Significant Investor Provisional (subclass 188) Visa
The Significant Investor Provisional (subclass 188) visa is a 4-year temporary visa which can become permanent after applying for the Business Innovation & Investment (Residence) Subclass 888 visa.
About This Visa
This is a 4-year temporary visa which can become permanent after applying for the Business Innovation & Investment (Residence) Subclass 888 visa.
Applicants may apply for the Business Innovation stream visa for a 2-year extension once they have held the subclass 188 visa for 3 years, giving subclass 188 visa holders 6 years from the date of grant of the original visa.
Who can Apply?
- Apply online via SkillSelect from either outside or in Australia.
- Be nominated by an Australian State or Territory government.
- Invest at least AUD 5 million in a “complying investment”.
- There is no upper age limit.
Note: “Complying investments” for the purposes of the subclass 188 visa includes, State or Territory government bonds, ASIC regulated managed funds making investment in Australian assets, or direct investment into unlisted Australian companies.
How can CTG Lawyers help you?
Significant Investor Provisional (subclass 188) visas can be refused for several reasons. Significant Investor Provisional (subclass 188) visa applications have strict criteria which must be met and there are very few waiver provisions for the age, English language and skill requirements.
To satisfy these requirements, it is essential that all applications are assessed, structured and lodged in a way that meets all applicable DIBP law and policy. CTG Lawyers has the expertise to handle the most complex cases and achieve the best outcomes in circumstances where the applicant would have failed had they applied without our support.
What to do next
To get the right advice, contact us for a consultation with one of our specialist advisors.