Business Innovation and Investment (Permanent) subclass 888 visa

 
 

The first instalment visa application charge for an 888 visa under the Entrepreneur stream is as follows:

Item 1104BA (a) first instalment (payable at the time the application is made):

(i)  for an applicant seeking to satisfy the primary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa in the Entrepreneur stream:

First instalment

  1. Base application charge$3 600
  2. Additional applicant charge for an applicant who is at least 18$1 800
  3. Additional applicant charge for an applicant who is less than 18$900

Note, that for applicants applying for the 888 visa under any other stream other than the Entrepreneur stream, the first instalment visa application charge is as follows:

(ii)  for any other applicant:

First installment

  1. Base application charge$2 305
  2. Additional applicant charge for an applicant who is at least 18$1 155
  3. Additional applicant charge for an applicant who is less than 18$575

Note also the following Schedule 1 criteria for the 888 visa, which makes it mandatory for the primary applicant for an 888 visa to be currently holding a 188 visa under the Entrepreneur stream. If the primary applicant for an 888 visa does not hold a valid 188 visa under the Entrepreneur stream then the 888 visa application will be invalid.

Practitioners therefore need to carefully plan the lodgment of the 888 visa application, well in advance of the expiry of the 188 visa, with their clients.

Item 1104BA

(5C)  An applicant seeking to satisfy the primary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa in the Entrepreneur stream must hold a  Subclass 188 (Business Innovation and Investment (Provisional) visa in the Entrepreneur stream.

The Schedule 2 criteria for an 888 visa under the Entrepreneur stream is outlined below:

888.26—Criteria for Entrepreneur stream

Note:   These criteria are only for applicants seeking to satisfy the primary criteria for a Subclass 888 visa in the Entrepreneur stream.

888.261

            (1)  At the time of application the applicant:

                        (a)  holds a Subclass 188 (Business Innovation and Investment (Provisional)) visa in the Entrepreneur stream and has done so for a continuous period of at least 4 years; and

                        (b)  has resided in Australia for at least 2 years of the 4 years.

            (2)  The applicant has demonstrated overall a successful record of undertaking, whether alone or by participating in a business, activities of an entrepreneurial nature (disregarding activities specified in an instrument made under subregulation 5.19E(6) for the purposes of paragraph 5.19E(2)(b)):

                        (a)  in Australia; and

                        (b)  while holding a Subclass 188 (Business Innovation and Investment (Provisional)) visa in the Entrepreneur stream.

            (3)  In determining the success of the applicant’s record for the purposes of subclause (2), the Minister must have regard to the following (without limitation):

                        (a)  the number of Australian citizens and Australian permanent residents that are employed in Australia in relation to the activities;

                        (b)  the level and nature of ongoing funding of, or investment in, the activities;

                        (c)  the annual turnover of businesses related to the activities.

Barbara DavidsonC) Business Innovation and Investment (Permanent) subclass 888 visa