Individuals and Travellers

Business Innovation and Investment (Permanent) visa (subclass 888) document checklist

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You must provide documents to support your application for this visa. We can make a decision using the information you provide when you lodge your application. It is in your interest to provide as much information as possible with your application.​

You must provide certified copies of original documents. Do not include original documents unless we specifically ask for them. Documents not in English must be accompanied by accredited English translations.

Use this checklist to make sure your application is complete.​​​

Forms

Charges

State or territory nomination

Your personal documents

Your identity

  • Certified copies of the biographical pages of the current passports or travel documents of all people included in the application (these are the pages with the holder's photo and personal details and the issue/expiry dates).
  • Two recent passport-sized photographs (45 mm x 35 mm) of each person included in the application.
    • These photographs must be of the head and shoulders only against a plain background.
    • Print the name of the person on the back of each photograph.
  • A national identity card if you have one.
  • If your name has changed or the name of anyone included in your application has changed: a certified copy of evidence of the name change.

Your relationships

  • Certified copies of marriage certificates or relationship registrations for you and anyone else included in your application, even if they are not joining you in Australia.
  • If you are living in a de facto relationship: independent evidence that you have been in the relationship for at least six months (for example, joint bank account statements, billing accounts in joint names or joint ownership of major assets).
  • If you or anyone included in the application has been widowed, divorced or permanently separated: a certified copy of the death certificate, divorce documents, or statutory declaration separation documents.

Your dependants who do not hold a Business Innovation and Investment (Provisional) visa (subclass 188)

  • Certified copies of birth certificates or the family book showing the names of both parents of all your dependent children.
  • Evidence of financial dependency for all your family members aged 18 or older (such as evidence of current studies):
    • a certified copy of their birth certificate and proof of their relationship to you
    • proof that they live in your household
    • proof that they have been financially dependent on you for at least the 12 months immediately before you lodge your application.
  • If any dependent child included in the application is adopted: certified copies of the adoption papers.
  • If you want to bring a child younger than 18 years of age with you to Australia, and that child’s other parent is not included in the application, you will need documentary evidence that you have the legal right to bring that child to Australia, such as:

Health and character documents

  • If you are required to undergo health examinations, you must organise your health examinations upfront before lodging a visa application and include your health identifier (HAP ID) when completing your visa application form.
  • If you have confirmed that you do not need to undergo health examinations by using My Health Declarations, please indicate on your online application form that you have organised your health examinations when lodging your visa application (as you are considered to have met this requirement).
  • Evidence that everyone included in the visa application has applied for an Australian Federal Police National Police Check if they are at least 16 years of age and have spent a total of 12 months or more in Australia since turning 16 years of age.

    The AFP National Police Check Application Form is available from the Australian Federal Police website - either an online form or National Police Check Application Form (NPC)(1.46MB PDF). Visa applicants should tick Code 33 in Section 8 of the form. Fingerprints are not required.

    You will be issued with a 'National Police Check' certificate which will have 'Complete Disclosure' in the heading if your AFP police check application is successful.

  • Police certificates from each country in which anyone in your application has spent a total of 12 months or more in the past 10 years since turning 16 years of age. Provide the original certificates and keep a copy for yourself.
    • See Character requirements - How to obtain police certificates
    • If anyone included in the application has served in the armed forces of any country: certified copies of their military service record or discharge papers.

    English language ability

    Provide the documents for family members who did not pay a second instalment of the visa application charge in relation to an application for a Business Innovation and Investment (Provisional) visa (subclass 188).

    • For each of your dependant family members aged 18 years or older when you lodge the application, provide one of the following:
      • if they have functional English: the results of specific English language test they took during the 12 months before you lodged your application, or other specified forms of evidence. How can I prove I have functional English? explains how they can demonstrate their language ability.
      • if they have less than functional English: a statement indicating your intention to pay the second visa application charge.

    Your professional documents

    Commitment to your business and investment activity

    • A one-page summary of your proposed business or investment intentions in Australia in the long-term.
    • Notice of or report from any investigation into the Australian business or investment operating environment.
    • Evidence of compliance with the laws of the Commonwealth, and of the state or territory in which you operate your business. Provide one of the following:
      • a written declaration stating you have complied with the laws of the Commonwealth, and of the state or territory in which you operate your business
      • details of any incidence where you have breached the laws of the Commonwealth, and of the state or territory in which you operate your business.

    These laws include laws relating to taxation, superannuation and workplace relations.

    Business Innovation stream

    Business documents
    • Overview of your business activities and assets in Australia. Provide a short summary (no more than two pages) addressing:
      • your ownership interest in your businesses in Australia including size and length of ownership
      • a summary of your Australian business activities
      • your management role in your businesses for the two years before you apply
      • your net assets of your businesses throughout the 12 months before you apply
      • the turnover of your businesses for the 12 months before you apply
      • the number of people employed by your businesses during the 12 months before you apply, their citizenship or residency status and relationship to you, if any
      • your net assets in Australia throughout the 12 months before you apply.
    • One-page organisational chart for each business claimed, showing your position, staff attribution, management reporting lines and functional responsibilities over the two years before you apply.
    • Photographs of business premises and business activities (maximum six photographs).

    Business ownership

    • Evidence of business ownership for the two years immediately before you apply for this visa. This must include one or more of the following:
      • evidence of the purchase of the business
      • partnership, trust or franchise agreements (include all pages and related schedules, with evidence of stamp duty paid)
      • evidence of the issue, purchase or transfer of shares showing:
        • date of ownership
        • if shares purchased or transferred, provide evidence from the relevant state revenue office that stamp duty has been paid, or that the shares have been registered with the Australian Securities and Investment Commission (ASIC)
        • historical ASIC company extract.
    • If you acquired the business ownership interest from another person who was an applicant for, or held, a Business Skills (Permanent) (Class EC) visa or Business Skills (Residence)(Class DF) visa at the time you acquired the business, provide evidence that you held joint ownership interest in the business with that person for at least one year immediately before making an application.
    • Provide a written declaration stating you have made every effort to determine whether or not the previous owner of your business was an applicant for, or held, a Business Skills (Permanent) (Class EC) visa or Business Skills (Residence)(Class DF) visa.

    Management

    • A detailed description of your management role.
    • Evidence that you have participated in the day-to-day management of the business for the two years immediately before you apply for this visa, which can include but is not limited to:
      • business contracts
      • business communications (letters, emails)
      • evidence of business meetings
      • independent third-party business references
      • documents demonstrating responsibility for such areas as strategic management, recruitment, price structure, business profitability, expenditure.
    • Your evidence must demonstrate continuous involvement in significant aspects of the day-to-day management, and in decisions affecting the overall direction and performance, of the whole or a substantial part of the business.
    • A one-page organisational chart for each business claimed, showing your position, staff attribution, management reporting lines and functional responsibilities over the two years before you apply. Include staff rosters (if applicable), trading hours and a description of activities and/or practices over a typical trading week.

    Taxation

    • Evidence of an Australian business number (ABN) for each business claimed.
    • ATO Portal lodged business activity statement (BAS) for each business claimed. BASs must be provided for each business claimed for each period in the two years before you apply.
      • If you do not have a BAS for any period within the two years, provide evidence from the Australian Taxation Office that you were not required to provide a BAS, plus supporting business documents (for example most recent business taxation returns).
    • Evidence of your personal taxation returns and notices of assessment by the Australian Taxation Office for the two years before you apply.

    Financial documents

    • Extracts from financial statements for your business, including balance sheet, profit and loss statement and notes to the accounts. The financial statements must:
      • be signed by directors and the accountant
      • be prepared by an accountant to Australian Accounting Standards
      • cover the beginning and end of a 12-month period ending no more than three months before you apply.

    Evidence of employees (if applicable)

    • PAYG summaries, wage books, employee contracts, workers compensation, insurance and superannuation documents to show that you provided employment in Australia to at least two employees who:
      • are full-time employees or part-time employees who are the equivalent of two full-time employees
      • were employed for a 12-month period that ended less than three months before you apply for this visa. This period must be the same period covered by the financial statements of the business that you have provided.
    • Evidence of residency or citizenship status of employees for the employment period that you have specified (for example, copy of passport, birth certificate, citizenship certificate).

    Net assets

    You must provide documents to show your (or your and your partner’s) business and personal assets in Australia.

    • A one-page summary statement outlining all assets and liabilities for the beginning and end of a 12-month period:
      • ending no more than three months before you apply for this visa
      • that is the same period covered by the financial statements and employee records provided as part of your business documents.
    • Evidence of ownership and value of assets: a minimum AUD 600,000 of net assets must be demonstrated for the beginning and end of a 12-month period:
      • ending no more than three months before you apply for this visa
      • that is the same period covered by the financial statements and employee records provided as part of your business documents.
    • Evidence of liabilities (if any) against each asset (for example mortgages, loans including unsecured and third party loans, and credit cards).
    • For assets held by a trust: a copy of the trust deeds.
    • For cash assets: bank statements or term deposit certificates. All bank statements must have the same date of issue for each assessed point in time.
    • For real estate assets, provide:
      • evidence of ownership (title deeds)
      • evidence of value (valuation certificate by an accredited property valuer)
      • evidence of mortgage. Valuations by real estate agents who are not accredited property valuers are usually not acceptable.
    • For business net assets: evidence of ownership and value as outlined under 'Business documents'. You can include a cross-reference.
    • For personal or business loans in Australia:
      • loan agreements
      • loan statements indicating the amount borrowed and the repayment schedule
      • loans listed in the business balance sheet (for loans to or from a business).
    • For stocks and bonds: share or bond registers, share or fixed interest securities or debentures certificates, transfer certificates.

    Investor stream

    • Designated investment: evidence that you have held a designated investment of AUD 1.5 million for four years. If the investment has already matured, the evidence can be in the form of:
      • written or emailed confirmation from the Treasury Corporation
      • bank statements confirming repayment of the amount.
    • Business or investment record and history: an overview of your business or investment activities in Australia:
      • a short summary of any activities in Australia in addition to holding the designated investment to the current date
      • plans for future activities.
    • Residence requirement: evidence that you have lived in Australia as a Business Innovation and Investment (Provisional) visa (subclass 188) holder under the Investor stream for a total of at least two years in the four years immediately before you apply for this visa. The two-year period in Australia does not need to be continuous.
      Failure to meet this criterion can lead to your application being refused.

    Significant Investor stream

    Provide the documents in this section only if you are applying for this visa under the Significant Investor stream.

    Note: the rules that were in force at the time that you applied for your provisional Significant Investor visa will continue to apply for the duration of your provisional visa, including any Extension stream visas you apply for that relate to that provisional visa.

    Investment documents

    • Complying investment or Complying Significant Investment: evidence that you have held a complying investment or a complying significant investment of AUD 5 million for the entire time you held a Business Innovation and Investment (Provisional) visa (subclass 188).
    • If you have 'switched' your complying investment or complying significant investment at any point during the period which you have held the subclass 188 visa you must provide evidence of the transfer of funds between one complying investment option into another complying investment.

    Complying Significant Investments for provisional applications made after 1 July 2015

    • Evidence can include, but is not limited to a holding statement provided by the responsible manager of a registered managed investment scheme.
    • A yearly annual statement from managed funds showing that the investments complied with the legislative instrument as they have stated in Form 1413D Declaration (172KB PDF).
    • Evidence that a substantial part of the investment in Venture Capital Funds has been invested during the visa period.
    • Evidence of the movement of funds for any switch of Complying Significant Investments and a signed Form 1413D for every fund in which the investment was held during the period you held the provisional visa.

    Complying Investments for provisional applications made prior to 1 July 2015

    • Evidence can include, but is not limited to:
      • a bond holding statement issued by the Australian Government or an Australian state or territory government
      • a holding statement provided by the trustee of a public unit trust
      • a holding statement provided by the responsible manager of a registered managed investment scheme and a yearly annual statement from managed funds showing that the investments complied with the legislative instrument as they have stated in the Form 1413 Declaration in relation to managed funds (112KB PDF).
    • A shareholder certificate and company extract from ASIC in relation to the shareholder information of an Australian proprietary company and audited accounts for each financial year of the investment.
    • For any direct investment in an Australian proprietary company evidence that the company was operating for the purpose of making profit through providing goods and services to the public and was not operated as a passive or speculative investment for a period of:
      • at least two years if your investment if the business was for two years of more; or
      • for the whole period of the investment in the business if it was for less than two years.

    Business documents

    • Business or investment record and history: an overview of your business or investment activities in Australia:
      • a short summary of any activities in Australia in addition to holding the complying investment to the current date
      • plans for future activities.
    • Residence requirement: evidence that you have lived in Australia as a Business Innovation and Investment (Provisional) visa (subclass 188) holder in the Significant Investor stream for a total of at least 160 days in the four years immediately before you apply for this visa, or that your spouse or de facto partner has lived in Australia as a Business Innovation and Investment (Provisional) visa (subclass 188) holder for a total of at least 720 days.
      Note: this residence requirement is longer if you have held a Significant Investor extension stream visa.

      Failure to meet this criterion can lead to your application being refused, regardless of the performance of your businesses or investment activities.

    Entrepreneur stream

    • Overview of your entrepreneur activities in Australia. Provide a short summary (no more than two pages) of your Australian entrepreneur activities
    • Provide evidence of your successful record of entrepreneurial activity which can include, but is not limited to a combination of the following:
      • the number of people employed by your businesses during the 12 months before you apply, their citizenship or residency status and relationship to you, if any
      • evidence of the annual turnover of your business
      • of any ongoing funding or investment in your entrepreneur activity including:
        • a copy of your funding agreement
        • a copy of your business plan
      • Evidence of the sale of your business for AUD2 million
      • Evidence of awards or recognition
      • Evidence of ongoing entrepreneurial activities.