- Points Based
- Most people below the age of 51 years old, with an occupation (listed on each country’s list), 2+ years of work experience & good English / French are eligible for this
- It is the most popular way of settling overseas
- Similar to skilled immigration
- Occupation must be listed on the state list
- Long term visa converted to PR & citizenship
- Very popular option for most countries
- Candidates who find a full time job & an employer overseas are eligible for this visa
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- Some countries offer permanent residency anyone who has a parent, brother, sister, uncle, aunt or first cousin overseas
- The sponsoring relative needs to be an citizen or a permanent resident of that country
- Many countries offer a temporary or PR visa in exchange for an investment
- Investment amounts can range from $50,000 to $500,000 or more
The Australia Subclass 888 visa is a permanent residency visa for individuals who have lived in Australia on a provisional visa for at least two years. Know eligibility requirements, application process, and benefits from our experts and take the next step towards making Australia your permanent home.
WHY APPLY FOR SUBCLASS 888 VISA?
- The subclass 888 visa is also known as Business Innovation and Investment Visa.
- It is aimed at international individuals involved in business activities, investors, and entrepreneurs.
- They can operate their business in Australia through this visa.
- It permits the candidate to live in Australia for an indefinite amount of time.
- The candidate can also apply for citizenship in Australia.
The Business Innovation and Investment Visa or Subclass 888 of Australia facilitates business people, investors, and entrepreneurs to continue their business activities in the country. It is aimed at either the candidates in the stream of Business Innovation Extension or holders of subclass 444 visa.
BENEFITS OF SUBCLASS 888 VISA
For the Business Innovation and Investment Subclass 888 visa, the candidates can avail of these facilities:
- Reside in Australia for an indefinite period of time
- Work or study in the country
- Avail of healthcare facilities
- Travel to their native place for the first 5 years and, if the need be, apply for the RRV or Resident Return to re-enter the country
- Apply for the citizenship of Australia visa 888 only if they meet the eligibility requirements
- Sponsor eligible family members who wish to migrate to Australia and reside in the country
CATEGORIES OF SUBCLASS 888
Subclass 888 visa has five categories. They are:
- Business Innovation stream
- Investor stream
- Significant Investor stream
- Premium investor stream
- Entrepreneur stream
ELIGIBILITY CRITERIA
The candidates are required to have a valid nomination from the territory or state government authorities of Australia. It is mandatory for all the applicants in the abovementioned streams.
REQUIREMENTS OF SUBCLASS 888 VISA
The requirements for a Subclass 888 visa of Australia are listed below.
- Signed Australian value statement declaring that the candidate will respect the country’s law and order.
- Meet the requirements for health and character.
- No existing dues.
- Fulfill the language proficiency requirements for the English language.
- No cancellation or rejection of the visa should have occurred in the past.
- Intention to continue with the business.
- No criminal records.
- Submit the details for nomination.
- Must be a valid visa holder.
- Should meet the requirements for asset and employee.
- Submit the resident requirements.
- Should own and operate the business in Australia.
- Credible record of Entrepreneurial Activities.
- Operate the business for the necessary time span.
STEPS TO APPLY FOR SUBCLASS 888 VISA
Step 1: Register your expression of interest
Step 2: Wait for a nomination from a state or territory
Step 3: Receive an invitation to apply
Step 4: Fly to Australia
HOW Y-AXIS CAN HELP YOU?
Y-Axis, the world’s top overseas immigration consultancy, provides unbiased immigration services for every client based on their interests and requirements.
Our impeccable services of Y-Axis include:
- Free eligibility check through Australia Immigration Points Calculator
- Expert guidance/counseling for Australia Immigration
- Coaching services: Expert PTE coaching, IELTS proficiency Coaching
- Free career counseling, book your slot today
- Complete guidance for Australia PR visa
- Job search servicesto find related jobs in Australia
