This is a 4-year points tested (provisional) visa option to business owners who want to relocate their overseas business or establish a new business in Australia. Once your business is established for 4 years, then you can apply for your permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
This is a 4-year points tested (provisional) visa option for successful business investors willing to invest a minimum AUD $1,500,000 in Australia for four years. Once you have maintained an investment for 4 years, then you can apply for your permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
Significant Investor Visa
The Significant Investor stream requires a minimum investment of AUD $5,000,000 into a complying investment for four years. With minimal residence requirements and no points test, this has been an attractive option for high net worth individuals. Currently, the visa requires the primary applicant to be present in Australia for a minimum of 160 days (cumulatively) during the course of the four year visa term and to also maintain the investment in order to then qualify for permanent residence.
Business migrants who hold subclass 188 visas can apply for the Business Innovation and Investment (Permanent) (subclass 888) in order to gain permanent residency. You can apply for a Business Innovation and Investment visa (Subclass 888) (Permanent) after two years of holding a visa Subclass 188 of Business Innovation Stream or 4 years of the Investor Stream.
The Significant Investor visa is a stream within the Business Innovation and Investment (Provisional) (Subclass 188) visa and the Business Innovation and Investment (Permanent) (Subclass 888) visa