This is a state nominated provisional residence visa for business owners, investors and entrepreneurs. It is the first step in a two-step pathway to permanent residency. There are four visa streams in this program to choose from.
Who can apply for this visa?
This visa offers applicants the choice of four streams:
Business Innovation stream: Successful business owners who want to undertake business in South Australia.
Investor stream: Successful investors or business owners willing to invest and maintain AUD$2.5 million (AUD$3.75 million if over 55 years of age) into complying investment fund for the duration of the provisional visa.
Significant Investor stream: People willing to invest AUD$5 million into a complying investment fund for the duration of the provisional visa.
Entrepreneur stream: People who have support from a selected Service Provider to undertake a complying entrepreneurial activity that is proposed to lead to either the commercialisation of a product or service in South Australia or the development of a business in South Australia.
Pathway to permanent residency
After three years on a Business Innovation and Investment (Provisional) subclass 188 visa, you may be eligible to apply for the Business Innovation and Investment (Permanent) visa - subclass 888.
Previous state nomination requirements for subclass 188