Do you hold a Subclass 188 Business Innovation and Investment (Provisional) visa? If you do, are you unsure about how to increase your chance of getting the Subclass 888 Business Innovation and Investment (Permanent) visa? Clients often ask, “what do we have to do to help our subclass 888 application go smoothly?” To help you, we have provided a list of things you can do to demonstrate consistent management of your business while on a 188 temporary visa and to fulfil necessary requirements for the purpose of obtaining a permanent 888 visa.
Basic Requirements of 888 Visa
The general criteria for a subclass 888 visa are as follows:
- Hold the appropriate visa – subclass 188 visa.
- A valid and current state nomination.
- Have experience owning and managing a business in Australia for two years prior to the 888 application.
- Have an annual business turnover of AUD$300,000 in the 12 months preceding the application date.
You must show at least two of the following:
- Assets worth AUD$200,000 in net value in your main business (or two main businesses) in Australia.
- Personal and business assets in Australia worth AUD $600,000 in net value.
- Equivalent of at least 2 full-time eligible employees in your main business.
- Complied with Australian law when operating the business.
- Have functional English.
- Must be in Australia for at least one of the two years immediately before you apply.
- Not be involved in unacceptable business activities.
- Have a realistic commitment to continuing the business.
- Meet the health and character requirements.
Day-to-Day Management
Part of the eligibility requirements for the subclass 888 visa is that you own and manage a business. This involves a direct and continuous managerial role in the business. You will be asked to provide documentation to show that you are actively involved in the business.
In preparation for the visa, things to keep in mind include
- Contracts and Business Documents:
- Ensure you have the documents proving the purchase of the business.
- If you operate a franchise, ensure that you have the relevant franchise agreements.
- Maintain records of relevant contracts you have with contractors, resellers, and customers.
- Make sure that you maintain a record of minutes from company meetings so it can be used as evidence.
- Any communication that you have with other businesses or customers (i.e. letters or emails) are essential as proof.
- If you have any business documents that you have signed, remember to keep them as it can be used to show that you have participated in the day-to-day management of the company.
- If you are involved in the hiring and recruitment process of the company, ensure that you save all the relevant documents.
- It is important to manage and keep any documentation that you have which show your involvement with the strategic management of the company.
- Remember to keep al receipts that demonstrate purchases for the company.
- Prepare an organisational chart to show the structure of the company. It must include your position, your staff distribution, the reporting lines, as well as the functional responsibilities of each position.
- Employees:
- Ensure that you submit your employees’ PAYG summaries to the Department of Home Affairs as evidence to show that you have hired at least 2 workers.
- Make sure that you have an employment contract with the employees. The employment contract should be compatible with Australian employment rules and regulations.
- Prepare the relevant insurance and superannuation documents.
- Show evidence of a staff roster.
- Assets:
- To be eligible for the visa, you are required to show that you have personal/business assets.
Leading up to the visa applications, ensure that you have the documents ready. Some of the documents may include:
- Evidence of property ownership – For example, title deeds;
- Valuation certificate;
- Mortgage statements;
- Loan agreements;
- Share and bond registers;
- Trust deeds.
Documents are crucial for the Department to assess your visa applications. Therefore, it is important that you engage a reliable migration agent make application process smooth and ensure you have all the necessary evidence.
Contact No Borders Migration for a free consultation!
Email: [email protected]
Tel: +61 (07) 3876 4000
Consultation: https://www.noborders-group.com/form/free-consultation
General FAQs Business Innovation Visa Subclass 888
Can I include my family members on my 888 visa application?
Yes, you can include your family members on your 888 visa application.
Is it necessary to be in Australia at the time of 888 visa application?
No, you can be anywhere while applying for 888 visa application.
What if I am not eligible for an Australian business visa?
If you answer all the questions and find that you are not eligible for an Australian business visa, you are welcome to contact us at
NO BORDERS: #1 TRUSTED MIGRATION AGENTS
Email: [email protected]
Tel: +61 (07) 3876 4000
Consultation: https://www.noborders-group.com/form/free-consultation
to discuss other options you might have through a different program.
Other types of Australian visas that might be of interest to you include
- General skilled migration visas (subclass 189, 190 or 491)
- Employer sponsored visas (subclass 482, 186 or 494)
- Student visas (subclass 500)
- Working holiday visas (subclass 417 or 462)
- Temporary visas (subclass 400, 403, 408, 417 or 485)
Need help with getting Australian Visas?
NO BORDERS: #1 TRUSTED MIGRATION AGENTS
Email: [email protected]
Tel: +61 (07) 3876 4000
Consultation: https://www.noborders-group.com/form/free-consultation
We will help you by exploring visa options and securing application. As part of our services, we will assess the eligibility of the application for a partner visa and help you to get out of the abusive relationship and provide you with detailed advice on your chances of success. If you would like to discuss your visa options and evaluate the pathway to permanent residency, please make an enquiry or book a consultation to get expert advice with one of our knowledgeable and experienced Migration Agents/Lawyers on 07 3876 4000 or email: [email protected].