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Business Innovation and Investment (Permanent) visa (subclass 888B) – Investor stream

A permanent visa that lets you continue investment and business activity in New South Wales. 

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A new way to apply

You can now apply for NSW nomination online. 

Please read the follow information carefully before applying: 

  • Clicking 'back' in your browser will cause you to lose any information previously entered. Use 'previous' and 'back buttons within the form to navigate between pages of the form.  

  • You can review information entered in the form and make edits before submitting. 

  • Read our guide to supporting documents website for information about what documents you are required to submit with your application. 

  • Only submit your application once. Contact us if you have any questions.  

You cannot edit your application after it has been submitted and you cannot save and resume your application. 

Eligibility 

Visa eligibility 

To see if you’re eligible for this visa, read the Home Affairs' criteria

Designated investment 

You must show evidence you maintained your designated investment in NSW Waratah Bonds throughout the provisional visa period. 

Living in NSW 

You must show evidence you have established a residency in NSW during your provisional visa period and that you have a commitment to continue to reside in NSW. 

If you were nominated for your provisional visa based on your intention to migrate to Regional NSW, you must show evidence of your regional NSW residency.  

Letter of release – if you were nominated by other state or territory.  

If you were nominated by another Australian state or territory for your subclass 188 visa, you must obtain a letter of release from your nominating state or territory on the Home Affairs’ Form 1414.  

How to apply 

You need to apply for NSW nomination before you can apply to Home Affairs for this visa. Applying for NSW nomination from involves the following steps: 

Apply for NSW nomination 

Apply to NSW for nomination using our online form.  

See our guide to supporting documents for information about what supporting evidence you need to supply at the time you apply to NSW. 

Pay application fee 

You (or your migration agent) will be emailed a payment link immediately after submitting your online application form. This payment link is valid for 30 minutes only. 

Your application will only be assessed after you completed the application payment. To ensure the timely assessment of your application, you must complete payment within the 30 minute timeframe. 

Application fees if you are applying from: 

  • within Australia: A$1,397 

  • outside Australia: A$1,270 

Application fees are non-refundable. Applications that remain unpaid will be closed by our office. Retain a copy of your receipt as proof of payment.  

Application processing time 

You will receive an outcome, or request for further information, within four weeks of your application payment.  

Next steps 

If your application is approved, you will receive a notification of approval by email with a signed copy of the Home Affairs’ Form 1414. NSW nomination is valid for 90 days.   

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