Business Visa – Investor Stream
Subclass 888B
(Permanent)

Process

Step 1 – Apply for state/territory nomination

Step 2 – Submit application for Subclass 888B visa once nomination is approved

Eligibility

COVID-19 Concessions

Arrangements are in place for provisional visa holders who may have been disadvantaged as a consequence of the COVID-19 pandemic. ‘COVID-19 concession period’ commenced 1 February 2020 and is ongoing.

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Visa Expiry Concessions

From 19 September 2020 until 3 months after the end of the concession period, you can also apply for this visa if you:

• held a Business Visa – Investor stream (Subclass 188B) which expired during the ‘COVID-19 concession period’; or

• were the secondary visa holder of a Business Visa (Subclass 188) and your visa expired during the ‘COVID-19 concession period’; and

  • your visa expired during the ‘COVID-19 concession period’; and

  • your spouse or de facto partner is the primary holder of a Business Visa – Investor stream (Subclass 188B).

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Investment Concessions

You will are regarded as meeting designated investment requirements if:

• you first withdrew funds from, or cancelled your designated investment during the ‘COVID-19 concession period’; and

• you were physically resident in Australia for at least 2 years immediately before this occurred; and

• your designated investment had been held continuously in your name, or in the names of yourself and your spouse or de facto partner together during that time; and

• you did not withdraw funds from, or cancel your designated investment other than during the ‘COVID-19 concession period’.

• You must also hold or have held a Business Visa – Investor stram (subclass 188B) that was granted on or before 30 June 2019.

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Residence Concessions

You must have been in Australia for a least 2 of the past 4 years. During the ‘COVID-19 concession period’, time spent overseas will count as time being in Australia if you were the holder of a Business Visa – Investor stream (Subclass 188B).

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You can apply for this visa if you applied from 19 September 2020 until 3 months after the end of the ‘COVID-19 concession period’ if:

• your first Business Visa – Investor stream (Subclass 188B) was granted on or before 30 June 2019; and

• one of the following applies:

  • you held a Business Visa – Investor stream (Subclass 188B) which expired during the concession period; or

  • your visa expired during the concession period and your spouse or de facto partner was the primary holder of a Business Visa – Investor stream (Subclass 188B)

Duration of Stay

Benefits

With this visa, you may:

• migrate to Australia together with your family

• stay and live in Australia permanently

• potentially bring your extended family members to Australia permanently on parent visa or visa intended for other relatives

• access various government benefits, including but not limited to:

  • pension

  • unemployment and job-seeking benefits

  • cocession cards for commuting

  • benefits associated with new-born baby

  • interest-free school loan

• travel overseas and back to Australia without limitations for any purposes (e.g. overseas holiday, visiting family and/or attending family matters in home country)

• access Australia’s public health care scheme (Medicare) which essentially provides free medical consultations, operations and hospitalization for a wide range of medical conditions

• study in Australia without any limitations

• attend free English language course provided by Australian government

• apply for Australian citizenship when eligible

Processing Time​

Kindly note the processing time constantly varies. Please contact us for update.​

• 75% of applications: 23 months

• 90% of applications: 24 months