This is a permanent residency visa that may provide a future pathway to Australian citizenship.
Who can apply for this visa?
This visa offers applicants the choice of four streams:
- Business Innovation stream: Business owners who have undertaken a complying investment and/or business activity in South Australia that meets a 'benefit to state' requirement.
- Investor stream: Have invested AUD $2.5 million (AUD $3.75 million of over 55 years of age) into a complying investment fund for the duration of the provisional visa.
- Significant Investor stream: Have invested AUD$5 million into a complying investment fund for the duration of the provisional visa.
- Entrepreneur stream: Have continued to operate your business in South Australia and meet the obligations to maintain your nomination status.