Investor(Provisional) Visa Subclass 162
What is Subclass 162 Visa?
This Subclass, one of the subclasses under Business Skills Program, is for investors/business people who have an overall successful record of business or investment activities, have significant net assets, are willing to invest funds in a designated investment in Australia for 4 years and have a genuine commitment to maintain business and investment activity in Australia.
This Subclass 162 was closed to new applicants from 1 July 2012 but remains open for adding secondary/dependent applicants. The Business Skills Program was replaced by the Business Innovation and Investment Program (hyperlink to Subclass 188).
Current holder of Subclass 162 must apply for the ‘pre 1 July 2012’ permanent Business Skills visas (hyperlink to subclass 890, 891 and 892).