188B-Business Investor stream
This provisional visa is for people with business ownership and skills or investment skills, interest to invest in Australian State or Territory’s government bonds for at least AU$ 1.5 million. This visa provide a permanent residence (888 Visa) pathway to the holder of visa.
You have to lodge an Expression Of Interest (EOI) and wait to receive an invitation from the State or Territory Government; it requires to satisfy the basic requirements of the above as well as the nomination requirements of the State or Territory Government.
The business/businesses using for meeting the business ownership and managing skill must be a qualified business. Qualifying business means an enterprise that:
✪ is operated for the purpose of making profit through the provision of goods, services or goods and services (other than the provision of rental property) to the public; and
✪ is not operated primarily or substantially for the purpose of speculative or passive investment.
The investment using for meeting the investment ownership and managing skill must be a Eligible Investment.
Eligible Investment means if a person owns it for the purpose of producing a return in the form of income or capital gain, and
not for personal use:
(a) an ownership interest in a business;
(b) cash on deposit;
(c) stocks or bonds;
(d) real estate;
(e) gold or silver bullion.