Business Innovation and Investment (Permanent) visa (subclass 888)
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.
The Australian Government permanently closed the Business Innovation and Investment Program in July 2024. New applications for the Business Innovation and Investment (Provisional) (subclass 188) visa are no longer able to be lodged.
Migration Queensland will continue to assess permanent visa (subclass 888) nomination applications for applicants who hold a current provisional visa (subclass 188) and meet the relevant nomination criteria.
Eligibility criteria
To be eligible for a Queensland nomination you must:
- hold a current Business Innovation and Investment (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.