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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