Key Features of the Significant Investment Visa (188C)
Key Criteria:
- Minimum Investment Requirement: To be eligible for the Subclass 188C Visa, applicants must make a significant investment of at least AUD 5 million in Australian funds, complying with the specified investment guidelines.
- Investment Term: The investment must be maintained for a minimum of four years in complying investments, which primarily include government bonds, managed funds, and investments in Australian proprietary companies.
- State or Territory Nomination: Applicants must be nominated by a state or territory government in Australia. Each state or territory may have specific criteria for nomination.
- Age and Skill Requirements: There are no specific age limits or skill requirements for this visa stream, making it accessible to a wide range of investors.
- Permanent Residency Pathway: After holding the Subclass 188C Visa for a specified period (usually four years), visa holders can apply for the Subclass 888 Permanent Business Innovation and Investment Visa, provided they continue to meet the investment and other visa requirements.
Benefits:
- Temporary Residency: The Subclass 188C Visa initially grants temporary residency for the primary applicant, their partner, and dependent family members.
- Work and Study Rights: Visa holders have the freedom to work and study in Australia.
- Access to Medicare: Depending on the agreements between Australia and the applicant’s home country, limited access to Australia’s public healthcare system, Medicare, may be available.
Visa Conditions:
- Visa holders must adhere to the investment terms and conditions, including maintaining their investment for the required period.
- Compliance with Australian laws and regulations is mandatory.
- Visa holders must continue their involvement in business and investment activities in Australia.
Different Streams Of The 188 Visa
There are different streams of Visa depending on the type of business you are starting or investing in.
Apply for a Business Innovation and Investment (subclass 188) visa
Let K1 Migration simplify the process for you. Our expert team will guide you in selecting the right stream, preparing documents, and lodging your application.
Step 1
Once you reach out to K1 Migration, we set up a discovery call to understand what your needs are and what Visa best suits you.
Step 2
From there, we will send you a Strategy proposal outlining the steps we will take to assist you in getting a Visa for you to sign off on.
Step 3
Now our team leaps into action, following immigration pathways, taking care of the paperwork and helping you through the entire application process.
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Frequently Asked Questions
The Subclass 188C Visa is a temporary visa for individuals who invest at least AUD 5 million in complying significant investments in Australia. It allows applicants and their families to:
- Live, work, and study in Australia for up to 5 years.
- Travel freely in and out of Australia.
- Transition to permanent residency through the Subclass 888 Visa after meeting specific requirements.
This visa does not require meeting a points test or having a specific age limit, making it more accessible for global investors.
To be eligible for the Significant Investor Visa (Subclass 188C), applicants must:
- Be nominated by an Australian state or territory government or Austrade.
- Commit at least AUD 5 million to complying significant investments in Australia.
- Meet health and character requirements.
- Agree to maintain the complying investment for the visa duration.
There is no age limit or points test for this visa stream.
Applicants must invest a minimum of AUD 5 million in a balanced portfolio of Australian investments:
- At least AUD 1 million (20%) in venture capital funds or private equity funds investing in start-ups and small private companies.
- At least AUD 1.5 million (30%) in managed funds that invest in emerging companies listed on the Australian Stock Exchange (ASX).
- Up to AUD 2.5 million (50%) in balancing investments across managed funds, which may include assets such as bonds, property, and equities.
The investment must be held for the duration of the visa.
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