New Business Migration Visa (The Significant Investor Visa) has been introduced(to be offered via Immigration SA)
In this, investors should be willing to contribute $5 million to South Australia State’s economy.
This is a new stream within the Business Innovation and Investment visa.
Migrants successful in obtaining the four-year Significant Investor Visa will need to invest at least $3 million over two years into State-based companies.
They then have a choice to invest the remaining $2 million over four years in any combination of eligible managed funds, South Australian Government Financing Authority (SAFA) bonds or additional private company investment.
The visa can be extended by two year periods and is not subject to a points test, upper age requirement or English language threshold requirement.
Visa holders must live in Australia for at least 40 days every year, or 160 days cumulatively, over their four-year visa term.
