This visa is the second stage of the Business Innovation and Investment visa; you can apply for it after you have fulfilled the conditions of the provisional (subclass 188) visa. The subclass 888 visa has two streams: the Business Innovation stream, which is for people who own and manage an existing business in Australia; and the Investor stream, which is for people who have a designated investment in a state or territory in Australia and want to maintain an investment and/or business in Australia after the designated investment has matured.
You do not need to lodge an Expression of Interest (EOI) in order to apply under this subclass, but you do need to meet the following requirements:
be the primary holder of a provisional Business Innovation and Investment (subclass 188) visa
have met all of the requirements of the subclass 188 visa, in the stream in which you originally applied
not have been involved in any unacceptable business or investment activities
be nominated by a state or territory
There are other requirements dependent on whether you originally applied under the Investor or the Business Innovation stream; for further details, please contact us.
If you want to apply for a Australia Visa or want to find out more information about emigrating to Australia, please either :
Call us on 0800 193 6900
How much money am I required to bring as landing money when I enter Australia for the first time?
You are not required to have any specific amount. To have a reasonably comfortable “settling in” experience the more the better.
We have loans and credit cards debts, will this affect our application for migration? What would happen if we leave these debts behind? Also will it affect our credit rating in Australia or cause any trouble getting a mortgage once we get there?
Your credit rating is not checked for your migration application so it will not affect you getting your visa. However it may affect your credit rating in Australia as some banks carry this over and may affect getting a mortgage. If the debt is large there is every reason to suspect that they will track you down – paying off a £ debt on an $AUD income can be hard.
Can you emigrate if you have previously been bankrupt?
Generally yes. Some serial bankrupt people could be knocked back under “character”. If you are going as a business person there would be a major, if not insurmountable, problem.
After the processing fee for the visa, what other costs would be there after receiving permanent residency through Skilled migration?
Medical & police clearance & postage should do it assuming you don’t have any language charges or bonds to pay.
My husband has had major surgery. Would this pose a problem on our medicals? Could it lead to visa refusal?
All medical matters are subject to many variables. Assuming your husband needs no further treatment and it is not envisioned that he will cost the Australian Health Community any money then there is a reasonable chance he will not be refused a visa.
If overweight will it affect the application to migrate to Australia?
Height to weight ratio can fail you if your condition may cause you to need excessive medical treatment once in Australia.
What are the criteria for detailing medical history, i.e. do I have to mention all past medical conditions even if they are no longer affecting me? What exactly do you need to mention, and what is classed as trivia?
There are specific questions on the medical form – to be answered yes or no. There is also a catch all question “anything else we should know” – minor colds etc are trivial – declare everything else.
I have heard that you will not be allowed to emigrate if you have a past history of a mental condition, not including depression. Is this true?
No this is not true. All medical conditions, including psychiatric, are judged on their individual merits.