Investor Visa is a very fruitful opportunity for business-minded people. Australia’s Significant Investor Visa was inaugurated by the government in 2012. Following this simplified path, High Net Worth Individuals (HNWI) can get permanent residency in Australia by investment immigration. Although there is no direct Australian citizenship by investment plan, citizenship can be earned after three to four years of residence, including one year of permanent residency.
Business innovation and investment (provisional) visa (subclass 188)
With a business innovation and investment (provisional) visa (subclass 188), capable businesspeople are nominated by the Australian government to lay the foundation of their businesses in Australia.
This visa subclass contains the following visa subclasses:
1.Business Innovation Stream
This investor stream doesn’t require any minimum investment. Nomination is needed on behalf of the Australian government by the territorial government, the state, or Austrade.
Investor stream a minimum investment of AUD 1.5 million is required for this investor stream. The territory’s or state’s government must make the nomination.
2.Significant Investor Stream
A minimum commitment of AUD 5 million is required for this investor stream. Nomination is needed on behalf of the Australian government by the territorial government, the state, or Austrade.
3.Premium Investors Stream
A minimum commitment of AUD 15 million is required for this investor stream. On the behalf of the Australian government, the nomination is made by Austrade.
Business Innovation And Investment Visa (Subclass 888)
After visa subclass 188, the second level is a business innovation and investment visa subclass 888. After completing all of the criteria of visa subclass 188, this visa permits you to continue owning and operating your business in Australia. The Australian government allows permanent residency for businesspeople under this visa.