Australia is a top destination for high-net-worth individuals (HNWIs) seeking investment and residency opportunities. The Premium Investor Visa (PIV), part of Australia’s Business Innovation and Investment Program (BIIP), is designed for ultra-high-net-worth investors who can make substantial financial contributions to the Australian economy.
The PIV offers a fast-tracked pathway to permanent residency for individuals willing to invest at least AUD 15 million in approved Australian investments. This guide provides a comprehensive overview of the Premium Investor Visa, covering eligibility, investment requirements, application steps, and benefits.
What Is the Australia Premium Investor Visa?
The Premium Investor Visa (PIV) is a special investment visa category under Australia’s Subclass 188 Business Innovation and Investment (Provisional) visa. It is designed for exceptionally wealthy individuals who can make high-value contributions to the Australian economy.
Unlike other investor visas, the PIV offers:
✔ Fast-track permanent residency – Permanent residency in just 12 months.
✔ No residency requirements – No minimum stay is required in Australia.
✔ Flexible investment options – Applicants can invest in businesses, philanthropic initiatives, and financial assets.
The PIV is available only by invitation from the Australian government, making it one of the most exclusive investor visa programs.
Key Benefits of the Premium Investor Visa
✔ Fastest Route to Permanent Residency
- Unlike the Significant Investor Visa (SIV), which requires 4 years of investment, the PIV offers PR eligibility after just 12 months.
✔ No Residency Obligations
- The visa does not require applicants to reside in Australia for a set period.
✔ Family Inclusion
- Spouses and dependent children can be included in the application.
✔ Flexible Investment Choices
- The AUD 15 million investment can be placed in various financial instruments, Australian businesses, or philanthropic projects.
✔ Access to Australian Business and Lifestyle
- Visa holders can live, work, and study in Australia without restrictions.
✔ Potential Tax Advantages
- High-net-worth individuals may benefit from Australia’s favorable taxation system.
Who Can Apply for the Premium Investor Visa?
The Premium Investor Visa (PIV) is available to high-net-worth individuals who meet the following eligibility criteria:
1. Investment Requirement
✔ The applicant must invest at least AUD 15 million in complying investments.
✔ Investments must be held for at least 12 months before applying for permanent residency (Subclass 888 visa).
2. Government Nomination
✔ The applicant must receive an invitation from Austrade (Australian Trade and Investment Commission).
✔ Unlike the Significant Investor Visa (SIV), the PIV is not open for direct application.
3. Net Worth Requirement
✔ Though there is no specific minimum net worth requirement, applicants must prove they have the financial means to make the AUD 15 million investment.
4. Good Character and Health Requirements
✔ Must pass health and character checks, including:
- Medical examinations.
- Police clearance certificates.
✔ No history of criminal activity or financial fraud.
Eligible Investment Options for the Premium Investor Visa
To qualify for the PIV, applicants must invest AUD 15 million in complying investments, which include:
1. Australian Businesses and Startups
✔ Investment in public or private companies operating in Australia.
✔ Focus on innovation, technology, and high-growth sectors.
2. ASX-Listed Securities
✔ Investment in Australian Stock Exchange (ASX) listed shares.
3. Philanthropic Contributions
✔ Donations to Australian charities and philanthropic projects.
✔ Must be registered with the Australian Charities and Not-for-Profits Commission (ACNC).
4. Government Bonds and Infrastructure Projects
✔ Investment in Commonwealth, state, or territory government bonds.
✔ Infrastructure projects aligned with national priorities.
Step-by-Step Application Process for the Premium Investor Visa
Step 1: Expression of Interest (EOI) Submission
✔ The applicant must submit an Expression of Interest (EOI) through SkillSelect.
✔ Indicate willingness to invest AUD 15 million in complying assets.
Step 2: Invitation from Austrade
✔ Only applicants who receive an invitation from Austrade can apply for the visa.
✔ Austrade assesses:
- Investment track record.
- Potential economic benefits to Australia.
✔ If selected, applicants proceed with their visa application.
Step 3: Submit Subclass 188 Visa Application
✔ Once invited, applicants must apply for the Subclass 188 Premium Investor Visa.
✔ Submit all required documents and proof of investments.
✔ Pay the visa application fee:
- AUD 9,195 for the primary applicant.
- Additional fees for family members.
✔ Processing time: 3-6 months.
Step 4: Make the AUD 15 Million Investment
✔ After visa approval, the applicant must transfer AUD 15 million into qualifying investments.
✔ Investments must be maintained for at least 12 months.
Step 5: Apply for Permanent Residency (Subclass 888)
✔ After 12 months, applicants can apply for permanent residency (Subclass 888 Premium Investor Visa).
✔ Must demonstrate:
- Investments were maintained as per requirements.
- No breaches of visa conditions.
✔ Processing time: 6-12 months.
Common Reasons for PIV Application Rejection and How to Avoid Them
❌ 1. Failure to Secure Austrade Nomination
✔ Solution: Build a strong investment profile showcasing economic impact.
❌ 2. Non-Compliant Investments
✔ Solution: Ensure funds are placed in approved Australian investment options.
❌ 3. Inadequate Financial Documentation
✔ Solution: Provide detailed bank statements, tax records, and investment proof.
❌ 4. Criminal or Immigration History Issues
✔ Solution: Obtain police clearance certificates and address past visa refusals.
Living in Australia as a Premium Investor Visa Holder
1. Business and Investment Opportunities
✔ Access to Australia’s dynamic economy.
✔ Ability to establish or expand business ventures.
2. Education and Healthcare
✔ Access to top-tier universities.
✔ Eligibility for public healthcare (Medicare) upon obtaining permanent residency.
3. Taxation Considerations
✔ High-net-worth individuals should consult tax experts to optimize tax benefits.
✔ Australia has double-taxation agreements with many countries.
Conclusion
The Australia Premium Investor Visa (PIV) is a prestigious pathway for ultra-high-net-worth individuals to secure Australian residency through investment. With a minimum AUD 15 million investment, fast-tracked permanent residency in 12 months, and no residency requirements, this visa offers exceptional benefits to elite investors.
By ensuring compliance with investment regulations, securing Austrade nomination, and maintaining financial transparency, applicants can successfully navigate the PIV process and establish a prosperous future in Australia.
Zara Adeyemi 
Adai