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. 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.