1. Program Overview
The 188C visa is an immigration investment program issued by the Australian government since 2012. This program encourages citizens outside Australia, regardless of age, to invest a minimum of AUD 5 million in investment funds. Accordingly, the whole family of investors, including spouses and children under the age of 23, who are single and can prove status of financial dependence, will be granted a temporary residency visa for 4 years, then convert to permanent resident.
2. Benefits of Visa 188C
Applicants and their families, including spouses and children under 23 years of age, who are still single and can prove financial dependence, will be granted temporary visas.
Naturalized after 4 years of living full time, including 1 year of permanent residence.
Study for free from grades 1 to 12 (public schools) and work in Australia.
To live in a safe environment and have the highest quality of life in the world.
No global tax required.
Profits: depending on the field of investment and the level of commitment of the investment fund.
Redeem after 4 years.
3. Rights of Australian Citizens
Freedom to travel, live and work anywhere in Australia.
Visa-free travel to 168 countries around the world.
Tuition fee waiver from primary to high school (public schools).
Enjoy all of Australia's health and social security privileges.
Get help from the Australian diplomatic service on any trip abroad.
First homeownership subsidy in Australia.
4. Conditions of participation
Nominated by a state/territory in Australia.
Receive a visa invitation.
Applicant must be under 55 years of age.
No involvement in illegal business activities.
Applicants and all family members must meet health and criminal background conditions.
Applicants must have a clear commitment to:
Resides in the state and territory that the government agency has nominated.
Maintains business and investment activities in Australia.
The applicant and family members (aged 18 years and over) must agree not to take any action that would cause loss to Australia in respect of the taken investment fund.
The applicant or / and spouse must have a minimum legal net worth of AUD 5,000,000 which can be used to invest in an approved type of investment, including:
Invest a minimum of AUD 500,000 (10%) in the Australian venture capital fund or private equity fund that invests in small companies and start-ups.
Invest a minimum of AUD 1.5 million (30%) in a legally managed fund or listed companies that invest in emerging companies on the Australian Securities Exchange (ASX).
Balance Investment of AUD 3 million (60%) in management funds or LICs that these entities invest in assets such as other listed companies on ASX, corporate bonds, or revenues, monies and real estate in Australia.
5. Eligibility for 888 Permanent Resident
Applicants and families must comply with all visa conditions as well as the laws of Australia.
Applicants must live in Australia for a minimum of 160 days/4 years (cumulative) during the validity of the visa or the applicant' spouse must live in Australia for a minimum of 720 days/4 years (cumulative) within the validity period of the visa.
The applicant and/or spouse must:
Maintain your investment for 4 years within 188C visa term
Run a business in a private company in Australia, in which the applicant invests directly (if any).
Conditions applied to applicants for a 188C visa will still be applied when the 888 permanent visa application is processed.
If applying for a 188 visa before July 1, 2015, applicants will be eligible to apply for a 888 permanent visa after 3 years and 11 months.
If applying for a 188 visa after July 1, 2015, applicants must hold 188 visas for at least 4 years before applying for a 888 permanent visa.
If you have any question about immigration programs, please register in the form below or contact USIS, we are willing to receive and answer all your questions.
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