888C Significant Investor Stream

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Project Introduction

This visa lets you continue your investment activities in Australia permanently.

Project Advantages

Stay in Australia permanently

Work and study in Australia

Enrol in Australia's public health care scheme, Medicare

Sponsor your relatives to come to Australia

Travel to and from Australia for 5 years

If eligible apply for Australian citizenship

Application requirements

Unless COVID-19 concessions apply, you must be the holder of a:

Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor. If you were invited to apply for this visa on or after 1 July 2021, you must have held this visa for at least 3 years, or

Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor Extension stream, or

Business Innovation and Investment (Provisional) visa (subclass 188) granted on the basis that you were the spouse or de facto partner of a person who held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream or Significant Investor Extension stream and

You have held this visa for at least three years if the primary visa holder was invited to apply for their Business Innovation and Investment(Provisional) visa (subclass 188) in the Significant Investor stream or Significant Investor Extension stream on or after 1 July 2021 and either you have ceased to be the spouse or de facto partner of the primary visa holder or the primary visa holder has died

You must have a current nomination from a state or territory government agency or Austrade.

When granting your Business Innovation and Investment (Provisional) visa, you invested AUD5 million in a ‘complying investment’ or a ‘complying significant investment’.

When operating your business in Australia, you and your partner must have followed: Commonwealth laws and the laws of the states or territories where your business operated

You might have to pay an extra charge for any dependent applicant 18 years old or older who has less than functional English. If they can't show that they have at least functional English, they will need to pay the second instalment of the visa application charge when we ask you to.

Unless COVID-19 concessions apply, to be granted a Business Innovation and Investment (Permanent) visa (subclass 888), you (the primary applicant) must have held a: Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream for a continuous period of 4 years or Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream and one or more Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor Extension stream for a continuous period of 4 years or Business Innovation and Investment (Provisional) visa (subclass 188) in the Significant Investor stream applied for before 1 July 2015, for a continuous period of 3 years and 11 months

You and your partner must not have been involved in any business or investment activities that are unacceptable in Australia.

You must have a realistic commitment to continuing your business and investment activities in Australia.

You and any family members who apply for the visa with you must meet our health requirement.