Entrepreneur Stream (SC 888E)
888E Visa Overview
This permanent visa is for entrepreneurs who already conducted business activities in Australia with their provisional visa. As a way to continue a growing enterprise, this visa will let you stay in Australia indefinitely.
Benefits of this visa
Australia’s strong economy creates countless opportunities for foreign investors who are seeking to build a mark in their industry.
Pathway to Australian citizenship
Aside from staying in Australia permanently, you will be granted a pathway to Australian citizenship. After 5 years with this visa, you will be eligible to apply for Australian citizenship.Eligible to Australia’s public health care
You are now eligible to enroll in Australia’s public health scheme- Medicare.Be with your family
Operating and managing a business is not an easy route to take especially if you’re doing it in a foreign country. However, with this visa, you can sponsor your eligible family and relatives to live with you in Australia.
Visa Processing time
Processing times for the Entrepreneur Stream (Permanent) Visa (SC 888E) process will vary depending on various factors. Factors can include if documents submitted are sufficient, or the volume of applications received by the Department. To give you an idea of what to expect, here's an estimated timeline of how long your visa application may take to process.
50% of applications: Processing time is 19 months
90% of applications: Processing time is 30 months
To avoid any delays in your application, ensure that all the essential documents are accurately and promptly submitted. It is also important to stay updated with any visa policy changes as Australia’s immigration directives are changing over time.
Application Process
Here’s a simplified breakdown of the Entrepreneur Stream (Permanent) Visa (SC 888E) application process. If you’re having difficulty understanding this process, you can send your questions here.
Check your qualifications
Aside from having a Business Innovation and Investment (Provisional) visa under the Entrepreneur Stream, you also need to fulfill these specific requirements:
-
Unless COVID-19 concessions apply, you must have held a Business Innovation and Investment (Provisional) visa under the Entrepreneur Stream for a continuous period:
For at least 3 years, if you were invited to apply for this visa on or after 1 July 2021, or
For at least 4 years, If you were invited to apply for this visa before 1 July 2021.
-
Unless COVID-19 concessions apply, you must have resided in Australia for:
at least 2 years of the 4 years while holding the said visa if you were invited to apply before 1 July 2021 or
at least 2 years while holding the said visa if you were invited to apply on or after 1 July 2021.
-
Part of your qualification for this visa is to demonstrate a successful entrepreneurial activity. To assess your entrepreneurial activities, you will need to show either:
2 key success factors, or
1 key success factor and 3 supporting success factors
Key success factors are as follows:
employing 2 or more Australians, permanent residents, or other eligible persons
generating an annual turnover of at least AUD300,000
filing a provisional patent or acquiring a standard or innovation patent
receiving ongoing funding or investment in your entrepreneur activity
entering into a partnership with a university
selling an entrepreneurial venture for AUD2 million
Supporting success factors are as follows:
adapting your entrepreneurial activities into other business areas
receiving a statement of success from a state or territory government nominator
receiving sponsorship from the corporate sector
starting at least 1 other business or contributing to at least 2 other businesses
receiving formal awards or recognition
raising or contributing to social capital
Prohibited entrepreneurial activities:
residential real estate
labour hire
buying an existing enterprise or a franchise in Australia
Gather Documents
You will need to prove your identity and provide documents about your business and assets. Although you don’t need to write another expression of interest, the state or territory needs to confirm that your nomination is still current.
Cost
This visa costs AUD3,310.00 for the main applicant, and you will be charged for each family member who applies for this visa with you.
Any applicant 18 years old or older who has less than functional English must also pay an extra charge which is called the second instalment charge. The second instalment charge will cost you AUD4,890.
Accreditation
Words from our clients
-
![]()
Laura Bajurny
⭐⭐⭐⭐⭐
The team at Think Visa has been excellent throughout the whole process. Devonne has always been very quick to respond and….
-
![]()
Cherono Chemweno
⭐⭐⭐⭐⭐
I received outstanding service. Excellent communication and swift action/response that made the experience even better than….
-
![]()
Simon Pitt
⭐⭐⭐⭐⭐
Brilliant service from this company, could not fault them in any way. We got the 820 visas after having problems on our own
-
![]()
fairdingkumAussie
⭐⭐⭐⭐⭐
I could not have done this on my own. The entire team at ThinkVisa made a very cumbersome process, very manageable. A big thanks to….
-
![]()
Sanka G
⭐⭐⭐⭐⭐
Very professional and efficient service. Promptly responds to any questions or queries. Young and team are very detailed, thorough….
-
![]()
Katharine Kinnie
⭐⭐⭐⭐⭐
I'm very grateful for the help that the Think Visa team gave me with extending my visa. They were quick to contact me, very efficient with….
-
![]()
Huang Jing
⭐⭐⭐⭐⭐
The service is absolutely professional and their responses to the enquiries are always prompt and helpful. In the application….
-
![]()
Angela Grant
⭐⭐⭐⭐⭐
We are really grateful for the help we were given by the Think Visa team. They are quick to respond to questions and are always friendly….
Expert lawyers, just a click away.
Let us solve your migration problems. We provide:
Trusted legal advice with peace of mind for your migration journey
Prepare, lodge and liaise with the Department on behalf of you and your family
Project-manage the application until the visa is granted and bring you to Australia