Significant Investor Stream – Subclass 188 (Provisional)

How This Visa Works?

TBC

Who Is Eligible For This Visa?

• Be nominated by a state or territory government before being invited to apply for this visa;
• Age must be under 55 or the nominating jurisdiction must provide their support to waive the age requirement;
• Meet the points test pass mark, set as 65;
• Have at least 3 years’ experience of direct involvement in managing a qualifying business or eligible investment and have an overall successful record.
• Your business and personal assets have a net value at least AUD2,250,000 for the 2 fiscal years immediately before you are invited to apply.

• Make a designated investment at least AUD1,500,000 in to a state or territory government bond for 4 years before visa grant
• For at least one of the 5 fiscal years immediately before the application is made:
– you have maintained direct involvement in either managing a qualifying business in which you (or you and your spouse or de facto partner together) had an ownership interest; or
– you have maintained direct involvement in managing your (or your and your spouse or de facto partner’s combined) eligible investments, the total value of which was at least AUD 1,500,000
• Have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business.
• There is no business turnover requirement.