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Business Innovation and Investment (Provisional) visa - Premium Investor stream (Subclass 188)

AustraliaInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

The Premium Investor stream requires nomination by Austrade, an invitation to apply, and (after lodging the application) a complying premium investment of at least AUD15 million in eligible options: ASX-listed assets, Australian government/semi-government bonds or notes, investment-grade Australian corporate bonds/notes, Australian proprietary companies operating qualifying (non-passive, non-speculative) businesses, non-residential Australian real property, deferred annuities from Australian registered life companies, or a state/territory-endorsed philanthropic contribution (which can form part or all of the investment). This stream closed to new applications on 1 July 2024.

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What official minimum amount, tier or threshold applies to each relevant option?

Investment capital: a complying premium investment of at least AUD15 million, and separately, net assets (own, partner's, or combined) of at least AUD15 million available to fund it. Government fees are distinct from that capital: the main-applicant visa application charge is AUD9,455.00; family member charges are AUD4,725.00 (18 years or older) and AUD2,365.00 (under 18); a second instalment charge (payable only if an applicant aged 18+ lacks functional English) is AUD9,795 for the main applicant and AUD4,890 per family member.

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How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

The applicant must have a genuine intention to hold the investment for the whole period of the provisional visa (except any philanthropic-contribution portion), and must show a genuine, realistic commitment to continue investment activity in Australia after the visa ends. Eligible investment funds must keep cash at no more than 20% of the fund's net assets, using derivatives only for risk management. To apply for the permanent subclass 888 Premium Investor stream, the applicant must hold the AUD15 million investment for a minimum of 12 months and follow Australian workplace laws.

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Which family members can be included where officially stated, and what broad residence/work rights result?

Family unit members can be included at application, and dependent children can be added at any time before a decision is made. Family members applying for the visa must meet health and character requirements; family members not coming to Australia may also have to meet character requirements and possibly health requirements. Family member charges differ by age (AUD4,725.00 for 18+, AUD2,365.00 for under 18); the second-instalment charge for family members is AUD4,890 where applicable. The official source does not state the family members' residence or work rights.

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What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

This is a provisional (temporary) visa valid for 4 years and 3 months, with multiple entry; a new visa application (not a renewal) is required to stay longer. The officially stated longer-term direction is the permanent Business Innovation and Investment (subclass 888) visa, Premium Investor stream, if requirements are met, which requires holding the AUD15 million investment for a minimum of 12 months. This stream closed to new applications on 1 July 2024.

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These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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