Visa 888 - Business Innovation and Investment Significant Investor Stream (Permanent)

Significant Investor Stream

This visa is available for holders of the 188 Business Innovation and Investment – Significant Investor stream visa.

State nomination criteria

To apply for Western Australian State nomination you must have met the following conditions:

  • that you have lived in Australia for a total of at least 160 days in the four years immediately before you apply for this visa, or that your partner has lived in Australia for a total of at least 720 days (as required by the Department of Home Affairs)
  • that you have held complying investments continuously for the entire time you held your 188 Business Innovation and Investment (Provisional) visa (as required by DIHA)
  • unless the Government of Western Australia has approved a change to your business proposal, you must have met the conditions of the State nomination agreement of your provisional visa; including,
    • maintaining your funds in any type of investment in Western Australia upon maturity of your complying investments; and
    • you are expected to have purchased a residence in Western Australia

Note: The rules in force at the time you applied for your original subclass 188 visa in the Significant Investor stream will apply to you when your application for a subclass 888 visa is assessed.

If you applied for your Provisional visa (subclass 188) in the Significant Investor stream before 1 July 2015, you are eligible to apply for a subclass 888 visa after holding your provisional visa for three years and 11 months. If you applied for your provisional visa after 1 July 2015, you are required to hold your provisional visa for at least four years before applying for a subclass 888 visa.

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