements of that visa, they can then seek nomination from their original State/Territory nominator and lodge a Subclass 888 visa application.

Key Features 

– Grants permanent residence to holder and accompanying family members. 

– Means to continue operating existing investment or business.

– Full work, healthcare, study and travel rights as Australian permanent residents.

Eligibility Factors

The key criteria include:

– Primary or secondary holder of provisional Subclass 188 visa seeking to transition.  

– Maintained business or investment activity that originally met visa requirements. 

– Compliance with all visa obligations and Australian laws.

– Nomination from State/Territory government or Austrade.  

– Health and character clearances for all applicants.

Conclusion

Allowing longer term stay, the Subclass 888 visa provides certainty to overseas entrepreneurial talent who have already contributed to the Australian economy through successful establishment of ventures.