Investor Stream Subclass 188 (Provisional)

This Visa is designed for people who want to make a designated investment of at least AUD 2.5 million into a complying Australian-managed investment funds for the duration of the provisional visa validity, and reside in Australia for at least two years.

Business Visas are complex. Please contact our team of registered migration experts for immediate advice and assistance.

WHO IS ELIGIBLE FOR THIS VISA?

• Minimum Eligible investment and Qualifying Investment requirements have to be met;
• For at least one of the 5 fiscal years immediately before the application is made one of the following applies:
• For the 2 fiscal years immediately before receiving invitation to apply, you, your partner, or you and your partner together, have business and personal assets with a net value of at least AUD2.5M. These assets must have been lawfully acquired and be available for transfer to Australia within 2 years of the visa being granted.
• You have at least 3 cumulative years of experience of direct involvement in managing a qualifying business and/or eligible investment and have an overall successful record.
• You must be nominated by an Australian State or Territory government agency before being invited to apply for this visa.
• You must be under 55 unless the nominating State or Territory has provided their support to waive the age requirement due to your proposed investment activity being of exceptional economic benefit;
• Meet the points test pass mark, set as 65;
• When you are invited to apply, you must make a complying significant investment of at least AUD2.5 million. You must hold complying significant investments continuously for the life of your provisional visa (5 years). It must be invested in the following proportions:
• The managed funds can be invested in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
• Only indirect investment in residential property through managed funds can apply.
• You must satisfy the Department of Home Affairs that once you have made the designated investment you have a realistic commitment to undertake investment activities OR establish or participate in a qualifying business in Australia and maintain substantial ownership and direct and continuous involvement in the management of that business. There is no business turnover requirement.

What Does This Visa Let You Do?

• Include your dependent family members in your application so they can get the same visa as you;
• Apply for Permanent Residence – Business Innovation and Investment Visa-Subclass 888 (Permanent)
• You will need to live in Australia for the period of 2 out of 4 years immediately before the date of application. It does not need to have been for a continuous stay and combining short period of stay may be added together to satisfy this requirement.