Australia Significant Investor Visa 188C - Detail Information

Benefits of the Australian 188C Visa

• Permitted to reside in Australia for a period of 5 years
• Access to certain social security benefits as per Australian regulations
• Ability to sponsor family members if they meet the eligibility requirements
• Freedom to enter and exit Australia multiple times during the visa’s validity
• The applicant and accompanying family members can work and study in Australia. The family is also eligible for 510 hours of free English language classes.
• If eligible, the applicant can apply for the 888C visa to become a permanent resident of Australia under the investment stream.

Advantages of the Australian 188C Visa

• Investment returns typically range from 8-10% per year
• No specific age requirement for the applicant
• No need to directly operate or manage a business in Australia
• No requirement to achieve a specific migration points score to qualify for the visa

Requirements for the Australian 188C Visa

Applicants must meet the following conditions:

Requirements for the Australian 188C Visa

• Must invest 5,000,000 AUD (~87.5 billion VND) into eligible investment funds in Australia and maintain this investment until granted the 888C visa (at the earliest after 4 years)
• Must demonstrate a total net worth of at least 5,000,000 AUD
• Must be nominated by one of the states or territories in Australia
• Must meet health and character requirements.

Investment Requirementsu:

Invest at least 5,000,000 AUD (~87.5 billion VND) into eligible investment funds as per Australian Government regulations. This investment must be maintained until the 888C visa is granted, with the earliest possible time being 3 years.

Allocation Structure:

• At least 1 million AUD (~17.5 billion VND) into funds focusing on start-ups, venture capital, and private equity (Venture Capital & Private Equity Fund).
• At least 1.5 million AUD (~26.3 billion VND) into funds targeting emerging companies listed on the Australian stock exchange (Emerging Companies Fund).
• At least 2.5 million AUD (~43.8 billion VND) into balanced investment funds (Balancing Investment Fund).

Obligations for Holding a 188C Visa

• Reside in the state or territory in Australia that nominated you for the required period
• Maintain business activities in Australia to meet visa requirements
• Maintain the minimum investment of 5,000,000 AUD for at least 3 years.
• Pay taxes on income from investments according to Australian law
• The business regulations (in Australia) that you operate must comply with Australian labor laws (if applicable).

Documents Required for 188C Visa Application

To apply for the 188B visa, you need to prepare the following documents:

Personal identification documents:

• Color copies of valid passport pages
• National ID card
• Proof of name change (if applicable)

Business, investment, and asset documents:

• Form 1139A.
• Personal assets: Cash assets (bank statements), real estate (title deeds, property valuations), personal loans (loan agreements, loan statements), stocks & bonds (proof of ownership, market value).
• Business assets: Financial statements (balance sheets, profit and loss statements, income and expenditure notes), proof of equity ownership in the business (company history extracts, annual shareholder profits, cooperation agreements, trusts or franchises, etc.).
• Investment plan: List of investments, regulated investment funds. Note that investment activities can only be undertaken upon receiving an invitation from the Australian Department of Immigration.
• Source of investment funds: Documents proving the legality of the funds: Proof of ownership, business performance, and profit distribution; Proof of investment activities and investment performance; Legal certificates or wills. Bank statements proving ownership over a specific period; Proof of asset linkage to declared sources.

English proficiency certificates:

If the applicant and accompanying individuals over 18 do not have an English certificate (IELTS minimum 4.5), they will need to pay an additional language fee (only if required by the Department of Immigration).

Health documents:

The designated medical facility will send the health examination results to the Australian Department of Immigration.

Criminal recordp:

• Form 80 for the primary applicant and family members aged 16 and over
• National police clearance certificate.
• Military service records (if applicable).

Documents for accompanying individuals (if applicable):

• Spouse: Personal identification documents, criminal record, marriage certificate, proof of relationship with the primary applicant (e.g., joint bank account statements, mortgage agreements, documents showing cohabitation with the applicant)
• Children under 18 years old: Birth certificate copy, household registration book, adoption certificate copy (if applicable), proof of relationship with the applicant.
• Children aged 18 years and over: Personal identification documents, criminal record, documents related to other relationships (if applicable), proof of relationship with the applicant.
• Children aged 23 and over who are financially dependent: Provide additional evidence of the child’s dependency on the applicant, in addition to the documents mentioned above.

Processing time for the 188C visa

The Australian Department of Immigration typically takes about 2 years to process a 188C visa application. The specific timeframes are as follows:

• Approximately 75% of applications are granted within 19 months
• Approximately 90% of applications are granted within 22 months