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Business Innovation and Investment (Permanent) visa (subclass 888C) – Significant Investor stream

This visa lets you continue your investment activities in Australia permanently. 

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A new way to apply

You can now apply for NSW nomination online. 

Please read the follow information carefully before applying: 

  • Clicking 'back' in your browser will cause you to lose any information previously entered. Use 'previous' and 'back buttons within the form to navigate between pages of the form.  

  • You can review information entered in the form and make edits before submitting. 

  • Read our guide to supporting documents website for information about what documents you are required to submit with your application. 

  • Only submit your application once. Contact us if you have any questions.  

You cannot edit your application after it has been submitted and you cannot save and resume your application. 

Eligibility 

Visa eligibility 

To see if you’re eligible for this visa, read the Home Affairs' criteria

Complying investment frameworks 

See the requirements below according to the complying investment framework you applied for your visa under. 

Pre 1 July 2015 complying investment framework 

For applicants who hold their first provisional subclass 188 visa:  

You must meet criteria 1.1, 1.2 or 1.3 below:  

1.1. If you were nominated by NSW before 1 September 2014, you have held a complying investment* continuously for the whole of the period during which you have held your subclass 188 visa, including at least A$1.5 million in NSW Waratah Bonds.  

1.2. If you were nominated by another state/territory before 1 September 2014, you have held a complying investment* continuously for the whole of the period during which you held your subclass 188 visa and you meet 2.2(a) or 2.2(b) below:  

a) You have invested at least A$1.5 million in NSW Waratah Bonds; or  

b) You can demonstrate investment activity in NSW of at least A$1.5 million**, and  

i) You can demonstrate that you have established a residence in NSW, and  

ii) You have a genuine commitment to undertake further beneficial business or investment activity in NSW. 

1.3. If you were nominated after 1 September 2014, you have held a complying investment* continuously for the whole of the period during which you have held your subclass 188 visa. 

 

Post 1 July 2015 complying investment framework 


You have held a complying investment* continuously for the whole of the period during which you have held your first provisional subclass 188 visa.  

Investment and settlement update 

You have updated NSW with your investment and settlement details. 

For applicants who hold a subclass 188 visa in the Significant Investor Extension stream 

You have held a complying investment* continuously for the whole of the period during which you have held your subclass 188 visa, including the period(s) during which you have held a subclass 188 visa in the Significant Investor Extension stream. 

Letter of release – if you were nominated by other state or territory

If you were nominated by another Australian state or territory for your subclass 188 visa, you must obtain a letter of release from your nominating state or territory on the Home Affairs’ Form 1414.  

* As per Department of Home Affairs’ definition of ‘complying investment’ 

** Excludes residential real estate 

How to apply 

You need to apply for NSW nomination before you can apply to Home Affairs for this visa. Applying for NSW nomination from involves the following steps. 

Apply for NSW nomination 

Apply to NSW for nomination using our online form.  

See our guide to supporting documents for information about what supporting evidence you need to supply at the time you apply to NSW. 

Prepare your documents 

See our guide to supporting documents for information on the documents you should include and providing these documents with your application. 

Paying the application fee 

You (or your migration agent) will be emailed a payment link immediately after submitting your online application form. This payment link is valid for 30 minutes only. 

Your application will only be assessed after you completed the application payment. To ensure the timely assessment of your application, you must complete payment within the 30 minute timeframe. 

Application fees if you were nominated by NSW, and are applying from:  

  • within Australia: A$1,397 

  • outside Australia: A$1,270 

Application fees if you were nominated by another Australian state or territory, and are applying from: 

  • within Australia: A$2,217 

  • outside Australia: A$2,090  

Application fees are non-refundable. Applications that remain unpaid will be closed by our office. Retain a copy of your receipt as proof of payment.  

Application processing time 

You will receive an outcome, or request for further information, within four weeks of your application payment. 

Next steps 

If your application is approved, you will receive a notification of approval by email with a signed copy of the Home Affairs’ Form 1414. NSW nomination is valid for 90 days.  

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