Significant Investor Subclass 188 Visa

Key Notes for 188C Visa

• Unlike 188A and B, there is no age limit for the applicant.
• No minimal English score requirement.
• The applicant does not need to attend an EOI score test.
• Quick turnaround time, within 9 months
• This Visa can be extended twice if required.
• The main applicant can include their family members in the application, including spouse and dependencies under 23 years of age.
• Applicants can travel outside of Australia during their temporary residency, subject to the condition of being an ordinary resident of Australia
• Eligible dependencies of the applicant can receive government education support from Government Primary and High schools.
• The Visa Holder can be in Australia for 160 days or 40 days per year while the Visa was held (over 4 years). Applicant does not have to be an ordinary resident of Australia in this Visa Class.
• Applicants can apply for Permanent Residence after their investment obligations are met.

188C Specific Visa Requirments

• Be nominated by a state or territory government
• Invitation to apply through SkillSelect
• A minimum of 5 Million AUD in Capital, to be invested into a ‘complying investment’
• A Net asset that is substantially above 5 Million AUD.
• A proven record in financial success.

What are complying investments?

Complying Investments include the following:

• Direct investment into private Australian companies not listed on an AustraliaStock Exchange
• Commonwealth, state or territory government bonds
• Australian Securities and Investment Commission (ASIC) regulated managed funds with a mandate for investing in Australia which include:
  • bonds or term deposits issued by Australian financial institutions
  • infrastructure projects in Australia
  • cash held by Australian deposit-taking institutions
  • bonds issued by the Australian Government or a State or Territory government
  • bonds, equity, hybrids or other corporate debt in Australian companies and trusts listed on any Australian stock exchange
  • real property in Australia
  • Australian agribusiness
  • annuities issued by an Australian registered life company