There are two major subclass 888 streams: 

• Business Innovation Stream: requires you to have owned a business in Australia which meets criteria, including asset and turnover requirements
  
• Investor Stream: you must have held a complying investment in Australia for the visa period.
  

Investor Stream: you must have held a complying investment in Australia for the visa period.

Common Criteria

All applicants must meet the following criteria:

• The applicant must get the Nomination from the same State or Territory Government that nominated you for the subclass 188 visa
  
• You have a genuine commitment to maintaining your business or investment activities in Australia
  
• You have complied with the applicable Australian Commonwealth, State, and Territory laws (e.g., Taxation, Human Resources, Criminal Laws, etc.)

Business Innovation Stream Requirements

This option requires you to have owned a business in Australia. You will need to meet the following if you are applying through the Business Innovation Stream:

• Residence Requirement: presence in Australia for at least one of the 2 years immediately before lodging the Application
  
• One criterion is a minimum turnover of AUD 300,000 for the last 12 months.
  
• You must meet two of the following three criteria for the 12 months before Application:
       1. Net assets in the business of at least AUD 200,000
       2. 2 Full-Time Equivalent employees working in the business
       3. Net business & personal assets of at least AUD 600,000
  

Investor Stream Requirements

For this option, you must hold an Investment Stream Subclass 188 provisional visa, and meet the following criteria:

• Residence Requirement: you must have been in Australia for at least 2 of the last 4 years
  
• The applicant must have held a 188 visa in the investor for at least 2 of the 4 years before making Application
  
• Have maintained a complying significant investment (AUD 2.5 million) with an Australian state or territory for the whole of the period during which the applicant held a subclass 188 visa.

Business migration can be highly complex, and even determining whether you have a good chance of qualifying can be difficult. In addition, you may be able to qualify in several different business migration categories.