This visa is for successful business owners or investors from overseas who are willing invest in new or existing business in Australia or make designated investment in Australia State or Territory government bonds.
This visa is the second stage of the Business Innovation and Investment visa. You can apply for this 888 permanent visa after holding the 188 provisional visa either for 2 years in the Business Innovation Stream or 4 years in the Investor Stream and you have met all prescribed criteria.
The significant investor visa allows overseas applicants who invest at least $5m in ‘complying investments’ in Australia for 4 years to obtain permanent residence. There is no Age or English Requirements.
This is a permanent visa designed for high calibre business people who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia.