What is the Entrepreneur Stream of the 888 Visa?

The Entrepreneur Stream of the 888 Visa is a permanent residency visa that allows Provisional Entrepreneur Stream of the 188 Visa holders to continue their successful entrepreneurial activities and live in Australia permanently. You can either be in or outside Australia when applying and when the decision is made.

 

Am I eligible to apply for the Permanent Entrepreneur Visa?

What are the requirements for the Entrepreneur Stream? You may meet the requirements if you

  • hold the Business Innovation Stream of the Business Innovation and Investment (Provisional) Visa or its extension stream
  • are nominated by an Australian State or Territory government agency before applying for the visa
  • have a successful entrepreneurial activities in Australia
  • have resided in Australia for a minimum of 2 years with your provisional visa
  • do not have any previous visa cancellations and have complied with conditions of your previous visa
  • meet health and character requirements
  • meet functional English language requirements. See below tab for more information on this requirement

Functional English Evidence Requirements

You will meet the functional evidence requirement if you meet one of the following:

  • hold a valid passport issued by the United Kingdom, the United States of America, Canada, New Zealand or the Republic of Ireland
  • Your English has been assessed as functional by an Australian Adult Migrant English Program service provider
  • You completed a degree, a higher degree, a diploma or a trade certificate in an institution in or outside Australia that required at least 2 years of full-time study in English
  • you undertook your education at:
    • Institution: a primary school and secondary school where all instruction was in English in or outside Australia

Study Time: All years of primary and at least 3 years of secondary study

  • Institution: a secondary school in or outside Australia where all instruction was in English

Study Time: At least 5 years of study

  • Institution: an institution in Australia where all instruction was in English

Study Time: At least 1 year of full-time study towards an award

  • Institution: an institution in Australia where all instruction was in English Study Time: The part-time equivalent of 1 year of full-time study towards an award
  • in the 12 months before you applied for the visa, you scored one of the following:
  • IELTS: An average band score of at least 4.5 based on the 4 test components
  • TOEFL iBT: A total band score of at least 32 based on the 4 test components of speaking, reading, writing and listening
  • PTE Academic: An overall band score of at least 30 for each of the 4 test components
  • CAE: An overall band score of at least 147 for each of the 4 test components

What are the benefits of the Entrepreneur Stream of the 888 Visa?

With the Entrepreneur Stream of the Business Innovation and Investment (Permanent) Visa you can:

  • live, work and study in Australia permanently
  • enrol in Australia’s public health care scheme (Medicare)
  • bring eligible relatives to Australia
  • travel to and from Australia for 5 years
  • apply for Australian Citizenship if you are eligible

 

What are the costs of the 888 Visa?

The Department of Home Affairs visa cost for the main applicant of the Business Innovation and Investment (Permanent) Visa is AUD $2,590

 

How long does it take to get the Entrepreneur Stream of the 888 Visa?

The Department of Home Affairs assesses applications on a case-by-case basis and processing times are not available for this stream. Completing application with necessary documents, responding to any requests quickly and providing correct information can help expedite the process.

 

Frequently Asked Questions for Entrepreneur Stream

Can I include my family members to Australia on the 888 Visa - Entrepreneur Stream?

Yes, you can include your family members when you apply or any time before a decision is made.

What are the success factors for my record of entrepreneurial activities?

You need to meet either 2 key success factors, or 1 key success factor and 3 supporting success factors.

Key success factors include:

  • generating an annual turnover of at least AUD $300,000
  • filing a provisional patent or acquiring a standard or innovation patent
  • receiving investment or ongoing funding in your entrepreneur activity
  • employing 2 or more Australian permanent residents or other eligible persons
  • entering into a partnership with a university
  • selling an entrepreneurial venture for AUD $2 million

 

Supporting success factors include:

  • raising or contributing to social capital
  • adapting your entrepreneurial activities into other business areas
  • receiving a statement of success from a state or territory government nominator
  • starting at least 1 other business or contributing to at least 2 other businesses
  • receiving formal awards or recognition
  • receiving sponsorship from the corporate sector

 

Why choose Withstand Lawyers for the Business Innovation Visa?

At Withstand Lawyers we have had many 888 Visa applications in NSW and Victoria. Our firm specialises in immigration law and has senior immigration lawyers and agents who can provide you with the guidance for the Entrepreneur Stream of the Permanent Business Innovation Visa. Please call us on 1800 952 901 or book a meeting online or for professional assistance.

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