Tips on how to apply for a Subclass 888 visa from a professional migration consultant
To immigrate to Australia under the business investment stream, you need to apply for a Subclass 888 visa after holding a Subclass 188 visa. Depending on the type of subclass 188 visa you are holding, you need to choose the corresponding Subclass 888 visa.
You should also carefully read this article to know the secret to make the correct Subclass 888 visa application from an Australian immigration specialist.
What is a Subclass 888 visa?
Business Innovation and Investment (Permanent) Visa – Subclass 888 is the second stage of the business/investment visa process for those who are holding a Subclass 188 (temporary) visa. This 888 visa allows its holders to stay in Australia as permanent residents.
Business Innovation and Investment (Permanent) Visa – Subclass 888 has 4 main streams including:
- Business Innovation Visa Stream – Subclass 888A.
- Investor Visa Stream – Subclass 888B.
- Significant Visa Stream – Subclass 888C.
- Premium Investor Visa Stream – Subclass 888D.
- Entrepreneur Visa Stream – Subclass 888E.
Benefits of a Subclass 888 visa
Regardless of your Subclass 888 visa type, you and your accompanying family members are guaranteed to have the following attractive benefits:
Free entries benefits
|Social security benefits||The applicant’s family enjoys full benefits from Australia’s social security policy.|
|Studying and working benefits||Have full study and work rights.|
|Sponsor family member benefits||Can sponsor another eligible family member.|
Enjoy all 5 of those benefits above to help the applicant’s family improve their quality of life. To know how to get a visa, you should schedule a consultation with us.
Requirements of a Subclass 888 visa
Here are the requirements you should know before applying for a Subclass 888 visa.
|Subclass 888A||Subclass 888B||Subclass 888C||Subclass 888E|
|For the sponsor and the applicant||Not required|
|The minimum period of stay with temporary Subclass 188, before the time of Subclass 888 visa application||1 year in the last 2 years||2 years in the last 4 years||40 days/year (for a total of 4 years)||2 years|
|Minimum revenue per year||300,000AUD (for 1 year before applying for visa)||
|300,000AUD (can choose other conditions instead)|
|Depends on the state or territory in Australia.||Still maintaining 1,500,000 AUD investment.||Maintain investment of 5,000,000AUD. Of which, at least AUD 1,500,000 is invested in legally managed funds or publicly listed companies (LICs).||200,000 AUD|
|Where to submit and receive the visa||
Depending on the specific case, the applicant needs to be inside or outside Australia.
If you want to know where you should apply, please contact VEM and provide detailed information for expert advice.
In case you want to save time, you can use VEM’s all-inclusive Australian visa service. As a client of VEM, you will be consulted, guided on how to apply and submit, moreover, you will still be closely followed for support even if you have a visa.
In particular, the person directly accompanying you is Mr. Phong Cao – an immigration specialist licensed by the Australian Government (MARN: 1577877).
Step by step of a Subclass 888 visa
- Step 1: Checking if you meet the requirements.
- Step 2: Preparing your documents.
- Step 3: Submitting your visa application.
- Step 4: Preparing for the interview (if required).
- Step 5: Being granted a visa.
To make your investment journey to Australia go smoothly, you can apply for a visa with VEM. Because VEM’s immigration specialist is always the person who directly guides and supports the client’s visa application to meet the standards and follow the right process.
Cost of a Subclass 888 visa
The Subclass 888 visa fees for 4 types are the same, specifically:
|The amount of money (AUD)|
|For the applicant||For the accompanying person (if any)|
|Over 18 years old||Under 18 years old|
|First installment||2,935 AUD||1,470 AUD||730 AUD|
|9,795 AUD||4,890 AUD||0 AUD|
Processing times of a Subclass 888 visa
Most applicants for Subclass 888 visa need to wait about 2 years to receive their visa grants. The specific processing time for a Subclass 888 visa application is clarified in the table below:
|75% of applications||90% of applications|
|Subclass 888A visa||21 months||23 months|
|Subclass 888B visa||20 months||24 months|
|Subclass 888C visa||23 months||24 months|
|Subclass 888E visa||The DHA hasn’t announced yet.|
With more than 10 years of experience in Australian immigration and investment consulting, Mr. Phong Cao advises you to submit the correct application from the very beginning. This will help you widen your chances of getting an early visa.
What should you prepare for a Subclass 888 visa?
The requirements of the Subclass 888 visa application are not exactly the same. You should read the information below carefully to know exactly what documents and documents you need to prepare.
|Proof of your nomination||
VEM clients receive detailed instructions from an immigration specialist
|Proof of your minimum revenue||
Provide evidence that can prove your total revenue:
|Proof of your investment||
|Proof of your obligation||
|Documents of accompanying person||
VEM’s clients are assessed and supported by Mr. Phong Cao. He is a member of the Migration Institute of Australia (MIA: 12648). So our clients always have accurate documents to submit and soon finish their investment journey to Australia.
Obligations of the Australian Subclass 888 visa holder
Before applying for a Subclass 888 visa, you must understand your responsibilities towards the visa. VEM has provided detailed information in the table below:
|When receiving the visa (for the case of outside Australia)||The applicant and accompanying person need to arrive in Australia on the specified date (details will be notified by the Australian Government).|
|After the visa grant||
Frequently asked questions
A Subclass 888 is a means for businessmen and investors who are holding visa 188 to settle in Australia and continue to do business, invest and settle permanently in Australia.
Of course, you can unless that person is eligible.
The answer depends greatly on your specific situation. Contact VEM now so that our migration consultant can evaluate your case.
The answer is yes. You are free to travel in and outside of Australia for 5 years.
Hopefully, the information about the Australian Subclass 888 visa in this article will help you. If you still need Mr. Phong Cao’s help, contact VEM.
Just leave a comment at the end of the article, we will quickly contact you and schedule a consultation! You can also directly call VEM’s hotline to schedule a faster consultation!