Significant Investor Stream Visa (Subclass 188)
This provisional visa is designed for individuals willing to make a significant investment in Australian investments that meet specific criteria and maintain investment activity in Australia.
Key features of this visa include:
- The ability to engage in investment activities in Australia.
- A maximum stay of up to 5 years.
- The opportunity to include eligible family members in your application.
- Eligibility to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) under the Significant Investor stream if certain conditions are met.
The visa fee for the main applicant is AUD13,860.00.
Additional charges apply for family members over 18 years old (AUD6,930.00) and under 18 years old (AUD3,470.00).
Applicants over 18 years old who do not have functional English and have not paid a second instalment of the visa application charge will incur an additional charge.
The second instalment charges are AUD9,795 for the main applicant and AUD4,890 for family members.
Visa holders and their family members must comply with all visa conditions and Australian laws. Specific conditions may be attached to the visa, such as restrictions on marrying or entering a de facto relationship before entry (Condition 8515). Maintaining investment and complying with Australian workplace laws is essential.
Processing times vary, with different percentages of applications processed within specified timeframes.
Delays may occur due to incomplete applications or the need for additional information.
Failure to pay the correct visa application charge will result in non-processing, and your application may be returned if necessary.
Investment Requirements:
- If invited to apply on or after July 1, 2021, you must make a complying significant investment of at least AUD5 million, distributed among venture capital, approved managed funds, and a ‘balancing investment.
- For those invited before July 1, 2021, you must make a complying significant investment of at least AUD5 million, following similar distribution requirements.
- Direct investment in residential real estate is prohibited. You must not use investments as security or collateral for loans.
English Language Requirement:
- Applicants aged 18 or older at the time of application must demonstrate functional English, or pay the second instalment of the visa application charge.
Immigration History:
- Your immigration history will be considered when assessing your application.
- Previous visa cancellations or refusals may impact eligibility.
Frequently Asked Questions
Yes, you can apply for permanent residence through the Business Innovation and Investment (Permanent) Visa (Subclass 888) in the Significant Investor stream, provided you meet the requirements.
You can apply for a new Business Innovation and Investment (Provisional) Visa (Subclass 188) in the Significant Investor Extension stream, granting you an extended stay of up to 7 years.
Yes, you can apply for a second Significant Investor Extension stream visa, allowing you to stay in Australia for up to 9 years after the grant of the original Business Innovation and Investment (Provisional) Visa (Subclass 188) in the Significant Investor Extension stream.
Yes, there are specific investment proportions you must follow, including venture capital, approved managed funds, and a ‘balancing investment.’ Direct investment in residential real estate is prohibited, and there are limits on indirect investment in residential property through managed funds.
No, you are not allowed to use your investments as security or collateral for a loan. For detailed information about visa conditions and your obligations, refer to this [link].
Currently, there are no frequently asked questions available for the Aged Dependent Relative Visa (Subclass 114).