188C visa- Business visa (Significant Investment)

188B visa-Business visa (Investment)

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188C visa-Business visa (Investment)

This visa is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest through the Skill Select system.

This is a 5-year temporary visa, for people willing to make an AUD 5 million investment in Australia. After maintained an investment in Australian for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment Subclass 888 visa. 

The applicants can either be in Australia or overseas to lodge this visa.

If the applicant is in Australia, he must hold a Substantive Visa or a Bridging A, B or C visa.

Advantages of the SIV 188 visa:

No upper age limit,
No English Language requirement,
No Points Tests
Provides for at least 2 Extensions – of 2 years each (if extension requirements are met)
Lower residence requirement to apply for the 888 Permanent visa.