For Urgent Visa Help

Significant investor stream

The Significant Investor Stream will be a stream of both the Business Innovation and Investment (Provisional) (subclass 188) visa and the Business Innovation and Investment (Permanent) (subclass 888) visa. This initiative is expected to be implemented in 2012-13 program year.

Applicants for this visa must:

  • Submit an Expression of Interest in SkillSelect;
  • Be nominated by a state or territory government;
  • Make an investment of at least AUD5 million into state or territory government bonds, Australian Securities and Investment Commission regulated managed funds with a mandate for investing in Australia and/or direct investment into Australian companies;
  • Meet a lower residence requirement while on the Business Innovation and Investment (Provisional) (subclass 188) visa.
  • The investment must be held in the name of the applicant, or their spouse or de facto partner. The investment cannot be held in superannuation.

Further details on the Significant Investor visa stream will be available closer to the date of implementation.

About the program

Business Innovation and Investment is a niche category in Australia’s skilled migration program. It aims to directly create new business as visa holders become business owners. This is different to the general skilled migration and the employer sponsored visa categories, which aim to supply skilled employees to existing businesses and industries at risk of skill shortages.

The Business Skills reforms are part of a legislative change process and are expected to be implemented by 1 July 2012. Due to this, the department cannot respond to individual client specific enquiries.

The Business Innovation and Investment Program is designed to increase entrepreneurial talent and diversifying business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation and business and are able to make a significant contribution to the national innovation system and to the Australian economy.

The program’s objectives are to:

  • Generate employment;
  • Increase the export of Australian goods and services;
  • Increase the production of goods and services in Australia;
  • Introduce new or improved technology;
  • Increase competition and commercial activity;
  • Develop links with international markets; and increase the dispersal of business migrants across Australia through state and territory government nomination.