The AUD 5 million must be invested in funds designated by the state or territory, including: at least AUD 1 million in venture capital funds, AUD 1.5 million in growth companies, and the remaining amount in other permitted assets or funds.
The Significant Investor Stream (subclass 188C) is designed for high-net-worth individuals who are prepared to make a substantial investment of 5,000,000 AUD into investment funds in Australia and maintain this investment until granted the 888C visa (at the earliest after 4 years).
Upon meeting the necessary requirements, investors have the opportunity to receive the permanent Australian residency visa 888C. Applicants can also sponsor their spouse and children under 23 to join them.
Applicants must meet the following conditions:
Requirements for the Australian 188C Visa
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:
If, after 5 years, the investor is not yet eligible to transition to the permanent 888C visa, they can apply for an extension of the temporary 188C visa for up to an additional 4 years. This means the total duration can be extended up to 9 years for applications invited after July 1, 2021.
Conditions for Extending the 188C Visa:
Extending the 188C visa allows investors additional time to fulfill the requirements necessary to transition to the 888C visa and achieve permanent residency in Australia.
To apply for the 188B visa, you need to prepare the following documents:
Personal identification documents:
Business, investment, and asset documents:
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:
Documents for accompanying individuals (if applicable):
(If the accompanying person is 18 or over but does not meet the IELTS score of 4.5)
The Australian Department of Immigration typically takes about 2 years to process a 188C visa application. The specific timeframes are as follows:
The AUD 5 million must be invested in funds designated by the state or territory, including: at least AUD 1 million in venture capital funds, AUD 1.5 million in growth companies, and the remaining amount in other permitted assets or funds.
The 188C visa has no age limit, does not require a 65-point score, and offers more flexible residency conditions (40 days/year in Australia or 180 days/year if substituted by a spouse). It is suitable for high-net-worth investors who wish to maintain global operations.
The investor and their family become Australian permanent residents, entitled to live, study, work legally, and enjoy healthcare, education, and social security benefits. After four years of residency, they may apply for Australian citizenship.
Second Citizenship Vietnam is a migration consultancy fully accredited under the guidelines of the Australian Government. By choosing Second Citizenship Vietnam for your 188C visa investment, you can be confident in minimizing any potential risks.
Notably, Second Citizenship Vietnam has an impressive track record since its establishment. Many Vietnamese entrepreneurs have partnered with us to access optimal investment and residency programs, including Australia’s 188C Significant Investor visa program.
We assist clients in analyzing and clarifying the investment and residency pathways through the 188C Significant Investor visa, as well as other Australian immigration programs, giving investors a comprehensive understanding of the entire process.
Fill out the form and we will contact you