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 is this visa for?
This visa has four streams:
- Business Innovation stream: Successful business owners who undertake business in South Australia.
- Investor stream: Successful investors or business owners who 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 who 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