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ARTICLE · 19 SEPTEMBER 2012

'Significant Investor' visa a new pathway for migrant investors

Cooper Grace Ward
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The new 'significant investor' visa provides a new pathway for migrants who invest in certain Australian investments.

AustraliaImmigration
David Grace
David Grace
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The new 'significant investor' visa will commence on 24 November 2012, providing a new pathway for migrants who invest more than AUD $5 million in certain Australian investments.

This new type of visa will be part of the Business Innovation and Investment Stream, in addition to the (Subclass 188) (Provisional) visa and the (Subclass 888) (Permanent) visa, which were introduced on 1 July 2012.

What are the eligibility criteria?

When the new visa comes into effect, it is expected that the following key criteria will apply:

  • An expression of interest must be submitted through SkillSelect.
  • Applicants must be nominated by a State or Territory government.
  • Applicants must make an investment of at least AUD$5 million into a complying investment.

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