Business Innovation and Investment (Permanent)
Visa 888

There are some potential benefits of business innovation and investment visa, let’s have a look at them in detail.

• You can stay indefinitely in Australia.
• You will be eligible to work and study in Australia.
• You can also enrol yourself in Australia’s Healthcare and Medicare schemes.
• You will have the authority to sponsor your relatives for Australian Permanent Residence.
• You will have the flexibility of travelling in and out of Australia within five years of granting this visa.

There are certain conditions that you will have to fulfil to apply for this visa. These are mentioned below.

• You should be a holder of a Business Provision visa or primary visa holder of a special category visa or visa holder of a Business(Long Stay) Visa subclass 457IE provided all of them should comply with the requirements of that stream.
• You must get a nomination from an Australian State/Territory Government to apply for this visa.
• If there are family members included in your visa application, then they must also fulfil all the health and character requirements along with you.
• Neither you nor any of your family members have a history of doing unlawful activities in Australia.
• You must show enough commitment to maintaining lawful investment and business activities in Australia.
• There should not be any pending debt of you or any family members(named in the visa application) with the Australian Authorities or Government.
• If you have a partner along, then you must portray enough record of complying with commonwealth laws, the laws of every state/territory where you run a business, and to employ people for the operation of that business.

You will have to follow certain steps to apply for this visa. First of all, you will have to submit an EOI(Expression of Interest) to the authorities for which you will get an invite in return. Make sure that you must receive a nomination first to file an EOI. The next step is to gather important documents like identity, health, character, temporary visa evidence and permanent visa evidence documents.

Since you will have to submit these documents along with your visa application, these are of crucial importance for the grant of your visa. Following this, you can then apply online through the Australian Immiaccount. You will have to submit the important documents there only through the online mode. The next step is to realize & verify if there are any changes or any health exams or any other important thing that needs to be addressed before authorities decide on your visa application.

Once you have gone through all the important aspects thoroughly, now is your time to wait. The Australian authorities will take their time to review your application and form a decision on that. If your application gets approved, you will be informed about that with the visa grant number and starting date of your visa on the visa application. However, if the visa gets refused you will be notified about that too(with proper reasons and the right to review the application). Besides, keep a note that the money that you deposited as your visa application fee won’t be refunded at the time of your visa denial.