Significant Investor Subclass 188 Visa

This visa requires a significant investment of at least $5 million in Australia. The visa is valid for 4 years. After 4 years the visa does transition to permanent residency.

What you need to know:

  • Requires significant investment of $5m.
  • There is no English requirement.
  • Visa does result in permanent residency after 4 years.
  • No age limit for this visa and no point requirements.

What are the requirements for this visa?

  • The applicant has been nominated by a state or territory government
  • No points test for this visa
  • There is not age limit for the visa.
  • The visa holder must invest $5m in Australia.

What are the steps to apply for this visa and how does it transition to permanent residency?

  • Be nominated by a state or territory government
  • Invitation to apply through SkillSelect
  • An investment of $5million into a ‘complying investment’

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

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