Australian state Victoria has now opened the provisional Investor stream (188B) and provisional Significant Investor stream (188C) visa nomination programs for the program year 2021-22. The investor visa is for those high net-worth individuals, who wish to make investment in Australia and maintain business and/or investment activity in Victoria. This nomination program has opened with some changes. Find below more details.
Victoria’s Investor nomination program changes 2021
The key changes to the state nomination program 2021-22 are as follows:
Investor (188B)
Significant Investor (188C)
In case you have received the Victorian government nomination for an Investor or Significant Investor visa before July 1, 2021, these changes will not affect you.
Also read- How to immigrate to Australia from India
Business Innovation and Investment (Provisional) visa (subclass 188) – Investor stream
This provisional visa is for the high net-worth people, who wish to invest minimum A$2.5 million into complying investments in Australia and sustain business and/or investment activity in the state of Victoria. This visa allows you to stay in Australia for up to 5 years. You can also apply for permanent residence visa after being in Australia on this visa for 3 years.
Business Innovation and Investment (Provisional) visa (subclass 188) – Significant Investor stream
This particular provisional visa is for high net-worth individuals, who wish to invest minimum A$5 million into complying investments in Australia and want to maintain business and/or investment activity in Victoria. This visa allows you to live in Australia for up to 5 years. After 3 years, you can apply for permanent residence.
To apply for Australia PR visa, skilled visa, study visa, family-sponsored visa, etc. this year, you may contact Visas Avenue Australia Migration Expert for trusted advice, assistance and support. You may call VA immigration expert on Toll-Free No. 78-18-000-777 or you can drop us an e-mail at info@visasavenue.com.
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