Day to Day Management for Subclass 888
Business Permanent Visa

Day to Day Management for Subclass 888 Business Permanent Visa

Securing the provisional business visa under subclass 188 is just the start. And if you intend to acquire a permanent business visa under subclass 888, certain criteria must first be met, including the day-to-day management requirement, and it could feel quite exhausting and stressful without proper guidance and advice from visa experts or lawyers.

But you don’t have to do it alone and be completely clueless on what to do best next. In this blog post, we’ll provide you with a summarisation of what you need to submit for compliance and assurance that your permanent visa application under subclass 888 will be approved.

888 Business Permanent Visa Basic Requirements

In order to qualify for and eventually receive approval of your permanent visa application, here are the basic requirements you must fulfil:

• Hold the relevant visa, such as Subclass 188 visa (provisional).
• Maintain current nomination
• Own and manage a business in Australia for at least 2 years before applying
• AUD $300,000 worth of annual business turnover immediately before your application

You must also provide proof of at least two (2) of the following criteria:

• Assets of AUD 200,000 net value in your main business(es) in Australia.
• Personal and business assets in Australia of AUD 600,000 net value.
• Employed an equivalent of two full-time employees, who are not family members, during the last 12 months.

Finally, other general eligibility criteria include the following:

• Comply with Australian laws while operating the business.
• Have functional English proficiency.
• Be present in Australia for at least one (1) year out of the two (2) years immediately before applying.
• Not involved in illegal business activities of any kind.
• Demonstrate a realistic commitment to continuing the business.
• Meet health and character requirements.

What is Day to Day Management for 888 Business Permanent Visa?

Day-to-day management is simply an eligibility requirement for subclass 888 visa applicants. The first fundamental requirement is that you actually own and manage a business in Australia. This also means that you must be continuously holding a managerial position in your own business.

As such, you will be required to show proof and documentation that you are, in fact, directly and actively managing the business. Below are the documents you need to keep and later submit to the Department for your subclass 888 visa application.

Business Documents and Contracts

• Purchase documents for the business.
• Franchise agreements (if applicable).
• Contracts with contractors, resellers, and customers.
• Meeting minutes as evidence of your involvement.
• Communication records (letters or emails) with other businesses or customers.
• Signed business documents showing participation in day-to-day management.
• Hiring and recruitment documents.
• Documentation showing involvement in strategic management.
• Receipts for company purchases.
• Organisational chart demonstrating company structure, including positions, staff distribution,
• reporting lines, and responsibilities.

On Employees

• Submit PAYG Summaries of employees to the Department of Home Affairs
• Employment contracts compliant with Australian employment regulations
• Relevant insurance and superannuation documents
• Evidence for employee permanent residence-visa grant letter or VEVO
• Staff roster
• Employee start date
• Employee last date (if applicable)
• Weekly work hours
• Annual wages

On Assets

• Evidence of Property Ownership (e.g. Title Deeds)
• Valuation Certificates
• Loan Agreements
• Mortgage Statements
• Share & Bond Registers
• Trust Deeds

Keeping all these day to day management documentary requirements in one place is critical to ensuring that your permanent visa application later on will be nothing short of smooth and hassle-free.

At Parish Patience Immigration Lawyers, we can help guarantee a smooth-sailing application process for your permanent business visa. We’ll offer you our best registered migration lawyer or agent to handle your case and take the stress and legalese out of the equation. With us, processing your application will be made easier and faster without compromising your chances of approval.

Contact our office at 02 9286 8700 or email us at ppmail@ppilaw.com.au for an appointment!