Visa 888B – Investor Stream (Permanent) is a permanent residence visa that allows you to continue doing business and investing in Australia. The 888B visa is the second stage of the 188B visa. To meet the following requirements, applicants need to:
– Make an investment: Invest at least 2.5 million AUD in regulated investment items during your temporary stay in Australia, and maintain this investment until you are granted permanent residency.
– Temporary residence period: Meets the mandatory temporary residence period requirement of at least 24 months. During this period, the applicant must maintain temporary residence in Australia without being absent for more than 12 months.
– State sponsorship: Receive sponsorship from one of the States in Australia, called visa 888B. This means that the State has approved and sponsored the applicant for permanent residence in Australia.
Fully meeting the above requirements will help applicants have the opportunity to be granted Visa 888B and settle permanently in Australia.