The program closed permanently to new applications.
Visa file / Visitor and other visas
Business Innovation and Investment (Permanent) visa 888
Only for people who already hold the provisional business innovation and investment visa.
Closed to new applicants
File: 888
Main chargeA$4,375
Information checked22 October 2026
Personal adviceRegistered agent only
Who it is for
Existing holders of the provisional business innovation and investment visa. The Business Innovation and Investment Program closed permanently to new applications on 31 July 2024. Only extension streams and this permanent visa remain for current holders. Business people without that visa should look at the National Innovation visa or employer and skilled visas.
Closed to new applicants: 31 July 2024 (program closed to new applications; 888 remains for 188 holders)
Published eligibility
- Hold the provisional business visa and a current state or territory nomination.
- Business Innovation stream: 2 years owning and managing an Australian business, turnover of at least A$300,000 in the last 12 months, and asset or employee tests.
- Residence in Australia as set for your stream; compliance with Australian laws; functional English or second instalment.
Where you apply from
In or outside Australia (not in immigration clearance).
Streams
- Business Innovation
- Investor
- Significant Investor
- Premium Investor
- Entrepreneur
Related
From first enquiry to grant and after.
The usual steps, and where a registered migration agent can help at each one. Immi Worldwide gives general information and settlement support, never advice about your visa.
- 01
Readiness review
Check ownership, turnover, assets, employees and residence.
Where a registered migration agent can helpReviews readiness honestly.
- 02
Service agreement
Before any personal advice or preparation, you receive a written service agreement and the OMARA Consumer Guide.
Where a registered migration agent can helpSets out the work, the fee and the refund policy in writing. No money is taken for visa work before the agreement is signed.
- 03
Nomination
The state confirms the nomination is current.
Where a registered migration agent can helpCoordinates with the state.
- 04
Lodge
Lodge with business and residence evidence.
Where a registered migration agent can helpPrepares the evidence.
- 05
Permanent residence
Citizenship when eligible.
Where a registered migration agent can helpPlans the next step.
Charges and processing times.
| Charge | Amount |
|---|---|
| Main applicant | A$4,375 |
| Family member 18 or over | A$2,195 |
| Family member under 18 | A$1,090 |
| Provisional visa extension streams, main applicant | A$1,505 |
Source: Home Affairs Current visa pricing table, charges from 1 July 2026. Check the Visa Pricing Estimator before you rely on a figure.
| Stream | 50% decided within | 90% decided within |
|---|---|---|
| Business Innovation stream | 9 months | 10 months |
| Investor stream | 5 months | 6 months |
Home Affairs Global visa processing times. Read 22 October 2026. Times change monthly and are not a promise. Global visa processing times.
Common refusal reasons
- Turnover or asset tests not met.
- Ownership or management not continuous.
- Residence not met.
- Nomination not current.
- Tax or workplace law breaches.
Drawn from the published criteria and general practice experience. They are not Departmental statistics.
Document checklist
Business
Other
A general list. The Department's own document checklist for your application is the one that counts. Ticks stay on this page only.
What changed, and what people ask.
Sources
- Home Affairs: Business Innovation and Investment (Permanent) visa (subclass 888)
- Home Affairs: skilled migration recent changes
Information checked 22 October 2026. General information only, not advice about your circumstances.
Where this becomes advice
How any of these rules applies to a particular person, which visa to choose, and any application are immigration assistance, given only by a registered migration agent.
Immi Worldwide does not give immigration assistance. For advice about your own situation, Immi Worldwide can refer you to Sukh Sandhu, Registered Migration Agent, MARN 1384130, of The Immigration Worldwide Pty Ltd, or you can choose any registered migration agent.
Ask for a referral to Sukh Sandhu, Registered Migration Agent, MARN 1384130 Ask for a call back about a referral
The referral form opens with the box to pass your enquiry to the registered agent already ticked. Immi Worldwide does not charge for a referral.