After four years on a provisional subclass 188 visa, you can then apply for the permanent subclass 888 visa . There are four visa streams in this program to choose from.
Who can apply for this visa?
This visa is for business owners and investors who want to establish a business, or invest, in South Australia.
This visa offers applicants the choice of four streams:
- Business Innovation stream: Business owners who want to relocate their overseas business or establish a new business in South Australia.
- Investor stream: Successful investors or business owners willing to invest and maintain AUD$1.5 million (AUD$5 million if over 55 years of age) into South Australian Government Financing Authority (SAFA) bonds for four years.
- Significant Investor stream: People willing to benefit South Australia and invest AUD$5 million into a complying investment for four years.
- Entrepreneur stream: People who have a funding agreement from a third party for at least AUD$200,000 to undertake a complying entrepreneur activity that is proposed to lead to either the commercialisation of a product or service in Australia or the development of a business in Australia.