About this Visa:
This is a 4 years, 3 months provisional residence visa that allows you to live, invest and do business in Australia. Your family members can be included and kids can study. You get this visa based on your AUD 5 Million investment to Australia (see requirements).The investment needs to be in specified format and you must have a genuine intention to hold this investment for 4 years. After 4 years and meeting other criteria, you will become eligible to apply Permanent Residency (PR).
Can I apply in Australia or overseas?
You can either be in Australia or overseas when we lodge your application. To apply in Australia you must have other substantive visa or in Bridging A, B or C Visa.
Basic Requirements (188C):
For grant of the visa, applicants 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. In this stream, you need to stay at least 6 weeks (40 days) in Australia per year; OR Your spouse needs to stay at least 180 days per year in Australia.
IMPORTANT:
Significant Investment migration is a very complex process, especially determining the possibilities and presenting it to the Department in the way law requires. Different country have different investment phenomena and financial systems, and that all needs to be integrated in Australia and International standard. With our expertise on processing applications from around the globe, we know the differences and can guide you the best. Sometimes you may have other options for migrating to Australia. So we need to go through details information and give a proper assessment on your prospect and options. It takes reasonable amount of time to do so but still we are happy to do it for you, if you can provide all genuine and true information to us. Without seeing proper documents, we are not able to give any comments. IELTS and Education is not mandatory for this visa. Once you get this visa, we will start another process for your next visa which is 888C (PR). We will provide assistance till you get Australian Citizenship.
How much does it cost to apply?
Main applicant application fee is AUD 5,375
Any Family members over 18 years of age is AUD 2,685
Any Family members under 18 years of age is AUD 1,345
If main applicant or any family member over 18 years of age have less than functional English, there is additional fee (Second Installment) applies:
The Second Installment charge for Main Applicant is AUD 9,795
The Second Installment charge for over 18 any family member is AUD 4,890
* Other professional service fee, surcharge, third party fees applicable to process the application through us and can be discussed once we check the eligibility and know details.
How to apply PR (subclass 888) after getting this visa?
Please read our subclass 888A requirements or contact us for details.