And Investment Visa
The Subclass 188 Visa has five visa Streams:
Business Innovation Stream [points tested]: It requires the application to be made via the SkillSelect process. This process has a “Points Test,” English Language and EOI requirement. The Business Innovation stream offers a 2-year extension if you have held the subclass 188 visa for 3 years, giving you 6 years (temporary status) from the date of grant of the original visa.
Investor Stream [points tested]: Available for applicants making a designated investment in an Australian State or Territory. This stream requires the primary applicant to spend 2 years in Australia before progressing to Permanent Residency.
Significant Investor Stream: Available to applicants who are making a (minimum) $5 million investment in Australia. After a period of 4 years, applicants may be able to apply for permanent residence through the Business Innovation & Investment (Permanent) Subclass 888 visa.
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Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.
You must also have a genuine and realistic commitment to continue your business and investment activity in Australia after the conclusion of your provisional visa.
You, your partner (spouse or de facto), or you and your partner combined must have net assets of at least AUD15 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.
You and your partner must not have been involved in unacceptable business or investment activities.You, your partner and other family members aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.