Business Innovation 888A
To apply for Business Innovation Visa, an applicant must have 188A visa or subclass 444 visa. It is a second part of business innovation and investment visa that allows an applicant to invest and run business in Australia and stay in Australia permanently. A subclass 475 visa would also work, as it is a long stay business visa. You can easily sponsor your family members to Australia once you own a 888A Visa.
Criteria for applying 888A visa
- State or territory government must nominate you.
- Must have ownership of business in Australia for 2 years.
- An applicant must have business activity statement for 2 years and ABN.
- You need to take care of few circumstances while applying for 888A visa, if your business has more than 400,000 AUD turnover annually, then applicant must own 30% share and if it exceeds than 51% ownership in the business.