This option requires you to have managed investments or owned a business, and to be willing to invest AUD 1.5 million in Australian State or Territory Government bonds. Specific criteria include:
·You have had business and personal net assets of at least AUD 2.25 million for the last 2 fiscal years
·Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit; and
·Meet the pass mark in the Business innovation and investment point table sch 7D (currently 65)
·You must make an investment of AUD 1.5 million in Australian State or Territory bonds prior to grant of the visa.
·You have 3 years of experience either managing a qualifying business or “eligible investments” and have showed a high level of management skill.
For at least 1 of the last 5 fiscal years, you have either:
·Managed a business in which you hold a 10% shareholding: or
·Managed “eligible investments” of at least AUD 1.5 million
“Eligible investments” for the purposes of the Investor Stream include:
·Ownership interests in a business
·Cash on deposit
·Stocks or bonds
·Real estate
·Gold or bullion
·Loan to a business
·State/Territory Nomination visa
Eligibility for Permanent Residence
To qualify for a permanent Business Innovation & Investment (Residence) Subclass 888 visa, you would need to meet the following criteria:
·Applicant have been in Australia on your subclass 188B visa for at least 2 years, within the 4 years prior to lodgment.
·Maintained your investment in Australian State or Territory bonds for the last 4 years.