One of the most widely used Australian business and investment visas, the Business Innovation & Investment (Permanent) visa (subclass 888), is the second stage of the Business Innovation & Investment Permit (sub-category 188).
The aspirants may file a petition for the same in a situation wherein he has catered to the conditions of his provisional permit. Significantly, there’s no need whatsoever on the part of the candidates to have a fresh Expression of Interest (EOI) to submit a petition for the given permit.
The Business Innovation & Investment (Permanent) Permit (sub-category 888) enables the proud holders to carry on being the owner, and look after a firm/enterprise in Down Under (the Business Innovation Class); carry-on business & investment activities in the country (the Investor stream & the Significant Investor Class).
Who can file a submission?
One may submit a petition for the said permit in case he:
- Holds a temporary Business Innovation & Investment Permit (sub-category 188);
- Has fulfilled the prerequisites of that permit in the category in which he had applied initially;
- Has nomination from an