Subclass 888- Business Innovation and Investment (Permanent) visa
The Business Innovation and Investment visa allows business people and investors who own and manage a business or hold investments in Australia to continue these activities on a permanent basis. Premium Investor Stream The minimum requirements of the Premium Investor stream are set out below: | |
Applicant
At the time that you lodge your visa application, you must:
- have been the primary holder of a subclass 188 Business Innovation & Investment visa in the Premium Investor stream for at least one year
- be nominated by Austrade
- have a satisfactory record of complying with Australian laws, with no involvement in unacceptable investment activities (this also applies to your spouse/de facto partner)
Premium Investment - At the time that you lodge your application, you (or you and your spouse/de facto partner combined) must have continuously held a complying premium investment for the life of your subclass 188 Business Innovation & Investment visa in the Premium Investor stream (with the exception of any part of your investment that was a philanthropic contribution)
- If any part of your complying premium investment (except philanthropic contributions) was a direct investment in an Australian proprietary company, the company must have been operated as a qualifying business
NOTE: A ‘qualifying business’ is operated for profit by providing goods and/or services to the public. It is not operated for speculative or passive investment. |