Significant Investor Subclass 188 Visa
This visa requires a significant investment of at least $5 million in Australia. The visa is valid for 4 years. After 4 years the visa does transition to permanent residency.
What you need to know:
- Requires significant investment of $5m.
- There is no English requirement.
- Visa does result in permanent residency after 4 years.
- No age limit for this visa and no point requirements.
Key Notes for 188C Visa
- Unlike 188A and B, there is no age limit for the applicant.
- No minimal English score requirement.
- The applicant does not need to attend an EOI score test.
- Quick turnaround time, within 9 months
- This Visa can be extended twice if required.
- The main applicant can include their family members in the application, including spouse and dependencies under 23 years of age.
- Applicants can travel outside of Australia during their temporary residency, subject to the condition of being an ordinary resident of Australia
- Eligible dependencies of the applicant can receive government education support from Government Primary and High schools.
- The Visa Holder can be in Australia for 160 days or 40 days per year while the Visa was held (over 4 years). Applicant does not have to be an ordinary resident of Australia in this Visa Class.
- Applicants can apply for Permanent Residence after their investment obligations are met.
188C Specific Visa Requirments
- Be nominated by a state or territory government
- Invitation to apply through SkillSelect
- A minimum of 5 Million AUD in Capital, to be invested into a ‘complying investment’
- A Net asset that is substantially above 5 Million AUD.
- A proven record in financial success.
What are complying investments?
Complying Investments include the following:
- Direct investment into private Australian companies not listed on an AustraliaStock Exchange
- Commonwealth, state or territory government bonds
Australian Securities and Investment Commission (ASIC) regulated managed funds with a mandate for investing in Australia which include:
- bonds or term deposits issued by Australian financial institutions
- infrastructure projects in Australia
- cash held by Australian deposit-taking institutions
- bonds issued by the Australian Government or a State or Territory government
- bonds, equity, hybrids or other corporate debt in Australian companies and trusts listed on any Australian stock exchange
- real property in Australia
- Australian agribusiness
- annuities issued by an Australian registered life company
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