888 Business Innovation (B)
Purpose
This visa lets you continue your investment activities in Australia permanently.
You must
- hold a Business Innovation and Investment (Provisional) visa in the Investor stream
- When you applied for your provisional visa, you invested AUD1.5 million in an Australian state or territory. We call this a ‘designated investment’. You must have held your designated investment for at least 4 years if the provisional visa was granted on the basis of an application made on or after 1 July 2015, or for at least 3 years and 11 months if the provisional visa was granted on the basis of an application made before 1 July 2015.
- have a current nomination from an Australian state or territory
- You must have lived in Australia for at least 2 of the 4 years immediately before you apply.