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Main Eligibility

  • Requires invitation to apply for the visa
  • Be less than 55 years old (exemption applies)
  • Has at least 65 points for the Expression Of Interest
  • Has overall a successful business career
  • Owns one or more established main businesses with at least AUD500,000 annual turnover for at least 2 of last 4 fiscal years
  • Has at least AUD800,000 business and personal assets
  • Genuine intention to do business in Australia

Main Conditions

  • For offshore applicants, first entry must be made before the date specified by the Minister

Main Eligibility to Permanent Resident Visa

  • Be in Australia for at least 1 year in the 2 years immediately before applying for Subclass 888 visa
  • Own and manage a business in Australia for 2 years immediately before applying
  • Meet the ownership interest requirement for 2 years immediately before applying
    • 51% of the total value of a business with a turnover of less than AUD400,000 per year, or
    • 30% of the total value of a business with a turnover of AUD400,000 or more per year, or
    • 10% of the total value of a business that is operated by a publicly listed company
  • Your business had an annual turnover of at least AUD300,000 in the 12 months immediately before applying
  • In the 12 months immediately before applying, meet 2 of the 3 requirements below:
    • Have assets of AUD200,000 net value in your business
    • Have personal and business assets of AUD600,000 in net value
    • Employ at least 2 full-time eligible employees

Did you know?

  • You are required to operate a business in Australia with at least AUD300,000 annual turnover to be eligible for Subclass 888 permanent resident visa
  • You may be required to employ at least 2 Australian Citizen or Permanent Resident full-time to be eligible for Subclass 888 permanent resident visa

Start today – take the free initial assessment.


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