Subclass 888
Business Innovation and Investment (Permanent) visa
A permanent visa for people who hold the provisional subclass 188 visa to continue their business, investment or entrepreneurial activity in Australia.
Overview
With this visa you can
- Continue your business, investment or entrepreneurial activity
- Stay in Australia permanently
- Work and study in Australia
Streams
Requirements
The official page lists these main requirements. Each stream adds its own.
- Hold, or in some cases have held, the matching stream of the subclass 188 visa
- Meet the business or investment requirements of that stream
- Have a current nomination, where the stream requires one
Documents & forms
The official page lists the documents to provide with an application. Open the documents list on Home Affairs.
Forms often used with this visa
- Form 47bu: Application for a Business Skills (permanent) visa — Application for a Business Skills (permanent) visa.
- Form 80: Personal Particulars for Assessment Including Character Assessment — Personal particulars and character — commonly requested by the department.
- Form 1221: Additional Personal Particulars Information — Additional personal particulars, if the department requests it.
- Form 922: Notification of address or change of address for Business Skills visa holders — Notification of address for Business Skills visa holders.
- Form 956: Appointment of a registered migration agent, legal practitioner or exempt person — If you appoint a registered migration agent or legal practitioner.
- Form 1022: Notification of Changes in Circumstances — To notify a change in circumstances after lodgement.
- Form 1023: Notification of Incorrect Answer(s) — To correct an incorrect answer after lodgement.
The official page lists the documents each application requires.
Preparation checklist: a printable list of common steps and documents, each linked to its official source.
Published processing times and charges
Official processing times
Home Affairs publishes how long it took to decide past applications: the time within which 25, 50, 75 and 90 per cent were decided. Each stream keeps its own reporting period.
YourVisaSite compares this list with the Home Affairs processing times on a regular schedule. Our copy last changed on 21 October 2026. The source reports 12 October 2026 for this version; this is separate from our check date. A successful check does not independently verify every underlying fact. The official source remains the authority; open it before you rely on an entry.
| Stream | 25% of applications | 50% | 75% | 90% | Reporting period ended | Source published |
|---|---|---|---|---|---|---|
| Business Innovation | 8 months | 9 months | 9 months | 10 months | 31 August 2026 | 29 September 2026 |
| Investor | 5 months | 5 months | 5 months | 6 months | 31 August 2026 | 29 September 2026 |
| Significant Investor | 90 days | 4 months | 6 months | 8 months | 31 August 2026 | 29 September 2026 |
Source: Australian Government Department of Home Affairs, CC BY 3.0 Australia with source-specific exclusions (Australian Government Department of Home Affairs, CC BY 3.0 Australia with source-specific exclusions). Past decisions only; not a prediction for any application. Current official processing times ↗
Processing times for this visa, by stream, with the reporting period.
Visa application charge
| Application | Main applicant | Each additional applicant 18 or over | Each additional applicant under 18 |
|---|---|---|---|
Business Innovation streamOfficial conditions and notesNote The second instalment of AUD4,890 is for an applicant who: has turned 18 at the time of application; and is assessed as not having functional English: and satisfies the secondary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa; and has not paid a second instalment of the visa application charge in relation to an application for a subclass 188 (Business Innovation and Investment (Provisional) visa. get_app Go to visa page | $4,375 | $2,195 | $1,090 |
Investor streamOfficial conditions and notesNote The second instalment of AUD4,890 is for an applicant who: has turned 18 at the time of application; and is assessed as not having functional English: and satisfies the secondary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa; and has not paid a second instalment of the visa application charge in relation to an application for a subclass 188 (Business Innovation and Investment (Provisional) visa. get_app Go to visa page | $4,375 | $2,195 | $1,090 |
Significant Investor streamOfficial conditions and notesNote The second instalment of AUD4,890 is for an applicant who: has turned 18 at the time of application; and is assessed as not having functional English: and satisfies the secondary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa; and has not paid a second instalment of the visa application charge in relation to an application for a subclass 188 (Business Innovation and Investment (Provisional) visa. get_app Go to visa page | $4,375 | $2,195 | $1,090 |
Premium Investor streamOfficial conditions and notesNote The second instalment of AUD4,890 is for an applicant who: has turned 18 at the time of application; and is assessed as not having functional English: and satisfies the secondary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa; and has not paid a second instalment of the visa application charge in relation to an application for a subclass 188 (Business Innovation and Investment (Provisional) visa. get_app Go to visa page | $4,375 | $2,195 | $1,090 |
Entrepreneur streamOfficial conditions and notesNote The second instalment of AUD4,890 is for an applicant who: has turned 18 at the time of application; and is assessed as not having functional English: and satisfies the secondary criteria for the grant of a Subclass 888 (Business Innovation and Investment (Permanent)) visa; and has not paid a second instalment of the visa application charge in relation to an application for a subclass 188 (Business Innovation and Investment (Provisional) visa. get_app Go to visa page | $4,375 | $2,195 | $1,090 |
YourVisaSite compares this list with the Home Affairs price list on a regular schedule. Our copy last changed on 21 October 2026. A successful check does not independently verify every underlying fact. The official source remains the authority; open it before you rely on an entry. Other costs, such as health checks or a second instalment, may apply, and government charges are separate from any professional fee. Current official pricing ↗
Updates & sources
Source: Australian Government Department of Home Affairs. This summary was written from the official page on 20 October 2026.
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This page is general information written from the official page. It does not assess anyone’s eligibility, is not migration advice and has not been reviewed by a lawyer or registered migration agent. The official page is always the current source. Spotted something out of date? Report a correction.
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