Significant Investor Visa – Beginner’s Guide

March 13, 2023    Immigrationlawyers
Significant Investor Visa – Beginner’s Guide

With a stable and ever-increasing economy, Australia has become one of the premier investment hubs in the world. The progressive economy of Australia attracts plenty of investors from different countries to invest in businesses here.

Anyone having a business with a high net worth and planning to settle permanently in this nation to invest in more and more Australian businesses can apply for a Significant Investor Visa.

To apply for a Significant Investor Visa, one must show that they have been investing or running a business in the nation for over two years. Once approved, this visa allows applicants to live, study, and work in Australia for a lifetime.

But what exactly is this investor visa?

How to apply for one without much hassle?

What Is The Legal Procedure To Apply For An Investor Visa In Australia?

You can get precise answers to these questions in this article. So, let’s start.

Overview of the Significant Investor Visa

A Significant Investor Visa will be the right choice if you seek flexibility in performing multiple investment activities in Australia. However, this visa demands the applicant to commit and invest at least AU$ 5 million while offering a variety of acceptable investment choices.

Currently, this visa takes around one or two years to process. Once you complete five years, you can apply for Australian citizenship. With a Significant Investor visa, you’ll be able to:

  • Live in Australia for a maximum of five years.
  • Perform multiple investment activities in Australia.
  • Bring family members to Australia with you.
  • Apply for a permanent significant investor visa (subclass 888)

Let’s understand the benefits of applying for a significant investor visa in depth:-

The Significant Investor Visa terms and conditions enable you to live, study, or work in Australia for a period of five years. Not only will you get entitled to a top-notch healthcare system, but also high-quality education. With this visa, you can bring qualifying dependents to Australia, like your de facto partner or spouse or dependent child under 18.

The best part about this visa is that you won’t require any points test or English language proficiency. There isn’t any upper age limit, and one can consider this visa a direct route to Australian citizenship. You can get up to four years of extended provisional visa only once, which means you can get entitled to a maximum of nine years of provisional visa.

Investment Choices

Here is a distribution of how much of a significant investment you need to make and hold for the visa period:

  • A minimum of AU$ 1.5 million in authorised and recognized managed funds for investing your hard-earned money in startups and rising firms recorded in the Australian Stock Exchange.
  • Investing a minimum of AU$ 1 million in small and medium-sized businesses and startups via growth private equity funds and venture capital funds.
  • Investing the remaining AU$ 2.5 million (balancing investment) in managed funds that may later invest the money in various assets.

You must reinvest the withdrawn money (if any) into any similar investment option within a month.

Significant Investor Visa Eligibility

Here are the few eligibility criteria one must fulfil to be eligible for a significant investor visa:

  • Before getting invited to apply for a significant investor visa, ensure getting nominated by a Territory or State government or Austrade.
  • You need to make a significant investment of a minimum of AU$ 5 million while having a genuine intention of holding that investment for the entire span of the provisional investor visa.
  • Investing in managed funds means investing in companies included in the Australian stock exchange, commercial real estate, and corporate notes or bonds.
  • It doesn’t need you to meet the points test requirement and comes with no upper age limit. You must show you hold AU$ 5 million legally and ethically. Ensure investing around AU$ 5 million into significant investments in Australia.
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