These visas are for people who want to own and manage a new or existing business in Australia, or to invest in either an Australian state or territory Treasury Bonds or a complying investment portfolio. It has 7 different streams depending whether you carry out entrepreneur activities or are well established business. You must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa.

This is the only business visa which results in permanent residence from the outset. With two streams, it is intended for entrepreneurs with a successful business career who will establish a new or become involved in an existing business in Australia. Applicants for the subclass 132 visa must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government before being invited to apply for this visa.

The 888 visa categories provide a pathway specifically for applicants who have held Business Innovation and Investment Provisional Visas, subclass 188 for the specified period fit me and met the criteria under one of the following streams:

• Established or become actively involved in a new or existing business in Australia that meets the specified financial criteria and met the requirements of the Business Innovation stream or the Business Innovation Extension stream, or holders of a subclass 444 (Special Category) visa, or certain holders of a subclass 457 (Business (Long Stay) visa;
• Maintained an investment of $1,500,000 in State Treasury Bonds for 4 years and physically lived in the nominating state for at least 2 of the 4 year visa validity period;
• Maintained an investment of $5 million in a Complying Investment Portfolio for at least 4 years (or longer if provisional visa extended) and met the residence requirements of the Significant Investor visa category; or
• Maintained an investment of $15 million for the duration of the subclass 188; or
• Maintained entrepreneur activities, held the 188 visa under the Entrepreneur stream and lived in Australia for at least 2 years.