|Overview||This visa allows holders of a Business Innovation and Investment (Provisional) visa (subclass 188) Significant Investor stream holders to extend their stay in Australia for up to 4 more years.|
|Cost of application||From AUD645 (see ’cost’ below for additional information)|
|Duration of visa|
If you held SC 188 Significant investor stream visa for 4 years- 2 additional years through the extension stream
If you held SC 188 Significant Investor Extension Stream (4+2=6 years)- 2 additional years
|Uses of this visa|
Applicants must meet the following requirements-
This visa costs AUD645 for the main applicant.
There is also a charge for each family member who applies for the visa with you:
- additional applicant over 18 years old: AUD325
- additional applicant under 18 years old: AUD165
You must pay an extra charge for any applicant 18 years old or older who has less than functional English unless this charge has already been paid for a previous subclass 188 visa application. This charge is the second instalment which must only be paid when you are asked to do so. You will be refunded the charge if the visa is not granted
The second instalment charges are:
- main applicant: AUD9,795
- family members: AUD4,890
You might also have to pay other costs for health checks, police certificates and biometrics.