Visa 188B/888B

• Be under 55
• Have functional English
• Meet our health requirement
• Be nominated by a State or Territory government agency to invest at least
  • AUD2.5 million that meets certain requirements if you were invited to apply on or after 1 July 2021
  • AUD1.5 million in an Australian State or Territory if you were invited to apply before 1 July 2021
• Score at least 65 on the points test
• Have net business, investment and personal assets of at least AUD2.5 million

You must:

Have managed a qualifying business or investments to the value of at least AUD1.5million.

For at least 1 of the 5 fiscal years immediately before we invite you to apply, have directly managed one of the following:

• a qualifying business in which you, your partner or you and your partner combined had at least 10% ownership interest, or
• a eligible investment of at least AUD1.5 million owned by you, your partner or you and your partner combined.

Have required assets

For the 2 fiscal years immediately before we invite you to apply, you, your partner, or you and your partner together, have business and personal assets with a net value of at least:

• AUD2.5 million if you were invited to apply on or after 1 July 2021
• AUD2.25 million if you were invited to apply before 1 July 2021.

These assets must have been lawfully acquired and be available for transfer to Australia within 2 years of the visa being granted.

If you were invited to apply on or after 1 July 2021

If you were invited to apply for this visa on or after 1 July 2021, you must make (on or after the time of application for this visa), a complying significant investment of at least AUD2.5 million. You must hold complying significant investments continuously for the life of your provisional visa.

It must be invested in the following proportions:

• at least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
• at least AUD750,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
• a ‘balancing investment’ of at least AUD1.25 million in managed funds

The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.

We prohibit direct investment in residential real estate. We strictly limit indirect investment in residential property through managed funds.

You must not use investments as security or collateral for a loan.

If you were invited to apply before 1 July 2021

If you were invited to apply for this visa before 1 July 2021, after you lodge your application, you must make a designated investment of at least AUD1.5 million in the State or Territory in which the nominating State or Territory government agency is located. This investment must be in your name or in your name and your partner’s name. The investment must be made from unencumbered funds generated from qualifying businesses or eligible investments. To be eligible for the Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream, you must hold the designated investment for at least 4 years from the date the investment certificate is issued by your nominating State or Territory.

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LOREM IPSUM DOLOR SIT AMET, CONSETETUR SADIPSCING ELITR, SED DIAM NONUMY EIRMOD TEMPOR INVIDUNT UT LABORE ET DOLORE MAGNA ALIQUYAM ERAT, SED DIAM VOLUPTUA. LOREM IPSUM DOLOR SIT AMET, CONSETETUR SADIPSCING ELITR, SED DIAM NONUMY EIRMOD TEMPOR INVIDUNT UT LABORE ET DOLORE MAGNA ALIQUYAM ERAT, SED DIAM VOLUPTUA.

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