The Business Innovation and Investment Subclass 188 visa, Significant Investor stream, could be an option towards your permanent residence in Australia.

Pathway to permanent residence

With the Subclass 188 visa, which provides a stay period of up to 5 years, you can carry out investment activities in Australia, and bring eligible family members with you.

The Subclass 188 visa will enable you to apply for the permanent Business Innovation and Investment Subclass 888 visa, Significant Investor stream, if requirements are met.

Nomination

You must be nominated by an Australian State or Territory government agency, or Austrade, before being invited to apply for the Subclass 188 visa.

Investment

You need to invest at least $5,000,000.

If you are invited to apply on or after 1 July 2021, you must make a complying significant investment of at least $5,000,000.

You must have a genuine intention to hold that investment for the life of your provisional visa. You will be expected to make the investment in the following proportions:

  • At least $1,000,000 in venture capital and growth private equity funds which invest in start-ups and small private companies.
  • At least $1,500,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange.
  • A balancing investment of at least $2,500,000 in managed funds. 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.

The funds used to make the complying significant investment must be lawfully acquired and unencumbered.

The investment is not to be used as a basis for security or collateral for a loan. Also, complying investments should be compliant with the Foreign Investment Review Board rules.

Please reach out to us for information about further visa requirements, or a confidential discussion regarding your eligibility for the Subclass 188 and Subclass 888 visas.

At The Migration Place, our experienced Migration Lawyers have a strong record of achieving favourable visa outcomes for our clients including with respect to applications that involve complex issues.

The Migration Place is a division of Irish Bentley Lawyers, based in Brisbane, Australia. We are lawyers, which gives you peace of mind knowing that you are dealing with highly trained legal professionals assisting with your migration matter. This also means that we can provide legal services beyond your visa application.

We pride ourselves on our diligent work ethics, as well as thorough and conscientious work, which enables us to achieve positive outcomes for our clients, meaning that you can take comfort in knowing that your application will be handled professionally with a view of achieving maximum prospects of success.