Does it suffer the same delay as the business visa?
With the planning level taking effect on 1 July 2023, and assuming this remains at a similar level for subsequent years, you would expect more than 10 years processing time. This is a significant increase from the current expectations of 3+ years. We will know more about the intentions of the government when they release their migration strategy late 2023. You may want to look at other alternatives to move to Australia.
According to the Department of Home Affairs processing guidelines, the 188C (Provisional) Visa is taking between 12 - 24 months processing until a visa decision is made. Then after 4 years of successfully maintaining the Investment, the applicant can apply for the 888C (Permanent) visa, which has a substantially longer processing time of between 33 - 37 months until a visa decision is made.
Processing times for Significant Investor Stream subclass 188 visa varies on a case-to-case basis and can be between 12 to 22 months, depending on individual circumstances. The processing time may be reduced by providing clear correct documents without delays from the applicant.
At the moment, the global processing benchmark for significant investor visa is about 22 months for 90% of the applications. The quality of your lodgement, visa background, number of applicants in your cohort and level of complexity in your background would determine the length of the visa processing. It is typically a faster grant than the business innovation stream visa (assuming that is what you are referring to, by business visa).
As of today, the data shows 0-683 days of processing. Delays are quite apparent at this point. We would recommend other routes of migration at this point, and with your resources against your valuable time, of course, controlling for your limitations.
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