Business Visa – Significant Investor Stream Subclass 888C (Permanent)

Overview

  • As a permanent visa, Businss Visa – Significant stream (Subclass 888C) is the second and final stage of Business Visa – Significant Investor stream (Subclass 188C) and lets its holders to stay permanently in Australia whilst continuing their investment activities.

  • Even simpler than the first stage, Subclass 888C visa involves no Expression of Interest (EOI), but does require nomination from state/territory government or Austrade.

  • You may include your family in your visa application so your entire family can migrate together.

Process

Step 1 Apply for state/territory nomination

Step 2 – Submit application for Subclass 188C visa once nomination is approved

Eligibility

Obtain nomination from state/territory government or Austrade

Have not had involvement in unacceptable business or investment activities

Meet health and character requirements

Have functional English (or a second instalment of application fee applies)

Have a realistic commitment to continue your business or investment activity in Australia.

Residence: 40 days per year for primary applicant or 180 days per year for secondary applicant (unless COVID-19 concessions apply), which means primary and secondary applicants can ‘swap’ where the seconday applicant for Subclass 188A visa can now become the primary applicant for Subclass 888A visa in order to meet the residence requirment

Investment: Have held the investment for at least 4 years

Tell the Immigration of any funds you transferred from one investment to another.

If any part of your investment is or was a direct investment in an Australian proprietary company, then:

  • if the period of the direct investment was less than 2 years, the company must have been a qualifying business for the whole period, or
  • if the period of the direct investment was 2 years or more, the company was a ‘qualifying  business’ for at least 2 years, or
  • if the company has been unable to operate as a ‘qualifying business’, you must have made a genuine attempt to do so

Special Notes

Qualifying Business

A qualifying business:

  • is operated for the purpose of making profit through the provision of goods, services or goods and services (other than the provision of rental property) to the public; and

  • is not operated primarily or substantially for the purpose of speculative or passive investment.​

COVID-19 Concessions

Arrangements are in place for provisional visa holders who may have been disadvantaged as a consequence of the COVID-19 pandemic. During the ‘Covid-19 concession period’ which commenced 1 February 2020 and is ongoing, time spent overseas will count as time being in Australia if:

Location

Applicants may be in or outside Australia at the time of application and visa grant.

Duration of Stay

This is a permanent visa that allows you to stay permanently in Australia. However, its travel facility expires after 5 years so you will need to apply for Resident Return Visa (Subclass 155 & 157)  or Australian citizenship (if eligible) if you wish to travel overseas and back to Australia after the expiry date.

Tricks and Common Reasons for Refusal

1 – Unfamiliarity with How the Australian Immigration Works and Its Mentality

In many cases, applicants prepare and submit their supporting documentation in a disorderly way, giving the Immigration a hard time digging through tons of paperwork to get things in the right order when picking up a new visa application. This will potentially lead to endless back-and-forth clarification and explanation, wasting both sides lots of time and can even result in a refusal of Subclass 888C visa.

This is common since applying for a visa, especially a permanent one, is the very first time to most applicants. For this reason, our team have developed our own system for labelling, coding, structuring and, where necessary, cross-referencing documentation so your application can be submitted in the most presentable and logical manner. Making your application stand out among all competitors has been our goal from day one.

2 – Careless Yet Costly Mistakes

Applying for migration is seen as a delicate work of art due to the staggering amount of attention, paperwork, and details involved. A seemingly minor/harmless error such as a typo in your résumé, a date entered wrong, or a tick in the wrong box in the lengthy visa application form can prove costly as the Immigration processes all visa applications strictly in accordance with migration law, in particular Migration Act 1958 and Migration Regulations 1994. Even a small error can be regarded as failing to satisfy a visa requirement and therefore lead to a visa refusal. To minimise such incidents, our team pay extra attention while editing and drafting every client’s paperwork and always proofread and also conduct a final review of documentation before submission.

3 – Applications Not Being Decision-ready

Another common reason of refusal for Subclass 888 visa is submitting an application without all the required documentation. This happens incidentally when the application was prepared carelessly, or intentionally when the applicant was trying to rush an application for whatever reason (e.g. meeting a cut-off date of a major migration policy change, which happens almost each and every year and often catches people off guard). Even with nearly 20 years of experience, we handle each application meticulously as our first to ensure nothing slips through the cracks. Should a sudden change of policy hit and impact you, we are more than capable of advising you what documents are mandatory at the time of submission and what can wait so you are not in danger of a straight-up visa refusal upon submission.

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

Application Fees​

You may include your family in the application so your family can migrate to Australia together.

First Instalment

  • Main applicant: $2935

  • Each secondary applicant aged 18 or over: $1470

  • Each secondary applicant under 18: $730

Second Instalment

For each secondary applicant at least 18 is assessed as not having functional English at the time of application, a second instalment of $4890 applies.

Please note: you may incur third-party charges, for example, for assets valuation, translation, English test, police certificate and health exam.

Processing Time​

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

  • 75% of applications: 26 months

  • 90% of applications: 27 months

Our Unbeatable Services - How Exactly We Make It Hassle-free

  • 186 Employer Nomination Scheme VisaLet’s face it – visa applications are complex, especially when you are not an expert in Australian immigration law - that is Migration Act 1958 and Migration Regulations 1994.

  • Simply put – our visa and immigration legal services are truly unbeatable.

  • This is because our immigration lawyers and registered migration agents in Melbourne do all of the 40 Things in Our Exclusive 5-step Services for you to:

    • give you a stress-free visa application journey;
    • maximise your chances of a successful application outcome.
  • Can you find such detailed and specific services elsewhere? We guarantee you can’t.

  • This way, you know your money really is well-spent.

Please note a client refers to a visa applicant, their family members or a sponsoring employer where applicable.

Teng Bonnie
3 days ago
Danny and the team are very helpful! Would recommend to anyone who is looking into applying visa.
Daniel Payne
3 days ago
Great experience.
Jahangir Alam
3 days ago
Niruta Shrestha
1 week ago
Danny was very helpful
Wind
1 month ago
Great service. My subclass 820 just granted yesterday thanks to Harmandeep and the team.
danmiller20
1 month ago
10/10 with dealing with Danny and harmandeep, harmandeep was so helpful and went out of her way to help with any problems that occurred during my application. Would definitely recommend
roydon douyere
1 month ago
Thanks to team Danny for his outstanding work in getting our Prospective Marriage visa subclass 300 a job well done. A special big thank you to Harmandeep Kaur who was professional , very polite and knowledgeable throughout the whole process.Will definately recommend anyone
Sana Khan
2 months ago
I had a truly eye-opening and insightful session with Gold Medal. Danny provided a comprehensive and detailed analysis of the visa application process, explaining each step with clarity and professionalism. His in-depth knowledge and ability to break down complex requirements made the entire process much easier to understand.
The information he shared was extremely valuable and has given me the confidence to move forward with my visa application.
I genuinely appreciate the guidance and support provided, and I highly recommend their services to anyone seeking clear, reliable, and professional assistance with the visa process.
Geeta Magar
2 months ago
Emigrate Lawyers has the best legal team and the best legal services. They value the clients.
Sergio A Diaz
2 months ago
Gold medal visas were very helpful in explaining the visa process thoroughly and laying out a path to a successful visa grant. Would highly recommend.
Carmela Mccormick
2 months ago
Highly professional and reliable service. They successfully helped me secure another citizenship for my children with clear communication and excellent support throughout the process. We truly appreciate their dedication and would confidently recommend them to others.
Sbukhari
2 months ago
Very nice experience easy going staff
Rain Neufeld
2 months ago
had our first consultation with danny last week. customer service is phenomenal and our consultation was very informative.
Zane Whiting
2 months ago
Made an appointment with Danny for my partners visa application (820). Initial phone call and in person consult was incredibly informative, Danny seems to really know his stuff and went into details I wouldn’t have even thought of if we had tried to start the application ourselves. We left feeling quite confident for the outcome of the application.
Lucho Rivero
3 months ago
Really professional, they don't just tell what you want to hear, they offer real paths to get your visa and they get it done!
They always keep in contact with you and answer any question.
Thanks to Danny for getting my visa!! I would recommend to anyone
Arif Ahsan
3 months ago
I had a very positive experience with the Gold Medal Visa Immigration Consultancy. From the first consultation, I met Danny who was very professional, knowledgeable, and patient in answering all my questions. He explained the visa process clearly and kept me informed at every stage.

My documents were checked thoroughly, and I was guided on what was needed to avoid delays or mistakes. Communication was prompt, and I always felt confident that my application was being handled with care. Danny is very knowledgeable about any kinds of visa situation.

Thanks to his support, my visa application was successful. I highly recommend the Gold Medal Visa Immigration consultancy to anyone looking for reliable and trustworthy immigration assistance.
Andrea Rivera
4 months ago
Easy and smooth way to get your visa done
Michael Opare
4 months ago
Great service, very friendly and very helpful!
Yash
4 months ago
T Hall
5 months ago
I had an amazing experience with Danny today. Thank you so much for your patience and answering my questions regarding my Mum's visa. Greatly appreciated.
Wow.. outstanding service. Highly recommended 👌
Danny was incredibly helpful. I came in with only a vague idea of how the immigration process worked, but he took the time to break down each step clearly and explain what everything meant. It really helped me understand the process better and gave me the confidence to make an informed decision.
Veronica Montes
5 months ago
They really help me with my visa papers, always in touch giving me the best options. totally recomended
jimmy phung
6 months ago
Thank you to Harmandeep and the team at Gold Medal Visa for their professionalism and clear explanations throughout the process. Our Visa granted on 06/10/25. highly recommend using Gold Medal Visa for your visa application, their expertise makes the process easy and smooth! Thank you.
Sean Woo
7 months ago
Thank you to Danny and the team at Gold Medal Visa for their professionalism and clear explanations throughout the process. Everything was handled smoothly and with great care. Highly recommend their services
Melissa Tsui
7 months ago
Anica B
7 months ago
Highly recommend, really happy with the service we received. Helped us step by step and was very responsive and knowledgeable
Josip Meštrović
8 months ago
Very professional, knowlegable when it comes to the migration law. Just made sure to get all the documentation that Danny said we would need, and got the partner visa in a record time. Truly remarkable! I highly recommend using Gold Medal Visa for your visa application, their expertise makes the process easy and smooth!
Julio Caceres
9 months ago
Thanks to Danny, he helped me and my sponsor company to do our process visa application 482. I'm extremely happy with the results.
nayareth salama
9 months ago
Thank you so much Gold Medal Visa, I’m very happy with the service and the results of my visa 482. They help us with everything, easy and smooth process. I highly recommend them.
Clara Hernández
9 months ago
A very professional agency. They are very direct, honest, and transparent.
Aly Danilo
9 months ago
A professional and helpful agency, strongly recommended for visa enquiries.
Rico Acio
9 months ago
Exceptional service without costing as much compared to other agencies. Highly recommend Danny and Gold Medal Visa’s services.
MHAle7212
9 months ago
Thanks for the hard work and professionalism, our partner visa got approved a lot sooner than expected.