Investor Stream (SC 888B)
Overview
The Investor Stream of the Business Innovation and Investment (Permanent) Visa (subclass 888) enables you to sustain your investment endeavors in Australia permanently.
Benefits of this visa
Australia’s strong economy creates countless opportunities for foreign investors who are seeking to build a mark in their industry.
Clear pathway to Australian citizenship
Upon completing four years of residency, you are eligible to attain Australian citizenship.Public health care benefits
You are eligible for Australia’s comprehensive health coverage through Medicare.
Visa processing time
The processing time for the Investor Stream (Permanent) Visa (SC 888B) can vary and it's important to understand that it can be affected by many factors. Factors can include if documents provided are sufficient, to the volume of applications received by the Department. To give you an idea of what to expect, here's an estimated timeline of how long your visa application may take to process.
50% of applications: Processing time is 19 months
90% of applications: Processing time is 30 months
To avoid any delays in your application, ensure that all the essential documents are accurately and promptly submitted. Also, make sure that you are updated with any visa policy changes as Australia’s immigration directives are changing over time.
Application process
Here’s a simplified breakdown of the Investor Stream (Permanent) Visa (SC 888B) application process. If you’re having difficulty understanding this process, you can send your questions here.
Check your qualifications
Aside from having a Business Innovation and Investment (Provisional) visa under the Investor Stream, you also need to fulfill these specific requirements:
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Unless COVID-19 concessions apply, you must have held a Business Innovation and Investment (Provisional) visa under the Investor Stream:
For at least 3 years, if you were invited to apply for this visa on or after 1 July 2021
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Unless COVID-19 concessions apply, you must have resided in Australia for at least 2 years while holding the subclass 188B (provisional) visa.
Significant Investment
For the whole period during which you held your provisional visa, you must also have held the ‘complying significant investment’ worth AUD2.5 million.
Please note that if you transferred this fund from one investment to another, you must inform the Department of Home Affairs.
Designated Investment
Your designated investment of AUD1.5 million must have been held continuously for 4 years in your name, or in the names of yourself and your spouse or de facto partner together.
Gather documents
You will need to prove your identity and provide documents about your business and assets. Although you don’t need to write another expression of interest, the state or territory needs to confirm that your nomination is still current.
Cost
This visa costs AUD3,310.00 for the main applicant, and you will be charged for each family member who applies for this visa with you.
Any applicant 18 years old or older who has less than functional English must also pay an extra charge which is called the second installment charge. The second instalment charge will cost you AUD4,890.
Accreditation
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