Business Innovation and Investment (Permanent) visa (subclass 888) – Entrepreneur stream

This visa is for Business Innovation and Investment (Provisional) visa holders (subclass 188) to apply for permanent residency. It allows you to stay in Queensland permanently to manage a business or investment. 

Eligibility criteria

To be eligible for a Queensland nomination you must:

• hold a current provisional visa (subclass 188)
• show you meet the Department of Home Affairs visa eligibility criteria for the Business Innovation and Investment (Permanent) visa (subclass 888)
• have met the Queensland nomination requirements of your provisional visa
• register your interest in a Queensland nomination directly with Migration Queensland. 

Evidence required

• Evidence of your genuine commitment to Queensland. This may include:
  • a property purchased for a family residence in Queensland
  • study in Queensland (either you or your children)
  • additional investment in Queensland (e.g. investment in other innovative businesses).
• Evidence you have lived in Queensland for at least 2 years.
• Evidence you have a successful record of entrepreneurial activities in Queensland after being granted your provisional visa (subclass 188). 

Note:
It is recommended you seek advice from a registered migration agent or immigration lawyer regarding your eligibility for a Queensland nomination and permanent visa (subclass 888).

Document checklist

After you receive an invitation from Migration Queensland, please submit the following documents to the document portal:

• Queensland State Nomination Application form (available for download from the Migration Queensland document portal)
• Department of Home Affairs Form 1414
• Copy of your current Australian visa
• Evidence of your successful record of entrepreneurship (see the Department of Home Affairs document checklist):
  • a summary of your entrepreneurial activities in Queensland
  • the number of people employed by your business during the 12 months before you apply, their citizenship or residency status and relationship to you, if any
  • the annual turnover of your business
  • any ongoing funding or investment in your entrepreneur activity including:
    • the sale of your business for AUD 2 million
    • awards or recognition.

To support your claims of ongoing funding or investment in your entrepreneur activity, if you were invited to apply for your provisional visa (subclass 188) before 1 July 2021, please provide a copy of your: 

• funding agreement
• business plan

Please visit the Application Process webpage for more information.