Overview of 188C temporary visas for Major Investment
- The 188C major investment temporary visa requires applicants to invest at least 5 million Australian dollars in Australia, no age limit, no English language requirements, and no scoring requirements. The visa also significantly reduced residence requirements, requiring applicants to stay in Australia for 160 days during the four-year period of their 188-C stay visa. The applicant must submit the EOI, prior to submitting the 188C visa application and obtain a guarantee from the Australian state or territory government.
188C General requirements for temporary visas for Major Investment
- Received an invitation from EOI;
- Successful business or investment experience;
- Adequate personal and business assets;
- Nominated by a state or territory government;
- Invest at least 5 million Australian dollars in Australia
188C conditions for applying for temporary visas for Major Investment
- Make real and realistic commitments.
- Live in a state or territory that guarantees you;
- Continue to operate business in Australia for investment management after the expiration of the designated investment by the Government;
- During the four-year visa period, the principal applicant has resided in Australia for at least 40 days a year, or your spouse has resided in Australia for at least 180 days a year;
- The husband and wife have at least 500 Australian dollars in net assets, must be legal income, can be transferred to Australia for compliance investment;
- You and your spouse are not involved in illegal business or investment activities;
- You, your spouse and your children over the age of 18 promise not to take any action on the potential loss of compliance investments;
- Under Australia's tax law, the proceeds from compliance investments must be taxed;
- Invest at least 5 million Australian dollars in compliance or major compliance investments over a four-year period.
Note: you can determine, through independent legal advice, whether the investment meets the requirements for a significant investment in compliance and that it is the applicant's obligation to determine whether or not the investment is compliant.
Compliance Major Investment
- After 1 July 2015, applicants invested at least 5 million Australian dollars in compliance major investments over a four-year period, in the following proportion:
- At least A $ five hundred thousand in venture capital and private equity funds to invest in new or small private enterprises;
- At least A $1.5 million in approved management funds are invested in emerging companies listed on the Australian Stock Exchange;
- At least A $3 million in "balanced investments" can invest in a variety of assets, including Australian listed companies, Australian companies' bonds and promissory notes, annuities and commercial real estate.
The Management Fund prohibits direct investment in residential real estate in Australia and indirect investment in residential property;
Investment shall not be used as a guarantee or as a mortgage.
188C Application process for temporary visas for Major Investment
- On-line EOI received an invitation from EOI to apply for a state-guaranteed visa application for an interview or an interview-free notice to obtain a four-year visa for a medical examination.
188C Total cycle of temporary visas for Major Investment
- Due to the small number of applicants, the specific time is uncertain.
