Business Innovation and Investment (Permanent) Visa

Significant Investor Stream (SC 888C)

Visa Overview 

This is a permanent visa that lets you continue investment and business activity in Australia. However, you should prove your current nomination to the State or Territory government.

Benefits of this visa

Australia’s strong economy creates countless opportunities for foreign investors who are seeking to build a mark in their industry.

  • Pathway to Australian citizenship
    Aside from staying in Australia permanently, you will be granted a pathway to Australian citizenship.

  • Eligible to Australia’s public health care
    You are now eligible to enroll in Australia’s public health scheme - Medicare.

  • Be with your family
    Operating and managing a business is not an easy route to take especially if you’re doing it in a foreign country. However, with this visa, you can sponsor your eligible family and relatives to live with you in Australia.

Visa processing time

he processing time for the Significant Investor Stream (Permanent) Visa (SC 888C) 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 37 months

  • 90% of applications: Processing time is 41 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 Significant Investor Stream (Permanent) Visa (SC 888C) 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  Significant Investor Stream, you also need to fulfill these specific requirements:

  • Unless COVID-19 concessions apply, you must have held a Business Innovation and Investment (Provisional) visa under the Significant Investor Stream:

    For at least 3 years, if you were invited to apply for this visa on or after 1 July 2021

  • Unless COVID-19 concessions apply, you must have resided in Australia for a continuous period of 4 years while holding the subclass 188C (provisional) visa.

Complying Significant Investment

For the whole period during which you held your provisional visa, you must also have held the ‘complying significant investment’ worth AUD5 million.
Please note that if you transferred this fund from one investment to another, you must inform the Department of Home Affairs.

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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