What is the Premium Investor Stream of the 888 Visa?

The Premium Investor Stream of 888 Visa is a permanent residency visa that allows Premium Investor Stream of the 188 Visa holders to continue their investment activities and live in Australia indefinitely. You can either be in or outside Australia when applying and when the decision is made.

 

Am I eligible to apply for the Premium Investor Stream of the 888 Visa?

What are the requirements for the Premium Investor Stream of the 888 Visa? You may meet the requirements if you

  • are nominated by an Australian State or Territory government agency before applying for the visa
  • hold the Premium Investor Stream of the Business Innovation and Investment (Provisional) Visa at least 1 year.
  • have followed Commonwealth and States or Territories laws where your business operated
  • 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 888 Visa?

With the Business Innovation and Investment (Permanent) Visa (Subclass 888) you can:

  • stay and carry out your investment activities in Australia permanently
  • work and study in Australia permanently
  • enrol in Australia’s public health care scheme
  • sponsor eligible relatives to come 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 Investment 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 required information can help expedite the process.

 

Frequently Asked Questions for Premium Investor Stream

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

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

 

Why choose Withstand Lawyers for the Business Innovation Visa?

At Withstand Lawyers we have made Permanent Business Innovation Visa application process easier and faster for many clients. Our firm specialises in immigration law and has experienced legal professionals and resources required to provide you with the guidance and representation that is needed to ensure you reach your immigration goals. Please book a meeting online or call us on 1800 952 901 for professional assistance.

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