Migration Service

Subclass 888 Business Innovation and Investment (Permanent) Visa

Permanent residence visa for 188 provisional holders who meet stream-specific business or investment performance criteria.

Key highlights

What's included

  • Upgrade from 188 provisional to permanent residence
  • Four streams: Business Innovation, Investor, Significant Investor, Premium Investor
  • Designed for entrepreneurs and investors with continued Australian commitment
Common questions

Frequently asked questions

Do I need a 188 visa before applying for 888?

Yes — the 888 is designed exclusively for holders of corresponding 188 provisional visas who meet PR criteria.

What's the difference between the four 888 streams?

The four streams target different profiles: 888A (active business operators), 888B (investors), 888SIV ($5M+ investors), 888PIV ($15M+ investors).

Can I change streams from 188 to 888?

Generally no — you apply for the 888 stream corresponding to your 188 stream. Cross-stream transitions are uncommon and require professional advice.

How long is the residence requirement?

Varies by stream — 888A/B: typically 2 years residence in the 188 period; 888SIV: 1–3 years; 888PIV: 12 months.

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