Overview of temporary visas for Investment managers in 188B
188B is a four-year temporary visa for investors working in stocks, futures, funds, foreign exchange, etc., a business immigrant category for investment managers, requiring applicants to invest at least A $1.5 million in state-designated bonds. Before submitting an 188B visa application, the applicant must submit the EOI, and obtain a guarantee from the Australian state or territory government.
The visa is a four-year residence visa that requires a relatively relaxed age requirement and does not require the applicant to own a business or company, but values the applicant's ability to invest. At the same time, the applicant is required to stay in Australia for a cumulative period of 2 years before applying for permanent residence in Australia. Although there is no mandatory requirement for the principal applicant's academic qualifications in English, the visa needs to be screened for points. Besides considering the applicant's personal and family net assets and investment experience, the visa will also be based on the applicant's age. English level, academic level, and other points, so if the applicant's academic background and English to a certain extent can undoubtedly improve the overall score.
188B overall requirements for temporary visas for investment managers
- Received an invitation from EOI;
- Successful business or investment experience
- Adequate personal and business assets;
- Nominated by a state or territory government;
- To make a designated investment in an Australian or territorial government.
188B temporary visa application conditions for investment managers
- Under 55 years of age, or the state government waives the age requirement;
- Reach Innovation Points test 65, the specific score is shown in the following table;
- Demonstrate excellent investment and management skills;
- At least three years of direct investment or management experience in one or more enterprises;
- Overall successful investment or business experience;
- Commitment to continue business and investment activities in Australia after the initial investment matures;
- Willing to live in the state or territory you invest in for at least two years;
- In the past five years, the husband and wife have more than 10% of the shares in the business, or have a year to manage at least 1.5 million Australian dollars of investment;
- In the past two fiscal years, commercial or personal net assets of at least 2.25 million Australian dollars, which must be legal proceeds, can be legally transferred to Australia within two years of visa approval;
- Invest A $1.5 million in state bonds for a four-year period;
- Not involved in illegal activities.
Note: under the Australian tax Code, the return portion of a specified investment must be taxed.
188B temporary visa scorecard for investment managers (this scorecard applies to 188A and 188B visas)
| 188 Visa breakdown | Description-immiknow | Fraction |
| Age (subject to specific application) | 18-24-year-old (inclusive) | 20 |
| 25-32-year-old (inclusive) | 30 | |
| 33 / 39 years old (inclusive) | 25 | |
| 40 / 44 years old (inclusive) | 20 | |
| 45-54-year-old (inclusive) | 15 | |
| 55 years of age and ove | 0 | |
| English language competence | IELTS at least 4 5 points | 5 |
| IELTS at least 4 7 points | 10 | |
| Academic qualifications | A vocational education certificate, diploma or bachelor's degree issued by an Australian educational institution; or a bachelor's degree certified by an educational institution. | 5 |
| Bachelor's degree in business, science or technology from an Australian institution; or a bachelor's degree from an educational institution that meets the accreditation criteria. | 10 | |
| [经] special endorsement | The nominated state or territory authority determines that the business you plan is unique and has a special contribution to the state or territory in which the nominated government agency is located. | 10 |
| Financial assets (net commercial and personal assets owned by husband and wife for at least two years) | 800000 Australian dollars | 5 |
| 1.3 million Australian dollars | 15 | |
| 1.8 million Australian dollars | 25 | |
| 2.25 million Australian dollars | 35 | |
| Turnover (annual turnover of at least two years in major business) | 500000 Australian dollars | 5 |
| 1 million Australian dollars | 15 | |
| 1.5 million Australian dollars | 25 | |
| 2 million Australian dollars | 35 | |
| Business experience (applicable to the 188A Business Innovation category only) | At least 4 years of business experience | 10 |
| At least 7 years of business experience | 15 | |
| Investment experience (188B investor category only) | At least 4 years of investment experience | 10 |
| At least 7 years of investment experience | 15 | |
| Business innovation qualification | Certificate of registration of patent or registered design | 15 |
| Certificate of registered trademark | 10 | |
| Formal certificate of joint venture agreement | 5 | |
| Export trade certificate | 15 | |
| Proof of owner's equity of gazelle enterprise (gazelle enterprise is a kind of general name of high-tech enterprise with high-tech enterprise that banks have good growth and leap-forward development trend). | 10 | |
| Receipt of grant or certificate of venture capital financing | 10 | |
| State or territory nomination | Nominative endorsement (restricted area) | 10 |
188B temporary visa application process for investment managers
- On-line EOI received an invitation from EOI to apply for a state-guaranteed visa application or an interview-free notice to obtain a four-year 188B visa.
188B temporary visa application cycle for investment managers
- Overall cycle: 75% of applications take 16 months. 90% take 19 months.
188B Investment Manager temporary Visa to 888 Business Entrepreneurship and Investment permanent residence Visa method
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