With this visa, you can:
• carry out business and investment activity in Australia
• stay in Australia for up to 4 years and 3 months
• bring members of your family with you
• apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream
How long you can stay:
This is a provisional visa. You can stay in Australia for up to 4 years and 3 months. If you applied before 1 July 2015, you can stay up to 4 years.
The visa is granted with multiple entry. You can leave and re-enter Australia as many times as you want while the visa is valid.
The visa starts on the date we grant it.
Once you have this visa, you can apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream.
If you applied for a subclass 188 visa in any stream prior to 1 July 2015, your visa will be valid for four years. If this applies to you, you will be eligible to apply for a subclass 888 permanent visa after 3 years and 11 months.
You can include members of the family unit in your application when you apply. You can also add children to your application at any time before we decide on your application.Family members who apply for the visa must meet health and character requirements.
Family members who are not coming to Australia might also have to meet health and character requirements.
You might have to pay an extra charge for any applicant 18 years old or older who has less than functional English. This charge is the second instalment.
This visa costs AUD4,985.
There is also a charge for each family member who applies for the visa with you.• additional applicant over 18 years old: AUD2,495
• additional applicant under 18 years old: AUD1,245
You might have to pay an extra charge for any applicant 18 years old or older who has less than functional English. This charge is the second instalment. Pay it only when we ask you to. They refund the charge if they do not grant you the visa.
The second instalment charges are:• main applicant: AUD9,795
• family members: AUD4,890
You might also have to pay other costs for health checks, police certificates and biometrics.
You can be in or outside Australia when you apply for the visa and when we decide on your application.
Your application might take longer to process if:• you do not fill it in correctly
• you do not include all the documents we need or we need more information from you
• it takes us time to verify your information
We can't process your application if you do not pay the correct visa application charge. We will notify you if this is the case and if necessary return your application.
You and your family members must meet all visa conditions and obey Australian laws.
In particular, you must maintain your investment and comply with Australian workplace laws.
Maintain your investment:
You must maintain your investment in an Australian state or territory for at least 4 years.
Income that you earn from your investment in Australia is subject to Australian taxation law.
Adequate health insurance:
We recommend you take out health insurance to cover any unforeseen medical treatment you might need in Australia. You are personally liable for all your healthcare costs while you are in Australia. Insurance can help limit your financial liability.
See what we consider adequate health insurance.
Learn more about health insurance for overseas visitors.
Reciprocal healthcare agreements:Some countries have a reciprocal healthcare agreement with Australia. Find out more from the Department of Human Services about reciprocal healthcare agreements.
You can travel outside Australia and return as many times as you want while the visa is valid.
The time you spend outside Australia does not extend the visa.
Australian visas are digital.
We do not put a visa label in your passport. Instead, we link your digital visa record to your passport.