Business Innovation and Investment (Permanent) Visa (Investor Stream) Subclass 888

You and family members who apply for the visa with you, must provide:

Colour copies of the pages of your current passport showing photo, personal details, and passport issue and expiry dates.

Also provide

• a national identity card, if you have one
• proof of change of name, if applicable

Documents that prove a change of name include:

• a marriage or divorce certificate
• change of name documents from an Australian Registry of Births, Deaths and Marriages, or the relevant overseas authority
• documents that show other names you have been known by

You do need to have a current nomination from a state or territory.

Fill out Form 1414 Nomination – Business Skills class (306KB PDF). Then:

1. send the form to the state or territory that nominated you
2. the state or territory will fill out the form and send it back
3. include the completed form with your application

Provide:

• a 1-page summary of your current business and investment activities in Australia
• a 1-page summary of your Australian business and investment intentions in the long-term

Show us you have followed Australian laws if you operated a business in Australia. This includes laws about taxation, superannuation and workplace relations. Provide:

• a written declaration stating you have complied with the laws of the Commonwealth, and of the state or territory where your business is located
• details of any time you breached the laws of the Commonwealth, and of the state or territory where your business is located

The following applies to you if you were invited to apply for a Business Innovation and Investment (Provisional) visa (subclass 188) Investor stream before 1 July 2021:

• invested AUD1.5 million in an Australian state or territory. We call this a ‘designated investment’.

Unless COVID-19 concessions apply, you should give us evidence from the relevant State or Territory authority that you have held your designated investment of AUD1.5 million for at least:

• 4 years if the provisional visa was granted on the basis of an application made on or after 1 July 2015; or
• 3 years and 11 months if the provisional visa was granted on the basis of an application made before 1 July 2015.

If the investment has already matured, the evidence can be:

• written or emailed confirmation from the relevant State or Territory authority
• bank statements confirming repayment of the amount

COVID-19 concessions

If COVID-19 concessions apply, give us evidence from the relevant State or Territory authority that you first withdrew funds from, or cancelled your designated investment during the ‘COVID-19 concession period’. You must have:

• been physically resident in Australia for at least 2 years immediately before this occurred; and
• your designated investment must have been continuously held in your name, or in the names of yourself and your spouse or de facto partner together during this time; and
• you must not have withdrawn funds from, or cancelled your designated investment other than during the ‘COVID-19 concession period’.
• You must also hold or have held a Subclass 188 (Business Innovation and Investment (Provisional)) visa that was granted on or before 30 June 2019.

Complying Significant Investment documents

If you were invited to apply for a Business Innovation and Investment (Provisional) visa (subclass 188) in the Investor stream on or after 1 July 2021, when we granted your provisional visa, you invested AUD2.5 million in a ‘complying significant investment’.

Provide evidence:

• that you held a complying significant investment for the whole time you held your provisional visa, and
• Either:
  • funds used to make the complying significant investment were either from one or more qualifying business conducted by you, your spouse or de facto partner, or you and your spouse or you and your de facto partner together or
  • eligible investment activities by you, your spouse or de facto partner, or you and your spouse or you and your de facto partner together

Provisional visa applications submitted on or after 1 July 2021

If you were invited to apply for your Business Innovation and Investment (Provisional) visa (subclass 188) in the Investor stream on or after 1 July 2021, when we granted your provisional visa, you would have invested AUD2.5 million in a ‘complying significant investment’.

If you were invited on or after 1 July 2021, evidencing of your complying significant investment includes:

• recent holding statements for each investment, showing the investor name, amount and commencement date
• Form 1413D Declaration in relation to complying significant and premium investments (249KB PDF) for each investment in a managed fund, recently completed and signed by the fund manager
• If you ‘switched’ investments at any time, please provide us with:
  • evidence of the transfer of funds from one complying significant investment to another
  • Form 1412 Deed of Acknowledgement A , undertaking and release (122KB PDF)

Unless COVID-19 concessions apply, you must have been in Australia for at least 2 years in the 4 years immediately before you apply as the holder of a Business Innovation and Investment (Provisional) visa (subclass 188) in the Investor stream.

The 2 year period in Australia does not have to be continuous.

COVID 19 concessions

You must have been in Australia for a least 2 of the 4 years immediately before you apply.

During the ‘COVID-19 concession period’, time spent overseas will count as time being in Australia if you were the holder of one of the following visas:

• the primary holder of a Business Innovation and Investment (Provisional) visa Investor stream; or

• the secondary visa holder of a Business Innovation and Investment (Provisional) visa and:

• your spouse or de facto partner is the primary holder of a Business Innovation and Investment (Provisional) visa in the Investor stream.

Your visa must have been granted on or before 30 June 2019.

Evidence to prove where you lived can include:

• documents showing ownership of residential property
• rental receipts showing your name, residential address and the issue date
• utilities accounts such as electricity, gas, telephone showing your name, residential address and the issue date
• dated correspondence addressed to you showing your name and residential address.

You do not need to provide health documents. The doctor will send them to us.

You and all applicants aged 16 years and older, provide:

• Form 80 Personal particulars for assessment including character assessment (596KB PDF)
• an police certificate from every country, including your home country, where you spent a total of 12 months or more in the last 10 years since you turned 16.
• military service records or discharge papers if you served in the armed forces of any country

Provide proof that all dependent applicants aged 18 years and older, who did not pay the second instalment of the visa application charge at provisional stage, have at least functional English.

If you can’t provide functional English documents

If any of the dependent applicants, who did not pay the second instalment cannot show evidence of functional English, you will need to pay the second instalment of the visa application charge for each of those dependent applicants, when we ask you to.

If your partner holds a Business Innovation and Investment (Provisional) (subclass 188) visa application as your dependent partner, we do not need evidence of your relationship.

If you are including a partner who does not hold a subclass 188 visa as your dependant,  we need to see evidence of your partner’s relationship with you along with identity and character documents and documents about other relationships.

Provide:

• identity documents and photos
• character documents
• documents about other relationships, if applicable

Provide either:

• your current marriage certificate or
• enough documents to prove you have been in a de facto relationship with your partner for at least 12 months before you apply

If you and your partner have a child or children, and are both named as parents on the birth certificate, you will only need to provide a few documents.

Documents that prove your de facto relationship include:

• joint bank account statements
• billing accounts in joint names
• joint leases or mortgages
• documents that show you have lived at the same address as your partner

For every dependent under 18 years old who is applying with you, provide:

• identity documents and photos
• proof of your relationship with them, like a birth or marriage certificate
• character documents, if applicable

If you are including a dependant aged over 18 years of age who holds an eligible visa (Class UR or Class EB) granted on the basis of being a member of your family unit at time of grant, this section does not apply.

To include your child who is over 18 in your visa application, they must be:

• over 18 years of age but not yet turned 23, and dependent on you or your partner, or
• over 23 years of age and unable to earn a living to support themselves due to physical or cognitive limitations and dependent on you or your partner

If your child is likely to turn 23 while your application is being processed, you will need to provide evidence they are dependent on you due to disability.

Provide:

• identity documents
• documents about their other relationships, if applicable
• character documents

To nominate someone to:

• receive your correspondence, use Form 956A Appointment or withdrawal of an authorised recipient (301KB PDF)
• provide immigration assistance, use Form 956 Appointment of a registered migration agent, legal practitioner or exempt person (225KB PDF).

Upload your written notification or your forms to ImmiAccount.