Significant Investor Stream Subclass 188 (Provisional)

This Visa is designed for people who would like to invest at least AUD5 million into a complying Australian-managed investment funds for the duration of the provisional visa validity and reside in Australia for an average of 40 days a year for primary visa holders. The visa applicant has the intention to hold the investment of the whole of the visa period of 5 years.

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

WHO IS ELIGIBLE FOR THIS VISA?

• Be nominated by a State or Territory government or Austrade before being invited to apply for this visa;
• You must make a complying significant investment of at least AUD5 million, and have a genuine intention to hold that investment for the life of your provisional visa. It must be invested in the following proportions
• The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
• Direct investment in residential real estate is prohibited. Indirect investment in residential property through managed funds is strictly limited.
• There are no upper age limits;
• There is no need to satisfy the points test;
• You need to show you have AUD 5million, lawfully acquired and unencumbered, for which you can use towards your Complying Significant Investment;
• You must invest at least AUD 5 million into complying investments in Australia before visa grant;
• Significant Investments can be made only by you or you together with your spouse or de-facto partner;
• You need to be able to prove the source of funds is lawfully acquired.

What Does This Visa Let You Do?

• As it is a full re-entry visa you can travel in and out of Australia for the life of your visa;
• 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) after 5 years
• To apply for PR, you need to have been resident in Australia for the cumulative total of 40 days per year from the grant of the visa. OR
• If your spouse wishes to apply as the main applicant for the PR visa, the applicant needs to have been resident for the cumulative total of 180 days per year from the grant of the 188 visas