188 Premium Investor stream (D)
Purpose
This provisional visa is for people who are nominated by Austrade and who invest at least AUD 15 million in Australian investments and/or philanthropic contributions.
Stay
Up to 4 years and 3 months.
With this visa, you can…..
- Carry out business and investment activity in Australia
- Bring eligible members of your family with you
- Apply for a permanent Business Innovation and Investment (Permanent) visa (Subclass 888) Premium investor stream
Most attractive benefits of this visa
- There is no age or English requirements
- No point test required
- You can apply for permanent 888 visa once you obtain a record of maintaining an investment in Australia for a year.
Main criteria
- Nominated by an Austrade
- Invitation to apply through skillselect
- Invest at least AUD 15 million in Australian investments and/or philanthropic contributions that meet certain requirements
- Have a genuine intention to hold the investment for the whole period of the visa
Complying premium investments include:
- Australian securities exchange listed assets
- Australian government or semi-government bonds or notes
- Corporate bonds or notes issued by an Australian exchange listed entity (or wholly owned subsidiary of the Australian listed entity), investment grade rated Australian corporate bonds or notes rated by an AFS licenced debt rating agency
- Australian proprietary limited companies that operate qualifying businesses (providing goods or services to the public with a profit-making intention, and not passive speculative in nature)
- Real property in Australia excluding residential property
- Deferred annuities issued by Australian registered life companies
- State or territory government approved philanthropic contribution
The next step towards your Permanent Residency is the Subclass 888. Click here to learn about this visa