The Business Innovation and Investment Visa 888 and the Business Innovation and Investment Visa 188 are immigration visas designed for individuals interested in starting or managing a new or existing business in Australia. These visas are part of the Australian government's efforts to attract talented and entrepreneurial individuals who can contribute to the Australian economy.

All about the Business Innovation and Investment Visa 888

The Business Innovation and Investment Visa 888 is a permanent residency visa allowing individuals to permanently live and work in Australia. This visa is for individuals who have held a Business Innovation and Investment (Provisional) visa subclass 188 for at least two years and have demonstrated a commitment to their business and investment activities in Australia. To be eligible for this visa, individuals must have a successful business track record and a minimum net business and personal asset value of AUD800,000.

All about the Business Innovation and Investment Visa 188

The Business Innovation and Investment Visa 188 is a provisional visa allowing individuals to live and work in Australia for four years while establishing their business and investment activities. This visa is the first step in obtaining permanent residency in Australia through the Business Innovation and Investment Visa 888. To be eligible for this visa, individuals must have a business or investment proposal that is considered to be of high economic value to the Australian economy, and they must be able to demonstrate their business and investment experience.

Application process for the Business Innovation and Investment Visa 888 and the Business Innovation and Investment Visa 188

The application process for the Business Innovation and Investment Visa 888 and the Business Innovation and Investment Visa 188 can be complex and time-consuming. Individuals must provide extensive documentation, including a detailed business and investment proposal, financial information, and evidence of their business and investment experience. Additionally, individuals must also undergo medical and character assessments.

It is important to note that the Australian government has strict requirements for what constitutes a high economic value business or investment proposal. To be successful in their application, individuals must demonstrate that their proposal is innovative, viable, and has the potential to generate significant economic benefits for Australia.

Differences between the Business Innovation and Investment Visa 888 and the Business Innovation and Investment Visa 188 

• The Business Innovation and Investment Visa 888 is a permanent residency visa. At the same time, the Business Innovation and Investment Visa 188 is a provisional visa that allows individuals to stay in Australia for four years.
• The Business Innovation and Investment Visa 888 is only available to individuals who have held a Business Innovation and Investment (Provisional) visa subclass 188 for at least two years and have demonstrated a commitment to their business and investment activities in Australia. The Business Innovation and Investment Visa 188 is open to individuals with a high-value business or investment proposal that is considered a significant economic benefit to Australia.

The Business Innovation and Investment Visa 888 and the Business Innovation and Investment Visa 188 provide individuals with the opportunity to live and work in Australia and establish their business and investment activities. These visas can be a great opportunity for individuals looking to start or grow a business in Australia. However, the application process can be complex, and it is important to understand the eligibility requirements and provide all necessary documentation. If you are considering applying for one of these visas, it is recommended that you seek professional advice to ensure the best chance of success.