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What is Visa 188C? About Visa 188C

  • 188C Significant Investor Visa 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. If the applicant is in Australia: Must hold a Substantive Visa or a Bridging A, B or C visa. Advantages of the SIV 188 visa: No upper age limit, No English Language requirement, No Points Tests Provides for at least 2 Extensions – of 2 years each (if extension requirements are met) Lower residence requirement (40 days per year for main applicant or 180 days for spouse) to apply for the 888 Permanent visa.
  • General Requirements: 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: At least $500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies At least $1.5 million in approved managed funds investing in emerging companies listed on the Australian Stock Exchange. 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
  • Subclass 888 VISA Requirements: · 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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Right

The whole family lives, studies, works and does business in Australia.

Children are free to attend grade 12 in public schools.

Freely travel between Vietnam and Australia.

Be granted permanent residence visa Australia 888A upon satisfactory.

Advantages Advantages of Visa 188C

owner

Enterprise ownership

biz

Can establish or acquire an existing business

invest

The investment is only from $ 200,000 AUD

bizness

Profitable from business

Conditions

Procedures