The Business Innovation and Investment (Permanent) visa (subclass 888) is the second stage of the Business Innovation and Investment (Provisional) visa (subclass 188). You can apply for it after you have fulfilled the requirements of your provisional visa.
You do not need to submit a new Expression of Interest or be invited to apply for this visa. You need to be nominated by a state or territory government agency or Austrade on behalf of the Australian government if you are seeking to satisfy the primary criteria.
Features of this Visa
The Business Innovation and Investment (Permanent) visa (subclass 888) allows you to manage your business and investments in Australia. This is a permanent residence visa. It lets you and any family members who have also been granted this visa: