Benefits
01/
Applicants and family can come to live, study, work and do business in Australia during the visa is issued
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No requirement to purchase or establish a business in Australia
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No upper age limit, Points Tests or English Language requirement
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Low residence requirement (40 days per year for main applicant or 180 days for spouse) to apply for Permanent visa.
About Significant Investor Visa (188C)
This visa is only available to applicants who are nominated by an Australian State or Territory government. To be nominated, the applicant must lodge an Expression of Interest (EOI) through the SkillSelect system.
This is a 4-year temporary visa, for people willing to make an AUD 5 million investment in Australia. After maintained an investment in Australian for 4 years, the applicant can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
The applicants can either be in Australia or overseas to lodge this visa.
188C/888C
SIGNIFICANT INVESTMENT VISA
For grant of the visa, the applicant must make an investment of at least AUD 5 million in a “complying investment”. A “complying investment” for the purposes of the Significant Investor Visa must be made up of:
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At least $500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
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At least $1.5 million in approved managed funds investing in emerging companies listed on the Australian Stock Exchange.
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A ‘balancing investment’ of up to $3 million in managed funds that may invest in a range of assets, including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate
Visa 188C Requirement
From Visa 188C To Visa 888C
Conditions for applicants
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Holding Visa 188C as the principal applicant, having been in Australia for at least 160 days for a period of 4 years
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Have held your complying investment or complying significant investment for the required period of time
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Get a sponsorship/nomination by the state prior to applying for a visa
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The applicant needs to spend 40 days per year in Australia on Significant Investor visa for the last 4 years, and be sponsored by a state or territory government to qualify for a permanent subclass 888 visa
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Not have been involved in unacceptable business or investment activities
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Have a realistic commitment to continuing business or investment
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Meet other health, character and language requirements