Under this temporary visa, applicants are required to invest AUD 1.5 million in an Australian state or territory and maintain business and investment activity in Australia.
What does the Business Innovation & Investment Provisional Visa (subclass 188)
– Investor Stream allow you to do?
Visa holders can:
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conduct business and investment activity in Australia
live in Australia for up to 4 years and 3 months.
Include family members in the application and bring them to Australia
apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream
Eligibility for the Business Innovation & Investment Provisional Visa (subclass 188)
– Significant Investor Stream
Applicants for this stream must:
have received a nomination by an Australian State or Territory government after lodging an Expression of Interest (EOI) through the SkillSelect system
be below 55 years in age. Older applicants may be accepted by a state or territory if the applicant’s investment will be of exceptional economic benefit
genuinely intend to live for at least 2 years in the state or territory in which they have invested
demonstrate that they have at least 3 years’ experience managing one or more qualifying businesses or eligible investments
have a successful record of eligible investment or qualifying business activity
have a genuine and realistic commitment to their business or investment activity in Australia after the original investment
get at least 65 points on the points test
meet the relevant character and health requirements
not have had a visa cancelled or refused
have paid or made arrangements to pay back any money owed to the Australian government
meet the relevant character and health requirements
STAY
Up to 4 years and 3 months
PROCESSING TIME
Unavailable
COST
From AUD4,985
Read about Business Innovation & Investment Permanent Visa (subclass 888) Investor Stream
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