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:
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: