The Business Innovation and Investment visa program (BIIP) will cease, with refunds of the visa application charge provided from September 2024 for those who wish to withdraw their BIIP application.
This visa is only available to applicants who are nominated by an AusTrade. This is a 4-year temporary visa, for people who want to invest at least AUD 15 million into complying investments in Australia. After maintained an investment in Australian for 1 year, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
The applicants can either be in Australia or overseas to lodge this visa. If the applicant is in Australia, he/she must hold a Substantive Visa or a Bridging A, B, or C visa.
| General Requirements |
Applicants must make an investment of at least AUD 15 million in a “premium investment” prior to grant of the visa. A “premium investment” for the purposes of the Premium Investor Visa includes:
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| Advantages |
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Note that business migration can be extremely complex, and even determining whether you have a good chance of qualifying can be difficult. In addition, you may be able to qualify in a number of different business migration categories.
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